Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is £279.99 they say was £329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price £ 329.99 was £349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?
Many thanks,
Mick.

On Sat, 09 May 2009 16:14:52 +0100, Mick Cant wrote:

While most people do not like buying at Curries, they are near me and
have them in stock.

My main question is, it worth taking out the extra cover they will try
and sell me?


Rarely. Although if you read the section on 'Electricals Haggling' at
moneysavingexpert.com, they come up with some useful ideas. Apparently
there isn't much profit in the item itself at the big chains because of
the tight competition - but the warranties are the real moneyspinners.
The staff often have quotas of warranties to sell, hence the high
pressure sales push.

You have the legal right to cancel the warranty within 45 days (says the
site) so you could agree to take it out and use that as a bargaining chip
to get them to be more willing to reduce the price of the item. Or if you
do want a warranty get them to discount the warranty instead of the
appliance - £10 instead of £100 for the warranty has been mentioned.

I believe other insurers do separate warranties as well, which could well
work out cheaper.

Mick Cant wrote:
Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is �279.99 they say was �329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price � 329.99 was �349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?
Many thanks,
Mick.


Never. If you understand how insurance works, that will be clear. The
only things worth insuring are situations you couldnt deal with
financially if they went wrong, eg your house or life, and public
liability. The other risks you're better off taking.


NT

In article ,
"Mick Cant" writes:
Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is £279.99 they say was £329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price £ 329.99 was £349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?

Never.

Quite apart from insurance never being worthwhile, except for
situations you couldn't afford (like house burning down), the
extra warantee from retailers is usually duplicating the
manufacturers warantee, and duplicating your rights against
the retailer. With most of these schemes, you could put the
money in a savings account, and buy a replacement machine
with it in 5 or 6 years. If you decide you need extended
warantee cover, it's usually much cheaper to take up the
manufacturer's extra cover than the retailer's. The retail
staff are paid commission on their insurance sales, which is
why they're so pushy about them, and it's also a reflection
on the poor value they are.

You might be well advised to buy with a credit card too, as
it gives you some extra protection.

--
Andrew Gabriel
[email address is not usable -- followup in the newsgroup]

On 09 May 2009 16:46:03 GMT, Andrew Gabriel wrote:

extra warantee from retailers is usually duplicating the
manufacturers warantee,

'warantee' looks like the wreckage after 'guarantee' and 'warranty'
collided.

You probably meant warranty.

On Sat, 9 May 2009 16:14:52 +0100, Mick Cant wrote:

Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is £279.99 they say was £329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price £ 329.99 was £349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?
Many thanks,
Mick.

I figure that there is no point. Insurance basically takes money from lots
of people on the basis that only some will claim. I consider that we have a
number of electrical items in the home and only some of them will fail in
the near future, I may well be able to carry out repairs, but even if we
have to replace, we'll likely pay less than we would have done for
insurance policies on everything.

The one exception has been hi-fi equipment (from Richer Sounds) - for
instance I paid £18 to insure a £120 tape deck, this gave 10 years
warranty, free cleaning and head realignment throughout and a guaranteed
part-exchange price of £60 for the first five years.

SteveW

In article ,
Mick Cant wrote:

While most people do not like buying at Curries, they are near me and have
them in stock.

Worth having a look at the John Lewis website - if they have something to
spec then delivery is free (so not being local is a bit less of an issue)
and you get a free 2 year guarantee... possible compromise?

My main question is, it worth taking out the extra cover they will try and
sell me?

Personally, I wouldn't. But then I know someone who certainly go their money
worth out of an extended warranty on a hotpoint washing machine

Darren

In message , Andrew Gabriel
writes
In article ,
"Mick Cant" writes:
Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is £279.99 they say was £329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price £ 329.99 was £349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?

Never.

Quite apart from insurance never being worthwhile, except for
situations you couldn't afford (like house burning down), the
extra warantee from retailers is usually duplicating the
manufacturers warantee, and duplicating your rights against
the retailer. With most of these schemes, you could put the
money in a savings account, and buy a replacement machine
with it in 5 or 6 years.

Would you like to rethink that mantra ?


--
geoff

On Sat, 09 May 2009 17:13:06 +0000, Frazer Jolly Goodfellow wrote:
'warantee' looks like the wreckage after 'guarantee' and 'warranty'
collided.

I thought of some variant on sea cows :-)

wrote:
Mick Cant wrote:
Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is �279.99 they say was �329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price � 329.99 was �349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?
Many thanks,
Mick.


