Appliance Breakdown...
 

[Closed] Appliance Breakdown Insurance, waste of money or good idea?

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The warranty on our dishwasher has now run out and I received a policy offer in the post
for 12 months breakdown cover for £71.88.

I think these policies are not worth it, but the wife thinks we should take it.

Who's right?


 
Posted : 13/02/2014 2:25 pm
 br
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Obviously you've not been married long...


 
Posted : 13/02/2014 2:26 pm
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How long have you had it and how much would it cost to replace?


 
Posted : 13/02/2014 2:28 pm
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Ha Ha!

It'll be twenty years in September 😀


 
Posted : 13/02/2014 2:29 pm
 irc
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It depends on the appliance and the price. I think fridges, freezers, dishwashers, TVs are pretty reliable. I don't insure.

We use our washing machine every day. It has more moving parts.

£71 sounds pricey though. I boufght a John Lewis own brand washing machine. Free 3 yr warranty. I extended it to 5 years for £75.


 
Posted : 13/02/2014 2:30 pm
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To some extent it depends on what is covered. Not much point, unless if covers all the things that are likely to go wrong.

How 'essential' is a dishwasher? If the dishwasher packs up, just wash-up.
You could just stick a £10/20 a month into a savings account and use it to buy new appliances when they pack up.

If I had young children and an old washing machine, I would perhaps consider a warranty on that. But not on a dishwasher.

My parents last dishwasher was about 18 years old when it packed up. My sister has had the same dishwasher for about 12 years and our current dishwasher is 3 years old (didn't have one before that)....


 
Posted : 13/02/2014 2:31 pm
 kcal
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Right? that's a good one!

on a serious note - our kitchen stuff is now all 7-8 years old. f/f, d/w, w/m.

The only item that's needed attention in that imd has been w/m, where the bushes wore out and needed fixed. Was £80 for local repair guy.

£80 or so for a year is steep, I'd have said. Couple of years - three tops - and you've paid for cost of brand new one??


 
Posted : 13/02/2014 2:39 pm
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It's been worth it for me but as a landlord it's a claimable against tax.

I've had about 4 callouts in 3 years on 2 appliances (all about 7-8 years old) in my flat.


 
Posted : 13/02/2014 2:51 pm
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a waste of money


 
Posted : 13/02/2014 2:52 pm
 Yak
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Not worth it. If you did that on everything, it'd would be a ridiculous amount of money that could be better spend elsewhere. Say you've got 6 appliances, then that would be £432 a year! Might as well buy a new white good item per year and use the change on beer/drugs for all the value that's offering.

It [i]might[/i] breakdown, but if it does, you've got a likely one-off fix cost of about the cost of 1 years insurance. If you are half-handy, you can buy replacement parts for most appliances for peanuts nowadays, so the fix cost could be even cheaper.


 
Posted : 13/02/2014 2:53 pm
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massive waste of money at that price

I'd have to think long and hard about £10 a year to insure the dishwasher tbh


 
Posted : 13/02/2014 2:53 pm