heres one for you - my tumble dryer is working fine, the only problem with it at the momnent is that on a certain cycle it makes a loud sound, but still works. Instead of calling out an engineer at �35 call out and �50 repair charges, plus hourly costs, what if I cover each appliance with a separate insurance cover (which I can), then after 2 or 3 weeks give them a call to say that my dryer is making a funny sound. Thus saving money on calling an engineer out. The terms and conditions state that each product must be in working order while the covber is processed. well...the dryer works fine. Even though its making a strange sound, it still works. So what are your thoughts? Give it a few weeks then call them?
Presumably the insurance is to cover the appliance because it's outside it's warranty period. In which case a fully encompassing parts and labour insurance would probably cost you more than the cost of the repair man.
I'd read the small print first though. Insurance companies are not stupid, and will have various exclusions etc in place to stop activities like the one you are planning.