Do you purchase protection insurance on appliances etc?
Babs Fla
7 years ago
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maifleur01
7 years agoBabs Fla
7 years agoRelated Discussions
Do you purchase appliance warranties?
Comments (18)I did for my Maytag Baravos washer as I had issues with it from day one. It took about 3 months for them to figure out the problem and once they did, I did not have any more problems within the first year. I have had once since then when DH left a nail in his pocket and it got caught somewhere and damaged something. I had renewed it up each year up until this last time - the cost kept getting higher and higher - $250 a year this last time. I have been battling with Samsung over our fridge. We didn't get the extended warranty but I did register it and that gave us an additional 3 months. Started having problems during that time and they did continue to replace parts after that time. However, it never was fixed and now they are renigging on their buy back offer. I have sent a registered letter with all the documentation to the President of the company and will wait another week or so to see if I get any response. If not, I will have to consider taking some other action. We replaced the fridge with another Samsung (may live to regret that) but we did get the 5 year extended warranty from Lowes for $150.00 Couldn't pass that up, even if I don't ever use it, it was a peace of mind issue after all we have been through. Plus, Lowes gave us 10% back because of a small dent in the back edge of the fridge. That more than covered the cost of the warranty. Remember, register your appliances and you will get an additional 3 months - at least with Samsung and GE, you do. Write down the Warranty number they give you - you will need it if you have to use it....See Moremortgage protection insurance (again)
Comments (9)A properly-valued life insurance policy will function in part as your mortgage-replacement insurance, your credit-card insurance, your installment-debt insurance, etc. However, most life insurance policies do not cover disability, which is a far more likely occurrence over your career than death. If you cannot work at your job, what could you do which would earn you enough money to continue to pay your bills? Some workplaces offer disability insurance, either paid for by the company (rarer and rarer) or as a group policy for its employees. The thing to watch for there is "own occupation" -- cheaper disability-insurance policies will only pay you for your disability if you are unable to perform any job (even filling boxes on an assembly line or stuffing erasers on pencils) -- regardless of whether the income that new job provides remotely resembles your old income. In that case, you probably qualify for SSDI anyway. So, if you go for disability insurance, make sure it covers your income for the kinds of jobs you have been educated to do....See Morewhat do you know about long term care insurance
Comments (52)gibby -- There was a reduced-benefit clause in the LTC policies we took, too. I was wrong when I wrote that we took them 15 years ago. It was 20! Also, we had to pay in for TEN years, not TWO, to (possibly) get something back. We'd paid in $11,000 in premiums at the end of ten years. This was a group LTC policy from Hancock, offered to us by my DH's then-employer. After ten years we became eligible for reduced-amount benefits. Each policy will pay $45/day for *skilled nursing care*, to a lifetime max of $82,000. The verbiage on any other type of care is obscure with lots of hoops and mazes. Looking at it now, I think we will have aided tbe taxpayer -- seems to me these benefits would reduce the cost of our care to Medicare. If I'd had any doubts about problems collecting on the policies, they were sustained when it took me six months to get a letter from Hancock stating that each of us had actually qualified for this reduced-benefit coverage. We eventually received single-page letters, undated and without signatures, with a lot of 'may qualify' and 'could be' phrasing. Their legal department could send us packing without breaking a sweat. Our situation is different than yours as to probable need for the policy. I'm glad you'll take that opt-out clause. You might want to see a letter stating exactly what YOUR reduced benefits will be, specific to YOUR policy and YOUR premiums, before you sign up....See MoreWill appliance with no UL listing really void insurance?
Comments (6)I have never had a claim investigated or denied in the 30-plus years I have had Allstate homeowner's insurance. Granted, I have only turned in 3 or 4 claims, but one of them was a real doozy. The hot water supply hose to the washing machine broke while we were out of town and ruined the entire 1st floor wood parquet flooring, the baseboards, some of the furniture, and the lower 1/4 of the drywall. We decided to replace the parquet with high quality carpeting and Allstate's agent agreed to pay for everything we asked for without even coming out to the house to check on the extent of the damage. I found out later that the carpet cost Allstate less than replacing the oak parguet flooring would have cost, so maybe that's why they agreed on the carpet so easily. I wouldn't worry about buying a UK appliance unless Allstate has recently changes it's claim settlement procedure, but you might want to check with your own insurance agency before you install the cooktop just to be sure....See MoreJim Mat
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