If you have recently bought a new item, such as a computer, television, or any other item for your home, you may be considering purchasing an extended and accidental warranty. Although it may seem like a great way to protect your purchase, it is important to consider whether or not you really need it. You may be better off purchasing a traditional manufacturer’s warranty, which will provide coverage for the item and its parts. However, you should note that an extended and accidental warranty usually costs more than a traditional warranty, and you may be charged extra for your item’s repairs.
Manufacturer Warranties do not Cover Accidental Damage
There are a few reasons to purchase a warranty. For starters, the warranty will ensure that your gadget stays in working order. However, it doesn’t cover the whole gamut. While it may protect you against major manufacturing defects, it won’t cover things like normal wear and tear, cosmetic issues, or even natural disasters.
One thing you may want to look for is the warranty’s claim to fame. It’s likely to be the manufacturer’s most ambitious effort. This might be a limited three-year protection plan, or a comprehensive four-year package. If you don’t have a particular need for this type of coverage, you might be better off buying the product on its own.
Most manufacturers offer a standard Accidental Warranty Protection. This means that the manufacturer will cover most of the problems that can occur with the device. However, it doesn’t cover things like transmission failure or cosmetic issues. A warranty is also not likely to cover damage incurred by mishandling or failure to follow the manufacturer’s recommendations.
Coverage is Offered on New Items
The standard Extended warranty plans provided by the manufacturer of an item is often enough to protect the device, but it is not always comprehensive. In order to be sure that your device is covered, consider buying an extended or accidental warranty. This plan offers additional features and benefits that are not covered by the manufacturer’s warranty.
The Bottom Lines
Many retailers and large mobile and computing companies offer this type of coverage. It is also available from some telcom carriers, and is offered as an addition to a standard manufacturer’s warranty. Depending on the plan, you may be able to purchase in-store replacement or reimbursement. You will usually pay a deductible.
There are many factors to consider when deciding to purchase an extended or accidental warranty. For example, some may exclude commercial use or “acts of God” from their coverage, and others may only cover damage due to manufacturing defects.