Never. If you understand how insurance works, that will be clear. The
only things worth insuring are situations you couldnt deal with
financially if they went wrong, eg your house or life, and public
liability. The other risks you're better off taking.


NT

Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.

Stuart Noble wrote:
wrote:
Mick Cant wrote:
Hi all,
I want to but a new Beko CDA563FW White 10.5 cu ft Frost Free Fridge
Freezer.
At Curries it is �279.99 they say was �329.99
This is the biggest volume Freezer (5.6 cuft) with the outside measurements
that will fit in my very small kitchen.
I have older separate Fridge and Freezer at the moment but want to make room
for a full size electric oven, the fridge is where the oven should be at the
moment.
The Oven I have chosen is a: Hotpoint EW50 Polar White 50cm Electric Single
Fan Oven with separate grill.
Curries price � 329.99 was �349.99

While most people do not like buying at Curries, they are near me and have
them in stock.

My main question is, it worth taking out the extra cover they will try and
sell me?
Many thanks,
Mick.


Never. If you understand how insurance works, that will be clear. The
only things worth insuring are situations you couldnt deal with
financially if they went wrong, eg your house or life, and public
liability. The other risks you're better off taking.


NT

Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.


Its very very simple. Lets look at what an insurance company does.
1. It uses its large database to assess the odds of a claim for each
item, and the mean value of a claim
2. These 2 are multiplied and charged to the customer
3. It works out its business expenses and divides it by the number of
customers - and charges all its customers.
4. It tots up its marketing budget, divides it among its customers and
charges them for it
5. It works out what the shareholders need to stay happy, divides it
among its customers and charges them for it
6. It works out its amortised buildings costs and divides it by the
number of customers - and charges all its customers.
7. It works out its required profit margin, and charges its customers
accordingly.

In reality there is no risk. We all know the appliance wil fail, its
just a question of when. And for domestic appliances, we can
reasonably conclude the owner expects to afford to replace it when it
does. Since the money is available, there is no real risk involved.

And really finally, its basic maths to work out the long term view,
take for example 20 years with a house full of appliances, plug in the
expected costs with and without extended warranties, and see which one
leaves you better off. The answer is evident, and its foregoing those
extended warranties.

Only someone that doesnt understand insurance would think such schemes
a good bet.

Since we have an appliances category in the wiki, and since buying
policies for appliances is already a well established part of the
wiki, maybe an article explaining this could go in.


NT

My main question is, it worth taking out the extra cover they will try
and sell me?

No.

You may find the the 'extra cover' actually overlaps the existing warranty.

The sales guy will pocket the first years premium and therefore cannot be
trusted.

The manufacturer (or their agent) will contact you before the warranty runs
out and offer you a better deal.

The appliance is unlikely to fail within the extended period - It will fail
after a few months or after *many* years.

It's a scam.

Al.

Owain wrote:
wrote:
Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.
In reality there is no risk. We all know the appliance wil fail, its
just a question of when. And for domestic appliances, we can
reasonably conclude the owner expects to afford to replace it when it
does. Since the money is available, there is no real risk involved.

Of course, not everyone *does* have the money available at short notice.

Thats due to 1 of 2 things
a) insufficient retained income
b) or poor management

b) is a decision to be foolish, which anyone can make if they choose.
Insurance won't save them from that.
a) is made worse by buying insurance, not better.
c) if money's that tgiht, it makes a lot more sense to get a 1yr old
washing machine with no guarantee.


But people who really need a washing machine etc should bear in mind
that additional warranty does not guarantee a prompt repair or
replacement. It may be far quicker and less hassle to phone up and get a
new one delivered next day, than go through the delay and inconvenience
of claiming.

Owain

not only that, on an essential-ish item like a washing machine, but
also you often find you end up having to pay _more_ to get it fixed
under warranty... parts free, but labour at premium prices.

Either way is a simple financial bet, and its an entirely one sided
bet.


NT

On May 9, 8:04*pm, Al wrote:
My main question is, it worth taking out the extra cover they will try
and sell me?

No.

You may find the the 'extra cover' actually overlaps the existing warranty.

True! I have been searching for a new washing machine for a few weeks
now before it becomes a necessary distress purchase as my existing one
may fail at any time. I've settled on a Siemens 8kg machine. If you go
to their homepage you'll find that this model has a 5 year parts/
labour warranty. Yet if you go into Comet etc, they won't tell you
this and will still flog you their own. John Lewis, to their credit
do have signs with the 5 year deal and will pricematch comet.

Of course, the Meile fanbase will say I should get one of their
machines....I have to say I'm very impressed how quiet they are on
spin!

