Extended appliance warranty: is it worth it?

Buy a new device comes with a mixture of emotions. There is the excitement of owning a brand new device, the desire to use it, as well as the fear that the device will not last long. Now, this is where an extended warranty for household appliances comes in.

But what is an extended warranty?

This is usually a service contract that covers the cost of replacing or repairing a device in the event of a breakdown. You can buy extended warranties for different products. However, most people buy extended warranties for major household appliances, like stoves, refrigerators, washing machines, and dishwashers, among others.

Warranty extensions have different terms and conditions. Some warranties may be valid for only one year, while others may be valid for five or ten years. Plus, some extended warranties only cover repair costs, while others offer a full refund. However, the question arises as to what specific repairs cover the extended warranties and whether a customer has to pay any additional charges such as shipping costs or deductibles, or whether they themselves have the option of receiving this coverage. .

So what specifically do extended warranties cover?

Generally, extended warranties on household appliances cover damage caused by general wear and tear on the electrical and mechanical components of your appliances. However, it is important to note that an extended warranty covers specific devices. This means that you need to purchase a separate warranty for each device you have in your home.

Home guarantees, on the other hand, cover different types of appliances in your home with one policy. While you need several extended warranties to cover all of your appliances, a residential warranty covers all of the appliances in your home, including your pool, septic system, and well pump.

Now that you understand what an extended appliance warranty is, why should you get one for your precious appliances?

Helps you save money

Most appliance failures are an emergency. This means that you may not have the money to repair the device immediately after it breaks down. However, having an extended warranty for your devices helps avoid the stress and costs associated with repairing a damaged device. Thus, your damaged device will be repaired immediately at no additional cost, other than the monthly payments you make for the warranty extension.

Gives you peace of mind

An extended warranty for your appliances works like an insurance policy. And just like having an insurance policy, an extended warranty for appliances gives you peace of mind. Most people who buy extended warranties have expensive devices.

Thus, if the devices fail, the owners are protected against any financial loss. The experts of Appliance Repair in Tampa, Hartman say that an extended appliance warranty is useful when it comes to expensive appliances like HVAC and refrigerators.

There are no exceptions

Although most devices come with warranties, there is always exceptions to these guarantees. However, this is not the case with extended warranties for devices. Such warranties protect you from recurring repair bills if your device continues to break down frequently. This means that even if your device breaks down multiple times during the warranty period, your provider will cover all these claims and even offer you a refund for the purchase of a new device.

Access to a professional repairer

It doesn’t matter whether you purchase your extended warranty from a third party or from the manufacturer, you are assured of having access to a qualified technician in case your device needs repair. Your warranty service provider has access to professional technicians, whom they will contact to come and repair your device in the event of a malfunction.

Important points to consider

An extended warranty for household appliances incurs additional costs. Therefore, it is important to understand what you will get from your warranty before you buy it. With that said, let’s take a look at a few considerations to take into account before purchasing an extended warranty:

  • Does the device need to be repaired? Some devices rarely fail when kept in good condition. Therefore, you should investigate whether there is a substantial risk that justifies purchasing an extended warranty for your device.
  • What does the warranty cover? Most people tend to be surprised when they realize that an extended warranty does not cover certain parts of their devices. Some companies tend to use clauses that release them from any liability in the event that the user modifies the device or does not perform regular maintenance. It is therefore important to take the time to read the terms and conditions of the warranty before signing the contract. It can save you a lot of stress in the future.
  • How do you make complaints? Now, depending on the terms of your warranty, the store, a third party contractor, or the manufacturer can perform the required repair work. Therefore, it is important to know these details in advance.
  • Reliability of the service company – an extended warranty is as good as the company providing it. Most customers tend to buy extended warranties from retailers. However, some companies do not recognize these guarantees. So if you don’t know the reputation of the business or if you are unsure about sharing your credit card details over the phone, just steer clear of this business.

Final result

While it may cost you more, an extended appliance warranty can come in handy in the future, especially if you have an appliance that keeps breaking down. However, we cannot stress enough the importance of doing your research before purchasing your extended warranty. It can help you avoid falling into a trap and losing your money.

About Genevieve Swain

Genevieve Swain

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