The short answer
You have statutory rights that last far longer than most extended warranties, and many are duplicated by a bank account or credit card you already pay for.
- The Consumer Rights Act says goods must be of satisfactory quality and durable. That covers faults that appear well after a one year warranty has ended, and the claim is against the retailer.
- Paying by credit card for anything between £100 and £30,000 makes the card provider jointly liable with the retailer.
- Packaged bank accounts often include mobile phone, travel and gadget cover that people pay separately for as well.
- Home insurance frequently covers accidental damage to appliances already.
What will ruin it
Extended warranties sold at the till are one of the highest margin products in retailing. Check what you already have before agreeing to one at the point of sale, when you have no time to look it up.
Why it works
Statutory rights cannot be signed away and do not expire on the anniversary of the purchase. The warranty is selling you something you largely already have, at the moment you are least able to check.
Tipking is general household information, not professional advice. Test anything on a hidden patch first. Full disclaimer.
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