Should I accept the offer.?

[vivandorron]

Today I have taken delivery of a new Fridge/Freezer and the firm of Hotpoint has offered me an extended two year guarantee for parts and labour in the sum of £69. (3yrs in total) Consequently, I am in a dilemma, bearing in mind that a single 'call-out' can exceed £100.

I have always taken the view that if an electrical item survives 12months it can go on indefinitely; as was the case with my original 'Hoover' f/f which lasted for 28yrs....Full story:-

http://www.theanswerb.../Question1106279.html

Ron.

[rockyracoon]

How much was the FF to start with?

[ChuckFickens]

"I have always taken the view that if an electrical item survives 12months it can go on indefinitely; as was the case with my original 'Hoover' f/f which lasted for 28yrs"

Well that's hardly "indefinitely!... but yes, I tend to agree with you, most electrical stuff these days goes wrong quickly if it's going to.

[buildersmate]

Fridges, freezers and the combination are about the most reliable domestic appliances there are - unless one buys a mickey-mouse brand - which you haven't. That is why it costs relatively little to purchase an extended warranty.
All there is to go wrong in a fridge/freezer is one (or two) electric motors with compressors attached to the shaft(s). Not like your average washing m/c with their multiple motors, valves, timers etc.
For peace of mind you may wish to do this, but I reckon that are poor value for money.
My beer fridge (kept in the garage) has been going since 1983 - it was once our domestic fridge.

[bigbadmarty]

Certainties in Insurance :
1 If you insure an item it will not break down until 24 hours after the policy expires .
2 If you don't insure it will break down immediately

[sunny-dave]

Yep - agree with your original thoughts Ron - actually if it makes it past about 3 months then you're usually OK.

[vivandorron]

Total purchase cost plus delivery (Hotpoint FFA52) and old item taken away £319.99.

Chuck I get the impression you would suggest that I Insure for £69. but the buildersmate appears to be thinking more along my lines.:-)

I like bigbadmarty's reasoning and am agreeing with what sunny-dave has said.

Further advice is welcomed.

Ron.

[Prudie]

If it was something that does tend to develop faults like a washing machine I'd take them up on it but not for a fridge/freezer as they don't break much. Bear in mind this will become an annual event - after 4 years you will have paid about the price of a new one anyway so personally I wouldn't bother.

[vivandorron]

Prudie, I have you listed as one of my AB friends so please say nothing further about washing machines. Viv keeps wondering how long our 8yr old machine is going to last. :-)

Nevertheless I am agreeing with what you say.

Ron.☺☺☺

[d9f1c7]

Well I never take out these. They are incredibly expensive and they'll usually find a way of not paying and modern equipment is pretty reliable anyway, so if it survives the manuafacturers guarantee then it'll go on a lot longer. It always makes me laugh when they sell you this stuff on reliability then when you agree to buy it they suddenly start trying to sell you extended guarantees! PMSL!

[Nosha123]

i never take these out. Consumer law states an item must be fit for purpose. W £400 fridge that dies after just 18 months can be replaced by manufacturer under sales of good act. Cant remember where I read it.. but know its true.. Try watchdog site maybe?

[vivandorron]

My thanks to all who contributed to this thread.

Your views and advise have been contributory to my final decision...
NOT to extend the guarantee.

Ron.

[whiskeryron]

Ron. Have a read of this & do some more research if you think it's worth it. Personally I would be inclined to keep the extra cash back ( having spent £320) but of cause you will make up your own mind on that decision.

http://www.thisismone...pers-get-refunds.html

Ron.

[JonnyBoy12]

The only advice I can give you here is to buy a good make, not a "mickey mouse" brand as one person has menioned here. Also when buying a freezer you must think big as you can always fill up more space than you think. Buy the biggest and best you can afford in short.

Hope this helps.

[vivandorron]

Hi Ron....A very interesting article which ties-in with what Nosher said.

Hopefully JonnyBoy, I have bought a good make; although I doubt that it will last as long as my old one.

Ron...(the other one.)

[whiskeryron]

Just another quick thought. Whatever the cost of extended warranty keep money & put in separate bank account & hopefully over time you will accrue enough to buy new F/F in years to come.

Ron.

[vivandorron]

Hi again Ron.....I am a smoker and have already worked-out that one packet less per week of ciggies would pay for a new fridge; if it fails after it's guarantee period of twelvemonths. However, I am now going along with your earlier posting and will pursue European legislation if things go wrong.

Your namesake....Ron.