|
|
Article: Gambling on A Service Contract; The Cost Can Be Considerable, But Invaluable If You Have a Lemon
- Article from:
- The Washington Post
- Article date:
- October 20, 1988
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Almost every new home appliance or electronic apparatus you buy
comes with a limited warranty for parts and labor. The duration of
warranties varies, as does the coverage for certain parts and/or
labor that may or may not be included in the manufacturer's terms and
conditions of purchase.
If the new product breaks down within the warranty period,
assuming reasonable care and handling, usually you can return it to
the dealer to be repaired-so long as you have the original receipt or
other proof of purchase.
But what about after the warranty expires? Dealers often offer
service contracts or extended warranties as "insurance policies"
against equipment failure. And many consumers are ...