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  • FIRST POST
    • Annie1960
    • By Annie1960 19th Mar 17, 3:23 PM
    • 2,676Posts
    • 1,494Thanks
    Annie1960
    Appliance Insurance/extended warranty
    • #1
    • 19th Mar 17, 3:23 PM
    Appliance Insurance/extended warranty 19th Mar 17 at 3:23 PM
    Normally I don't buy any extended warranty or appliance insurance. However, I'm renovating and will be replacing most of my appliances (American Fridge-Freezer, washing machine, cooker, extractor, dish washer, tumble dryer, new TV, vacuum cleaner etc).

    Is there any policy I could take out that would cover all items for around five years, as it may be worthwhile doing this? In particular, the American F-Fs seem to be liable to breaking down early.
Page 1
    • molerat
    • By molerat 19th Mar 17, 5:23 PM
    • 18,602 Posts
    • 12,749 Thanks
    molerat
    • #2
    • 19th Mar 17, 5:23 PM
    • #2
    • 19th Mar 17, 5:23 PM
    http://www.money.co.uk/appliance-insurance.htm
    https://www.domesticandgeneral.com/multiplan

    I would work out how much one of these plans is going to cost and put that away monthly in an interest earning account. My money would be on you being able to have a nice holiday in 5 years time
    www.helpforheroes.org.uk/donations.html
    • paddyandstumpy
    • By paddyandstumpy 19th Mar 17, 5:25 PM
    • 1,034 Posts
    • 510 Thanks
    paddyandstumpy
    • #3
    • 19th Mar 17, 5:25 PM
    • #3
    • 19th Mar 17, 5:25 PM
    The MSE answer would be to put the amount you'll pay per month into savings for the next 5 years, if you'd pay 15 per month that's 900.
    • teddysmum
    • By teddysmum 19th Mar 17, 8:03 PM
    • 9,039 Posts
    • 5,387 Thanks
    teddysmum
    • #4
    • 19th Mar 17, 8:03 PM
    • #4
    • 19th Mar 17, 8:03 PM
    If you buy your tv from Richer Sounds, you'll get a free 6 year warranty.


    In the case of other items, if they fail after the guarantee period, you may be able to argue that you should expect a longer trouble free life and get a cut price repair/replacement. However, we have lots of large appliances and gadgets and only the aircon unit has failed within an unacceptable time (18 months, but with little use, due to its purpose; full refund given).


    Another point is that a 5 year extended warranty is not that, as this 5 years overlaps the manufacturer's own warranty period, so for product with 2 years manufacturer's warranty, you only get 3 years for your extra payout.
    Last edited by teddysmum; 19-03-2017 at 8:07 PM.
    • Annie1960
    • By Annie1960 19th Mar 17, 8:56 PM
    • 2,676 Posts
    • 1,494 Thanks
    Annie1960
    • #5
    • 19th Mar 17, 8:56 PM
    • #5
    • 19th Mar 17, 8:56 PM
    http://www.money.co.uk/appliance-insurance.htm
    https://www.domesticandgeneral.com/multiplan

    I would work out how much one of these plans is going to cost and put that away monthly in an interest earning account. My money would be on you being able to have a nice holiday in 5 years time
    Originally posted by molerat

    I had no idea it would be so expensive! I was thinking along the lines of when you buy something in Argos and they ask you if want to pay 10 for insurance, but obviously major appliances are much more expensive.
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