Protection Plan for new washing machine?

wotnext

I'm after a bit of advice. I bought a new washing machine and received a call today from the company who I purchased it from, offering me a protection plan as complete cover for the washing machine. They said that it would cover any breakdowns and, if the machine could not be repaired the day the engineer came out, they would give me a new one.

It is only £6 a month and, as my machine is used a minimum 2 times a day due to having a large family, I am wondering if it would be a worthwhile investment and peace of mind.

Has anyone else taken out a similar plan?

karl-123

no stuff is that cheap nowadays, i just replace it,
however it sounds worth it to you, just dont get conned,

Sooki

No, the machine should be under manufacturers warranty and fit for purpose. Thats 72 a year! And under the warranty period is unessecary, If it can't cope with regular domestic washing within the warranty they should replace it, keep your receipts etc..

nickj_2

why don't you just save £6 a month for yourself - then you'll have the money either to buy a new machine or pay for any repairs

ic

How much did the new washing machine cost? Bare in mind that the £6 a month translates into £6 a month profit for the company. They know its unlikely it'll break in the period when they actually cover it as in the first year the manufacturer warranty covers it, and after that a machine should last a few more years. My own washing machine has been going strong for seven years now - so by now I would have paid out £504 - enough to buy two new washing machines...

27col

Do what nickj suggests, it's so obviously the way to go that I wonder why everyone does not do it.

macman

If you bought it from somewhere like JL, it already has a 2 year warranty. Why take out any warranty when you already have one for at least 12m?
You can buy independent warranties for less than half this price if you really want one.

iamcornholio

We've had a Hotpoint washer drier for about 6 years and I am glad I got the repair insurance (with D&G) when the initial warranty ran out

We've had loads of problems with it - the cost of which has exceeded our total monthly payments

Latest one, a few months ago it was a sensor and the display panel - about £130 worth of parts not including the labour ... and fixed within 2 days of my phone call

Our previous machine, a Hoover lasted for about 15 years IIRC, with only a replacement pump and motor .. which I replaced myself. And it was used daily, often a few times a day

So it may depend on the machine as to if its worth taking repair insurance out

ormus

and how much have you paid in premiums over those 5/6 yrs?

save the money and self insure. if the repair bill is too expensive then buy a new machine.

GlynD

Don't be tempted into the con because that's all it is. Just be determined to be a Money Saver if it does break down and insist upon your rights under the SOGA - that's all you have to do and it's FREE!

iamcornholio

Its probably about £230 or so in all for nearly three years of cover - the initial free warranty ran out after the first three years ... when nothing went wrong

We've had elements, pumps, electronics, sensors you name it go wrong

This model actually came with a five year parts warranty, but the deal was to use their own personnel for the labour cost - which would have worked out very expensive. So we took the insurance out with D&G instead