Dishwasher Insurance Renewal

paulofessex

Hi All
Just looking for your views. I am trying to justify why l shouldn't renew the policy this year.

Purchased dishawsher in Dec 2003
Cost £169
Have annual breakdown insurance via Domestic & General

x2 callouts only in 2003/2004 none since

The renewal has come through at a cost of £97.68 for the year an increase of £9.06

I have worked out approx. that if the annual cover has been £85 over the last 6 years (1st 12 month under warranty) l have paid £510 for insurance.

My dilemma is that now the machine is some 7 years old surely it would be better just to go out and buy a new one should it break down, have done a quick Google and can get one for £200-£300.

I'm not saying the insurance WAS pointless, as with our washing machine for example it was worth it as a new replacement was obtained within the first 2 years of purchase. One question l guess it how long is it worth paying insurance cover for.

Seeing the above figure of approx. £510 does sort of answer my own question really, however your views are welcome.

SandC

I personally would never insure any household item for breakdowns. Far better to put a small sum away each month in a separate account for all such household emergencies.

I don't have a dishwasher anyway but even if my washing machine conked out completely, a) it only cost me £200 which I could find to get a new one if necessary and b) there's a launderette in the village. Same goes for all other kitchen appliances.

Think if you'd saved that money instead you would probably have been able to also upgrade some things as well as covering those emergencies.

Is the washing machine insurance separate or is this one policy that covers all your appliances?

dunstonh

I never insure domestic appliances. A local repairer can usually fix it if one does go wrong and the cost of these things new is largely disposable nowadays. Our dishwasher is now getting on for 10 years and its had two repairs for parts. Both of which cost under £50.

The money you save not insuring these things will buy you a replacement or two if needed.

davetrousers

paulofessex wrote: »

Purchased dishwasher in Dec 2003
Cost £169

l have paid £510 for insurance.

The answer is in the question.

paulofessex

davetrousers wrote: »

The answer is in the question.

Thats exactly what l was thinking after l typed it. Thanks all for your comments and views.

Newly_retired

The only item I think is worth insuring is my freezer, as it includes contents. I have had a replacement brand new one through the insurance. Also it is something I would not want to be without.

bouncydog1

We never, ever, insure domestic appliances. They all carry at least a 12 month warranty so we always try to find what we want at the cheapest price. Dishwashers are generally very reliable - best we ever had was a Bosch. When it went wrong after 13 years we had to scrap it because parts weren't available!

I usually buy a hotpoint machine because parts carry a 5 year warranty, but you have to gauge this against how much you can afford to pay for a new machine. If you have 4 callouts in year 2 thats around £200 - and you could put that towards a new one with a new warranty from the manufacturer.

PNPSUKNET

my dishwasher cost , £130 it was a seconds with a small side egg dent, should cost £300. domestic and general wanted near enough that for the warranty really not worth it. Dishwashers dont really have much in them that can go wrong