Should you get extended warranty on appliances?
Yes, an extended warranty is worth it in many cases.
A prolonged warranty offers assurance and keeps you from spending money in the event of an unexpected breakdown. But the condition is based on what you are really buying, and how long you are going to be using it. If you believe you require long-term cover, then go ahead and think about this. Let’s break it down to know if you actually need an extended warranty.
What is an Extended Warranty?
A majority of the appliance brands in Canada offer a one-year warranty. If something happens after the end of the warranty, you are responsible for all the repair or replacement charges
But if you have purchased an expensive appliance, then an extended warranty can be your savior. Once the original warranty expires, the extended warranty steps in. This covers all your charges of repair and replacement, even for mechanical and electrical failures.
When is an Extended Warranty worth it?
Extended warranties are valuable if you have purchased an expensive model of an appliance. If your refrigerator compressor stops working after 2 years. In this case, you have to pay $400 to $600 out of your pocket, which is much more than the cost of the extended warranty itself.
Secondly, if you live in a province where unstable weather is a common scenario, your HVAC systems may be affected easily. So, here you can reap great benefits from this warranty.
When extended warranty may not be worthy?
If you're purchasing an entry-level appliance or you replace them often, an extended warranty may not be worth it. Low-end models usually cost roughly the same to replace as to fix. Likewise, if you pay with your credit card, see if the card already offers extended warranty protection — many Canadian cards automatically double the manufacturer's warranty.
You may also like: A Complete HVAC Maintenance Checklist for Homeowners in Canada
What to Look For?
Before joining, review the fine print. Many companies provide a warranty on the parts of the appliance. So, you may not get your labour charges covered. Some policies may exclude damages caused by accidents. Your policy may not cover a few brands either. So it is safer to go with a plan that offers 24/7 support, on-site service, and no hidden fees.
Is an appliance warranty worth it?
Do you hate costly surprises? Do you like to get your repairs covered hassle-free? If this sounds like you, then investing in an extended warranty will be a smart decision. But, if you prefer low to mid-range models or prefer to change your appliances often, then save that money for future upgrades.
Last Updated:
Jan 22
Comments
Based on 10 comments
- ut-5433842233
Apr 21
604-505-4338 can you try to text me. My address is 1028 Barclay Street Vancouver
- ut-5433842233
Apr 21
Yes that is the cell I sent a message to. It says delivered
- kwynelectricalservices522815
Apr 21
i will send you an email with company info and breakdown of the quoted price.
- kwynelectricalservices522815
Apr 21
Hi, My name is Kelly Wynne-Sills. I wanted to take a moment to introduce myself. I am a Licensed Electrical Contractor (Contractor Licence #7018340) and a Master Electrician. I complete all work safely, in full compliance with the Ontario Electrical Safety Code, with ESA notification and inspection arranged when required. I am fully insured and covered by WSIB for your protection and peace of mind. I pride myself on transparent pricing and take the time to clearly explain the scope of work before starting, so there are no surprises. If you have any questions or would like to discuss your project, I’d be happy to connect. Email: kwynelectricalservices@outlook.com Thank you, Kelly Wynne-Sills KWYN Electrical Services LTD.
- adrian.z.builds417953
Apr 21
I have not received your text yet. Please make sure you send to my number which is 6043410944
- ut-5433842233
Apr 21
I just sent you a text message. Thanks!
- adrian.z.builds417953
Apr 21
I can schedule you for tomorrow at 5 PM. Please text me your address. Thank you
- adrian.z.builds417953
Apr 21
Hi
- asfaw.taye.pro518946
Apr 21
No problem
- ut-23760216656
Apr 21
Sorry I need someone who can do the drywall as well.
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