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Davey Davey is offline
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Default Thoughts on Extended Warranty

On Mon, 9 Jan 2017 04:38:59 -0800 (PST)
wrote:

On Monday, 9 January 2017 12:27:43 UTC, Davey wrote:
We have a Hotpoint Dryer, six years old, and which was 'Fixed' under
the free Prevention of Fires plan, some months ago. It works fine,
but is now in what I would call the 'risky' part of its life cycle.
I have received an offer from Hotpoint for an Extended Warranty,
which would cost me £5.15 per month, for a contract period of one
year. It allows for a replacement of the machine if it breaks down
and cannot be repaired. So far, so good.
But it states that, if it is replaced, at Hotpoint's discretion,
then not only does the warranty cease, which is fair enough, as the
new machine will have its own warranty, but that I would also be
liable for the unpaid remaining months of the contract period,
which seems daft. If I am not being covered, why should I pay?

Any thoughts, for or against? I can see that it is a contract, but
the replacement of the machine would surely break this?


What does a new machine cost, and how long should it last? How much
is that per year? This policy is £66 a year, undoubtedly more
expensive.

People should learn basic maths.


NT


I had already assumed that any such warranty was more likely to benefit
the company offering it rather than me. I have no intention of taking
it up, I was mainly interested in the part about the requirement to pay
unpaid premiums if they replaced the machine. I think Mike has the
correct answer.

--
Davey.