Honest opinions about how to buy Appliances and Lighting.

Friday, September 05, 2008

Extended Warranties

Interesting article in The Journal today about extended warranties


GE is selling their extended warranty business to an insurance company Assurant. Although the basic math behind an extended warranty is simple, smaller payment to avoid a theoretical larger payment later. It seems to be a hot button topic with consumers.

MY Take:

A. Never be bullied into buying a service plan. Many companies require their associates to sell a certain percentage of their products with warranties

B. NEVER buy a service plan from a company that does not have an actual service company. How will this product be fixed without actual repair people.

The math works in theory. Just insure the actual service does

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