INSURANCE

Extended Warranty Insurance

What is an extended warranty?

Extended warranties are insurance policies that you can take out for your car or home electrical equipment after the manufacturer's warranty has expired. An extended warranty will cover the cost of labour and parts in the case of an unexpected failure in the item covered. This helps you to avoid unexpected repair costs throughout the year, helping you to manage your money better. An extended warranty from a third party is often cheaper than extending the warranty directly with the retailer at the time of purchase, as retailers will take a cut of the warranty premium. If you're looking for cheaper extended warranties, then BeatThatQuote.com has the answer.

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Car warranties

Most cars come with a 3 year manufacturer's warranty, although some parts are not covered for the full 3 years. With any number of things that can go wrong with your vehicle each year, extending car warranties further can make great financial sense and avoid unexpected repair costs. Good car warranty insurance will also cover you for wear and tear on covered parts, and for damage caused to insured parts even if uninsured parts should fail and cause them damage. You should also receive a financial contribution should you need to rent a car, take another form of emergency transportation or stay over-night in a hotel.

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Home appliance warranties

Some of your household electrical appliances will not really need extended warranty cover, since the cost of replacing them is so small. However, given that your washing machine will typically need repairing an average of 3 times over if lifespan, spending a little extra on an extended warranty can be a real benefit.

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