New washing machine and lifetime cover

Scottishrob79

Bought a new washing machine from appliances online yesteday and about half hour later got a call from them to confirm the address and then the man told me about their lifetime (domestic and general) cover (the one that repairs your machine or a new one if they can't).

Now, I have no issue with D+G as their cover was very good on our last machine but can anyone tell me if its really worth taking out if I have a years warranty anyway???

InsideInsurance

Legally you can expect a "reasonable life" from your washing machine as per the Sales of Goods Act (max 6 years in England and Wales) though if it is dies after X years the retailer can deduct fair use from a cash settlement in the case of being beyond economical repair.

Its up to you to decide if the warranty is worth it for you or if it breaks in 2 years time would you rather just use it as an excuse for a new one

phill99

Work out the total premium cost over say the next 6 or 8 years. Something tells me it will workout at a very expensive way of buying your next machine.

Scottishrob79

The thing is surely for the first year I would be double covered? I know that you can cover from D+G at a later date, so would there be any point in having the cover in the first year whilst having a warranty?

Scottishrob79

phill99 wrote: »

Work out the total premium cost over say the next 6 or 8 years. Something tells me it will workout at a very expensive way of buying your next machine.

Its £5.99 a month, so not too bad (machine is £275)

Buzby

D&G also have a gotcha - THEY are the arbiter of when your property is at the end of its useful life, not you. So if a big repair bill is looming, try may use this excuse and refuse to pay.

In your shoes, I probably wouldn't take it, assuming it to be a good brand, and that you've searched for issues affecting the model.

Just_Some_Guy

£5.99 a month = £72 a year
£275 machine = about 3y 9m expected lifetime

Most machines usually live 5-8 years so it is a bit pricey for what it is but nothing to get too excited about.

To be honest the best kind of insurance against white goods failing is a savings account which you put a bit into each month. When the fridge/freezer/washer/dryer/dishwasher/microwave/etc goes, you just buy a new one.

rs65

Scottishrob79 wrote: »

Now, I have no issue with D+G as their cover was very good on our last machine but can anyone tell me if its really worth taking out if I have a years warranty anyway???

I have never taken out this type of cover but a friend who has 6 kids always has it on their washing machine (and it has been useful to them).

Regardless of the reasonable life point, this type of cover can get an engineer out to fix a problem which you could spend days/weeks/months arguing about with a manufacturer.

Personally, I would put £10 a month into a savings account and if anything happens to it after 27.5 months, you'll have enough saved to just replace it.

Scottishrob79

The £10 a month thing is a good idea. We'll be covered for the first year anyway with the warranty and after 12 months we're halfway to buying a new one

molerat

Every time you buy something new find out how much the warranty will cost and put it into a savings account. You will then have enough money to repair or replace the items when they fail and probably enough for a holiday into the bargain. You will be the winner instead of the insurance co.