extended warranty on expensive electricals

bwatt00

Im thinking of buying a very expensive plasma and was just wondering many places offer warranty insurance at extra cost,most people dont take it but a few people do,now as the purchase of the plasma is expensive would it be wise to take the extended warranty or not as its a lot of money extra.
Most items never break down but then some do,i have had my toshiba tv for about 9 years or longer and never failed me yet,i cant remember if i took out the insurance on that one or if it came included as part of the deal.

But i was wondering does anyone know insurance companys just like those big high street store use that would insure and a fraction of the cost and pay up and repair without any hassle incase it did fail.

As im sure those warrantys on the high street are a rip off and im pretty sure there is cheaper around anyone know of some if so would like to find out.

bernardh_2

Just had a look at the John Lewis site.They offer a free 5 year guarantee on the plasma tv there and usually have a wont be beaten on price policy.

Ian_W

You're quite right that high st ext warranties are a rip off. I think the OFT reckoned about 50% went to the stores as commission for selling them, but they don't seem to have stopped it.

If bernardh's suggestion of John Lewis don't float your boat - try a google search for "extended+warranty" or something similar and you'll get plenty of options. Last one I bought for a £300 wide screen tele was from http://www.warrantyex.co.uk/ [site down atm for maintenance] and it worked out at £50 for 5 yrs. The cover is with Dom & Gen who provide the most cover for in-store ext warranties, so claims shouldn't be any more problematic.