Brits spend £750million a year on appliance insurance / warranties – but they are on the whole a total waste of of your money
a study found that five-year extended warranties — sold to cover the cost of repair or replacement should the item break — can come to more than TWO THIRDS the price of an appliance. And some brands only have a one in 33 chance of ever breaking down.
Which compared five-year warranties for washing machines, TVs and fridge-freezers being offered by major UK electrical stores. They also discovered the likelihood of each brand's different products breaking down by quizzing 10,000 members on the reliability of their appliances.
A Bosch washing machine at Comet costs £342 and a five-year warranty £170. Yet only one in eight of the manufacturer's products has packed up within five years.
A Sony Bravia 40in LED TV costs £799 at Currys with a five-year warranty priced at £269. After five years just three per cent of Sony devices will have broken down.
on the whole --- poor value, most extended warranties are.
The Financial Ombudsman Service said it had received 895 complaints about warranties over the last year, with 69 per cent of those being upheld.
No comments:
Post a Comment