Dave

Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.


Its very very simple. Lets look at what an insurance company does.

An insurance company does what any business does, tries to make a
profit. The silly part is allowing Comet or whoever to put their markup
on top of the basic premium.
I've been an AA member for 35 years, and haven't called them out for at
least 25, but I still regard it as money well spent.

"Mick Cant" wrote:

My main question is, it worth taking out the extra cover they will try
and
sell me?
Thank you everyone, I shall defiantly not be paying for any insurance.
or extra cover.
Mick.

Stuart Noble wrote:
Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.


Its very very simple. Lets look at what an insurance company does.

An insurance company does what any business does, tries to make a
profit. The silly part is allowing Comet or whoever to put their
markup on top of the basic premium.
I've been an AA member for 35 years, and haven't called them out for
at least 25, but I still regard it as money well spent.

I didn't know Alcoholics Anonymous did house calls?

:-)



--
Dave - The Medway Handyman
www.medwayhandyman.co.uk

On Sun, 10 May 2009 15:34:48 +0000, The Medway Handyman wrote:
I've been an AA member for 35 years, and haven't called them out for
at least 25, but I still regard it as money well spent.

I didn't know Alcoholics Anonymous did house calls?

They offer home delivery these days - get your alcoholic delivered
straight to your door wrapped in plain brown paper.

I think I was an AA member for about 7 years - in that time I had maybe 5
call-outs, every single one of them involving friends' vehicles (handy to
have when stranded in the middle of nowhere a basket-case Landy at
midnight on a cold winter's night, though :-)

These days I just haul enough tools and random spares around to fix *most*
stuff at the roadside.

cheers

Jules

On 9 May, 17:14, "Mick Cant" wrote:

My main question is, it worth taking out the extra cover they will try and
sell me?

When I bought my first Digital camera (£250 for 1MP!) from Comet (I
think) the deal on extended warranty for £75 was that I got it
reimbursed if I didn't claim. By the time the camera died, it was
possible to buy an identical replacement on eBay for well under £75,
or a better new one for not much more. So that's what I did, and
reclaimed my £75 at the end of the term. Comet never sent me a
reminder (I set my computer to tell me), so I guess they rely on most
people forgetting. Does anyone still offer a reimbursement deal?

Chris

In message
,
writes
On 9 May, 17:14, "Mick Cant" wrote:

My main question is, it worth taking out the extra cover they will try and
sell me?

When I bought my first Digital camera (£250 for 1MP!) from Comet (I
think) the deal on extended warranty for £75 was that I got it
reimbursed if I didn't claim. By the time the camera died, it was
possible to buy an identical replacement on eBay for well under £75,
or a better new one for not much more. So that's what I did, and
reclaimed my £75 at the end of the term. Comet never sent me a
reminder (I set my computer to tell me), so I guess they rely on most
people forgetting. Does anyone still offer a reimbursement deal?

Richer sounds

--
geoff

On Sat, 09 May 2009 20:25:42 +0100, Owain
wrote:

wrote:
Is this something else you understand but nobody else does? The
individual decides what's a worthwhile risk and what isn't. "Never"
doesn't come into it.
In reality there is no risk. We all know the appliance wil fail, its
just a question of when. And for domestic appliances, we can
reasonably conclude the owner expects to afford to replace it when it
does. Since the money is available, there is no real risk involved.

Of course, not everyone *does* have the money available at short notice.

But people who really need a washing machine etc should bear in mind
that additional warranty does not guarantee a prompt repair or
replacement. It may be far quicker and less hassle to phone up and get a
new one delivered next day, than go through the delay and inconvenience
of claiming.

Or fix it yourself (this being a DIY group).

With a domestic appliance I'd just buy the best brand you can afford
and forget the extended warranty. UK consumer law gives you quite a
few rights if things go wrong. Always pay with a credit card too.

--
(\__/) M.
(='.'=) Owing to the amount of spam posted via googlegroups and
(")_(") their inaction to the problem. I am blocking most articles
posted from there. If you wish your postings to be seen by
everyone you will need use a different method of posting.

On 09/05/2009 16:14 Mick Cant wrote:

My main question is, it worth taking out the extra cover they will try and
sell me?

Rarely. It's usually where they make their money.

If breakdown worries you consider putting the equivalent of the premium
into a high interest account (admittedly, something of a rarity
nowadays!) and then enjoy spending it and the interest when the time
comes to replace the fridge freezer through 'natural causes' rather than
because it's broken.

--
F