Curry's TV Insurance

JS28

Hi All,

I bought an 32' LG SMART TV for £349 in January 2013 from Currys. I also bought an insurance with it which is £4.00/month.

I was wondering if there is a point of me keeping this? My TV is still okay nothing has happened to it.


What are your views on this?

Thank you

InsideInsurance

Its not insurance, its a care plan, DSG spends a lot of money to ensure its not insurance.

For me it wouldnt be worth while at £50 a year given its a £350 TV but ultimately your choice

Twiglet21

I never ever ever ever pay for these type of care plans or insurance schemes when buying a electricals. The likelihood is that you have home and contents insurance especially if you have a mortgage which means your television is covered under that policy and you do not require one soold to you by currys. The other side to me is also a bit of a risk taker and when it comes to things like televisions I anticipate that by the time I would need to make a claim on such a policy a better television would be available that I would probably be looking to upgrade to any way meaning the 4 pounds a month has simply gone in the pockets of the company and I have had no benefit

[Deleted User]

It's a total and utter rip-off, absolutely not worth it. Cancel if you can. Just get home contents insurance, it will cover everything including the TV.

InsideInsurance

DELETED USER wrote:

It's a total and utter rip-off, absolutely not worth it. Cancel if you can. Just get home contents insurance, it will cover everything including the TV.

Other than warranties cover breakdown which Home insurance doesnt

katejo

I never buy these. If a fault develops in the 1st year, you are covered anyway. After that it is unlikely.

[Deleted User]

InsideInsurance wrote: »

Other than warranties cover breakdown which Home insurance doesnt

Sale of Goods Act covers that. EU minimum is two years on electrical items, but under SOGA a TV would normally be expected to last at least 5 years for a cheap one and 10 for an expensive one.

SuperHan

DELETED USER wrote:

Sale of Goods Act covers that. EU minimum is two years on electrical items, but under SOGA a TV would normally be expected to last at least 5 years for a cheap one and 10 for an expensive one.

Wrong.

No EU warranty in the UK, SOGA only

There is no time for expectation, it's on a case by case basis. It's unlikely a court would rule on that long though, it's probably be less.

Good luck trying to get a result after 10 years. Although SOGA gives 6 years from the fault, you'd be hard pressed to get anything 6+ years from purchase.

nobbysn*ts

DELETED USER wrote:

Sale of Goods Act covers that. EU minimum is two years on electrical items, but under SOGA a TV would normally be expected to last at least 5 years for a cheap one and 10 for an expensive one.

SOGA is not enforceable to any great degree. You could argue your tv should last 5 years, but as most manufacturers offer only one or two years warranty, and even as technology moves on, prices are getting cheaper, you could expect to change it sooner, so you can also expect it to be built down to the price. 'Things aren't what they used to be'

[Deleted User]

SuperHan wrote: »

Wrong.

No EU warranty in the UK, SOGA only

Wrong.

EU directives require a 2 year warranty on all electrical goods. UK law must incorporate that. It was decided that SOGA already met this requirement, and courts have been enforcing it as such.

[Deleted User]

nobbysn*ts wrote: »

SOGA is not enforceable to any great degree.

Really? You might want to tell Martin that.

It doesn't matter if the manufacturer doesn't think it should last that long. It's what the courts decide, and on a moderately priced television it is well established that 5 years is a reasonable time to expect it to last.

Of course, if it fails after 4 years you might only get 1/5th the cost refunded, but that's fair enough. Thanks to EU directives the replacement/full refund period is now two years as well, again regularly enforced by the courts.

Extended warranties are a rip-off, the law protects you from failures and home contents insurance protects you from accidents already. The tiny amount of extra protection from the extended warranty is never worth the cost.