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Warranty & Extended Warranty: What is It, How It Works & Its Importance
11 January 2023
2 mins read
2 mins read
Why Getting A
Warranty Is
Important
For You
Warranties provide an extra layer of protection for important purchases. Here’s everything you should know about them!
What Is A Warranty & How Does It Work?
A warranty is a manufacturer’s guarantee that something will work as intended for a specific time. In the event of a defect, a warranty protects you from having to pay for the repair or replacement.
For Example
You order an expensive vacuum cleaner online. When it arrives at your house, you find the vacuum nozzle has cracked during shipping.
If the vacuum came with a warranty, the manufacturer will either replace the nozzle for you or exchange the first vacuum cleaner for a brand new one.
Should I Get An Extended Warranty?
Often offered as an option during purchase, an extended warranty basically extends the original manufacturer’s warranty beyond its default period. This means you get to enjoy coverage for defects or damage for a longer period of time.
However, extended warranties usually carry extra charges. Here’s how to tell whether those extra charges may be worth it:
- How likely is it that the product will need repairs? How much would these repairs roughly cost?
- How long will the extended warranty last?
- What is the cost of the extended warranty in relation to buying a new product?
- Is the manufacturer offering the extended warranty trusted?
Based on the answers, you should have a clearer idea of the extended warranty’s value.
Protect Your Purchases Today
Not all products need a warranty, but when it comes to electronic goods, you should definitely secure one. AIA and Shopee’s Extended Warranty Programme ensures that the electronics you buy online are protected for an additional 12-month period once the existing manufacturer warranty expires.
Happy shopping!
REFERENCES
https://www.investopedia.com/terms/w/warranty.asp
https://www.businessinsider.com/how-to-understand-warranties-2013-8
Why Getting A
Warranty Is
Important
For You
Warranties provide an extra layer of protection for important purchases. Here’s everything you should know about them!
What Is A Warranty & How Does It Work?
A warranty is a manufacturer’s guarantee that something will work as intended for a specific time. In the event of a defect, a warranty protects you from having to pay for the repair or replacement.
For Example
You order an expensive vacuum cleaner online. When it arrives at your house, you find the vacuum nozzle has cracked during shipping.
If the vacuum came with a warranty, the manufacturer will either replace the nozzle for you or exchange the first vacuum cleaner for a brand new one.
Should I Get An Extended Warranty?
Often offered as an option during purchase, an extended warranty basically extends the original manufacturer’s warranty beyond its default period. This means you get to enjoy coverage for defects or damage for a longer period of time.
However, extended warranties usually carry extra charges. Here’s how to tell whether those extra charges may be worth it:
- How likely is it that the product will need repairs? How much would these repairs roughly cost?
- How long will the extended warranty last?
- What is the cost of the extended warranty in relation to buying a new product?
- Is the manufacturer offering the extended warranty trusted?
Based on the answers, you should have a clearer idea of the extended warranty’s value.
Protect Your Purchases Today
Not all products need a warranty, but when it comes to electronic goods, you should definitely secure one. AIA and Shopee’s Extended Warranty Programme ensures that the electronics you buy online are protected for an additional 12-month period once the existing manufacturer warranty expires.
Happy shopping!
REFERENCES
https://www.investopedia.com/terms/w/warranty.asp
https://www.businessinsider.com/how-to-understand-warranties-2013-8
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