Insurance on appliances

Simon1973

I have Insurance on my Washing machine, Tv and cooker with Domestic and general i am paying over £20 a month but do i really need this insurance?

Chunks

Personally, although I always cover the contents of my house (normal house insurance) I have never bought extended warranty, ever. In my case, I am quids in.

Nile

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="forumteam@moneysavingexpert.com"]forumteam@moneysavingexpert.com[/EMAIL].

Helsen

I also have an extended warranty with Domgen. When I first purchased a property I got one for washer, cooker & fridge/freezer - ended up claiming after 2 years on F/F - got a new one, then again 18 months later. The other 2 warranties expired without a claim (both appliances still working), but gave me peace of mind when I was finding my feet with bills etc and building up savings. Depends what you have in the way of savings. Maybe put the £20+ in a separate bank account, would soon add up.

teakbank12

I'm awaiting arrival tonight of a £700 (approx) electric range cooker.
D&G have offered cover for £6-99 per month which they say covers all parts & labour.
As long as i keep paying the direct debit they'll repair the cooker.
If at anytime it cannot be repaired i've been assured they'll replace the cooker with the same spec or better.
It it worth having this policy as it is quite an expensive item, i'd not normally bother with a policy on any cheaper item (sub £300-500).
I have 14 days to cancel the ploicy when documents arrive.

McKneff

So you are going to be paying £6.99 a month for a year when its under guarantee anyway

teakbank12

I hear what you are saying but the policy is cheaper if purchased from new rather than at a later date.
I've purchased this cooker for £733 delivered when many other outlets are selling them at over £900!!
Going to have a good read through the docs when they arrive as i can stop the policy at any time, but it's peace of mind on such a large purchase.

InsideInsurance

Chunks wrote: »

Personally, although I always cover the contents of my house (normal house insurance) I have never bought extended warranty, ever. In my case, I am quids in.

It will not be covered for breakdown under your home insurance which is what extended warranties are there to cover.

The flip side of cause is if you have the protection of the Sales of Goods Act which means you are entitled to a "reasonable life" (up to 6 years) from the appliance and if you pay by credit card or visa debit then you can claim from either the retailer or the card company if it fails. Your legal expenses insurance may cover pursuing this if you come up against problems.

The challenge of this is of cause is defining what a "reasonable life" is for a particular item as it is not prescribed. Some will want to trade that uncertainty for the ease of an insurance policy, others would rather an extra £240 in their bank a year which they could simply buy a replacement item with if it broke down in 3 years time.

thenudeone

Simon1973 wrote: »

I have Insurance on my Washing machine, Tv and cooker with Domestic and general i am paying over £20 a month but do i really need this insurance?

A lot depends on the make and cost.
If you have a £700 Bosch washing machine it might be worth paying, say, £8 a month for a warranty; but for a cheap and cheerful £180 Tesco starter model it probably isn't worth it.

tulipchickuk

Hi all,
I need some advice please.
I have been paying domgen for over 7 years for my kitchen plan, and have claimed on it once - a new oven for which i contributed £30.
Now my washing machine/dryer has broken down and the part needed to repair it is obsolete. I waited for over a month for domgen to agree to replace it, and when they did make the offer, told me i would have to pay £408 towards it! i am quite frankly shocked as i expected them to carry most of the cost - what was the point of my making payments of £140 a year otherwise!
I currently pay £13.99 per month but they plan to increase this is Jan to 15.99.
I plan to call them on Monday,but in the meantime, would appreciate some advice, thanks,
Tulipchickuk
(below is copy of their email)
Thank you for your Email,

We apologise for any inconvenience caused, however we can't action anything without Zanussi giving us a write off report, It seems they have done that today.

We have written your appliance off today and sent out an offer letter to you, I can confirm that we are offering you a replacement ZANU Model No ZKN7147J at a cost to yourself of £408.98, this cost is based on full depreciation so we are liable for 30% towards your appliance.

If you need any further information then please call the Product Replacement Department

InsideInsurance

Many of these types of policies are not new for old after the appliance goes beyond a certain age. You need to check the terms of your policy and ensure the term exists and has been applied correctly. Check how much you can buy the appliance from elsewhere as often these sorts of places don't use the cheapest suppliers and you may be able to buy it yourself for less than your contribution