Insurance Of Course

[Connemmara]

Have been paying right enough £6.00 insurance a month for TV that I bought perhaps 2-3 years ago and also same for cooker which would be a year and half.

Now when I enquired ages ago I asked Currys - oh how long would the insurance last and they told me for as long as I want to pay it.

Knowing that electrical items don't last too long now - I am figuring out -should I put the £12 a month towards replacements when the time comes along - if the said items last for a long time I will be paying insurance for a long time too. What do you think. Thanks for any advice.

[gingejbee]

"complete waste of money" - that's the opinion of Which?
And, electrical items like TVs, are MORE reliable now than they have ever been.

[2sp_]

I have gone down that route, Connemmara.

I was paying about £20 a month for the dishwasher, washing machine and tumble dryer.

I figured that if something broke down after the first few years I would be able to replace it for the same money I had forked out for insurance.

[EcclesCake]

Insurance on domestic appliances is a fools game as far as I'm concerned.

Putting the money in a pot towards replacement is a much wiser approach, IMHO.

[ummmm]

I agree with the above.

We were paying insurance for our phones and one one of them broke they found a get out clause.

[AlwaysConfused]

I've rarely bothered with insurance, a rip off in my view. A rep asked me a while ago 'what what you do if you broke it?' (it was only a PAYG mobile), my simple reply was 'buy a newer, better one with the money I'll save on not paying out for insurance'

[boxtops]

We cancelled all our white goods insurance as they come up for renewal. In the first year or so you're covered by warranty anyway. If things go wrong, the thing that's happened is always not covered by the insurance....

[gingejbee]

Of course, the sensible thing is to buy wisely in the first instance- get the best possible warranty included at the start.
For example, our TVs have 5 year warranty (included at John Lewis) and the Miele washer has a 10 year full manufactures warranty included.

[Connemmara]

boxy - didn't realise I could be under "contract" - when thinking of stopping it - taking TV & cooker for eg £144 a year x 3 years - £432 - could have bought a new TV - yea - going to look into that and get it cancelled.

[pixie373]

Completely agree with the others. I prefer to save and know i have it than to rely on an insurance payout.

[2sp_]

Also, if you put the money aside you can just go buy a new one when the old one dies, rather than have the hassle of going through the insurance company who will send someone out to assess the machine and then spend weeks debating about fixing or replacing!

It's a con. I cancelled my insurances and had the sales rep on the phone basically telling me I was an idiot as "anything" could happen to my appliance! I've never had any problems and if I do, I'll either get an engineer to look (OK, probably look myself or get Mr P on the case), or go and buy a new one.

Save your cash, by the time the manufacturers warranty has expired you would be able to replace it anyway.

[Bazile]

On a similiar subject - what are your thoughts about cover for central heating /plumbing / electrical .

[Connemmara]

thanks Bazile - have great workers, nephew is a plumber - fella lives behind me a very attentive electrician - next door neighbour is a builder - can turn his hand to anything. Also have a great boiler service man.

[Connemmara]

A bit of an update - went online to my account - and was able to get reference no for said items. Thought I would have to go through insurance companies etc - but direct debit is actually coming from Currys - should be no problem getting cancelled should there?

[2sp_]

Conn, you should have a policy or some sort of documentation for the insurance. There will hopefully be a phone number you can call. You might have to wait until it's due for renewal (usually the policy is renewed every 12 months), but call them and ask to cancel.

Don't let them talk you out of it!!

[Bazile]

thanks conne .

I was however muscling in on your thread and asking if folk here think that cover for the things i mentioned was a good idea :-)

[2sp_]

I'm very lucky as my (late) Dad was very handy, and Mr P is also very good at fixing stuff. We also have quite a few plumbers, electricians and builders in the family and friends circle.

I've also been known to give most things a go if they are acting up. Wouldn't touch gas though - don't want to blow the house up!

I don't bother with any insurances for gas, plumbing etc, but I can see how they might be a benefit to some.

[Connemmara]

An update - I do what I am told - went up to Currys there now - the fella told me I had to ring insurance companies - told him I am partially deaf - so he phoned insurance companies and got them cancelled - way hay!. Insurance company said I will receive a letter confirming the cancellation. Thanks for your advice again.

[boxtops]

Re the other query - I've got cover for drains and a deal with a local plumber to see to my boiler annually. Before you go buying extras, take a good look at your home insurance policy though - sometimes there are add-ons which could take care of some of these things.

[Connemmara]

boxy are you talking about contents - need to look that up - but I think I will change from the one I am with which is based in England to Belfast one as I can have direct contact when mortgage is settled.

Also another Op made me very aware of buildings insurance as that could stop when I have settled mortgage. Two important things I need to remember - come August/September. My memory used to be great but is sliding down the hill a bit. May pin a reminder here in the computer or even on the computer.

[friedgreentomato]

I do have insurance for my washing machine and in the past year I have had over £300 of repairs for £117 insurance policy