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Robert[_18_] Robert[_18_] is offline
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Default Extended warranty (EW)

On Mar 23, 12:42 pm, wrote:
On Sat, 23 Mar 2013 04:43:38 -0700 (PDT), Robert



wrote:
On Mar 22, 6:52 pm, wrote:
On Fri, 22 Mar 2013 15:26:51 -0700, Oren wrote:
On Fri, 22 Mar 2013 17:15:00 -0500, "HeyBub"
wrote:


nestork wrote:
In the case of hot water heaters, the manufacturer will encourage the
plumbing companies that sell it's heaters to offer an extended
warranty.


That's because they know that it's seldom that anything goes wrong
with their heaters during that first three years, and so it's not
exactly a "gamble" to warranty the heater for that extra time.


I bought a mouse pad at Best Buy. The clerk offered me an extended warranty
for only a quarter.


I passed.


When a clerk ask if "would like" an EW, I say "maybe". Pull it out and
let me read it first. Folks behind me roll their eyes.


The clerk never has it for me read. Shucks.


Why would a water heater extended warranty have anything to do with
the first 3 years when it comes with a 6 or even 9 year warranty?


The manufacturer's warranty usually only covers the item itself. The
labor to install/replace it is not covered. Extended warranties
sometimes
cover both parts and labor. One has to read it to know what it
actually covers. The labor often costs more than the item. For
instant, the thermostat on the defrost coil of a refrigerator.......
The part is $8, the house call is $75, as an example.....


And the refrigerator is upwards of $2000.

Many "extended warranties" only cover the parts too.


Actually, the cost of a part like a defrost thermostat, a VERY likely
failure, is about the same for a $300 or a $2000 fridge. Of course,
if one doesn't know how to remove a screw, slip off the old therm,
slip in the new one, and replace the screw, the $75 is a good deal.

My point was that the "labor" and "house call" may not be covered
under the warranty. It's a good idea to check for "parts AND labor"
and "carry-in" versus "house calls", if one is considering a
warranty coverage.

For those of us that can use the internet to order parts, and have
the knowledge to do the repair, a warranty may not be worth it.

On the other hand, things like laptop computers and HDTV sets
which are fairly complex to replace the parts into, even if one knows
exactly what's wrong, may give cause for buying a warranty.

It just depends ..... on who you are... and what you want to buy...

OHH !! And pay by credit card. Often that extends the warranty
automatically by a year ..