Any product bought in today’s day and age is backed with a warranty, especially when consumer durable products. Say, your new air conditions or refrigerator, or even mobile for that matter, all have manufacturer’s warranty. It can range between three months to five years based on the product and the manufacturer. But what about the expenses once this period ends? Any repair costs after this period of warranty needs to be borne by you.
Wouldn’t it be handy if coverage for these additional expenses was available? Extended warranty insurance is the product you need!
Using extended warranty insurance, any costs of repairs required after the initial purchase are covered by the insurance company. At times, replacement required due to manufacturing defects is also included in its coverage. Below mentioned are some of the advantages of extended warranty insurance –
Affordable premiums: Repairs to your home appliances are not simple. They require trained professional and specialised tools for its repairs. These costs of repairs can at times burn a hole in your pocket. With an extended warranty general insurance cover, you no longer need to worry about these expensive repair costs. Moreover, genuine spares are used in its repair at authorised service centres only.
All-round coverage: Extended warranty benefits include all-round coverage for your devices and appliances. Any costs required in the replacement or repairs including labour charges are covered by this insurance cover.
Coverage amounts up to invoice value: With extended warranty cover, the coverage is offered right up to the invoice value of the product. With such enhanced coverage, it ensures you get the most benefits of your home appliances simplifying your life. The only caveat for this insurance coverage is the appliances need to be used as per the its intended use as specified in the usage manual.
Flexible tenure: Based on the usability of the products and terms of insurance contract, you can opt for varying tenures for such insurance coverage. Based on your intended use, you can accordingly purchase an extended warranty insurance for it.
Repairs for any number of times: There are cases where one issue is resolved, a new one crops in. With an extended warranty cover, you need not worry about these repeated repair costs. Generally, this policy covers the cost of repairs for any number of occurrences within the policy tenure. No longer you need to worry about repeated breakdowns causing financial inconvenience.
Nationwide network and doorstep service: Leading insurance companies that offer extended warranty insurance have a nationwide network along with doorstep service. Even if you relocate cities, you need not worry about the coverage no longer being valid. All you need to do is inform your insurer and update your communication details. Also, for large home appliances like refrigerators and air conditioners, it isn’t possible to carry it over to the service centres. The doorstep repair facility comes handy at such times.
So, the next time you purchase a home appliance, make sure to buy an extended warranty insurance plan for it. Not only it makes repairs a breeze, but also relives you of other financial stress when it comes to expensive repair costs. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.
