A relative buys from Richer Sounds, says good prices and good
warranties. Believe when he buys an extended one he gets money back
if he does not make a claim.

That is not how insurance works.;-)

"It's insurance Jim but not as we know it"?

Richer Sounds have for years now offered "Supercare". If there's no
claim after 5 years they refund the original payment. Of course they
have had the use of the money in the meantime (while inflation erodes
its value to the buyer). I assume they make their profit from that
(much as eg Lloyds underwriters used to).

And I think it is not strictly an insurance scheme: the whole thing is
run by Richer Sounds and they are not regulated by the FSA. So no
government bail-out if 100,000 TVs go pop
--
Robin
PM may be sent to rbw0{at}hotmail{dot}com