Forum Home
PC World Chat
Thread ID: 110523	2010-06-21 01:47:00	extended warranties (Dilbert)	sroby (11519)	PC World Chat

Post ID	Timestamp	Content	User
1111909	2010-06-21 11:10:00	The margin of profit on an extended warranty for the likes of Harvey Norman et al is enormous - often a greater margin than the item itself by several hundred percent. It's easy money for them as it is very easy to prey on a customer's lack of confidence in technology and lack of knowledge of consumer law. The underwriters of the policy are playing a numbers game - sure, there will probably be some payouts, but the bulk of the premiums charged go straight to the bottom line of that company: pure profit. But then, that's insurance anyway isn't it? Definition of a scam: "Anything good that you're not in on yourself" Yeah, I suspect if they didn't sell extended warranties, they would either need to charge more for the items, or they may not survive.	robbyp (2751)
1111910	2010-06-22 07:40:00	And what model laptop. Some of the Toshibas have a 3 year warranty anyway, not that a toaster shop would tell you that. I've seen the small print in a desktop warranty. Excludes monitor, excludes, KB, mouse etc. Excludes this problem, excludes that problem. There was hardly anything left. Consumer Insurance are good about claims & what they cover as long as the toaster shop actually lets you start a claim. Extended warranties are technically useless, but has anyone tried getting something done under the CGA? For a lot of people it is worth the extra money to have their device covered without fighting tooth & nail for it.	Greven (91)
1111911	2010-06-22 08:29:00	Consumer Insurance are good about claims & what they cover as long as the toaster shop actually lets you start a claim. Extended warranties are technically useless, but has anyone tried getting something done under the CGA? For a lot of people it is worth the extra money to have their device covered without fighting tooth & nail for it. But as I said earlier the cost of the extended warranty is often more than the cost of the replacement parts.	mikebartnz (21)
1 2 3