When faced with the decision to buy long lasting appliances such as a washing machine, the fridge or installing a new boiler, it can be confusing as to whether it is the right call to make or not.
After all, a new boiler can be a substantial investment.
The decision gets harder when the appliance becomes faulty and you need extra money for repair or replacement since your manufacturer’s warranty has expired.
The manufacturer’s warranty extends to a year or two depending on the type of appliance bought and the brand. After this period, whatever damage or repair may be needed is left solely on you to pay for.
For example, many of the GTech vacuum cleaners come with a 2 year guarantee.
And wouldn’t you have guessed, it’s after this period that most appliances become faulty. For this reason, it’s a good idea to consider buying an extended warranty for your appliance.
Related Post: why paying £15 a month for washing machine insurance is really taking you to the cleaners…
Below are some of the benefits of buying an extended warranty:
Save Money when Damaged
Most damages come as an emergency and you might not be financially prepared for it. The money to fix, repair or replace the machine becomes hard to find as it was not allocated for.
To avoid this stress and extra cost, insure your appliances by buying an extended warranty that will take care of all this. The appliance will be repaired immediately at no cost to you, albeit some small monthly payments which are easy to handle.
Peace of Mind
An extended warranty which is also an insurance cover for your appliances will go to an extent of installing safety precaution measures that protect both you and your appliance. This will eliminate or at least minimize the dangers brought about by the use of the machine.
This safety guarantee is covered through the routine maintenance checks ensuring that your home is a safe place and not a death trap from faulty equipment.
Prolongs Life of the Appliance
Another important benefit from buying extended warranty is the assurance of a long term service from your appliance. The regular routine maintenance checkups and the free repairs and replacements of faulty parts will give your appliance a long service life making it live to the expected duration and even beyond.
Eliminates Emergency Financial Breakdown
Most appliances become faulty when there is no money spare for repair. They also seem to breakdown at almost the same time, disrupting your normal life that were dependent on the machine and also create a financial crisis. To avoid all this trouble and stress, buying an extended warranty will ensure that you are fully covered and the appliance repaired at low or no fee at all.
Buying Better Appliances
With an extended warranty insurance cover, one gets the confidence to invest in higher quality appliances. Buying expensive appliances without extended warranty scares most people and investors not because there is no money but because it may become more expensive in the long run. Buying extended warranty boosts ones confidence as you have an assured guarantee that it will serve you for a long time at no additional cost.
The type of extended warranty you buy will depend on the company you choose. There are so many companies that deal with this service and they differ in agreement depending on how you want to pay for the service and the type of appliance to be insured. One I’ve used before is insuremyappliance.co.uk. They seem pretty good and reliable. I haven’t had to claim yet though…