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Warranty vs. Extended Warranty: What's the difference?
Should you pay for more protection? Understanding warranty coverage
Ever stood at the checkout counter holding your newly purchased smartphone and had the staff ever so sweetly ask, “Would you like to purchase an extended warranty to go with your smartphone for just Rs. 1749?” You hesitate, wondering if it’s beneficial for you or just a fad for the retailers to up their profits. Well, we have all been there. Deciding on warranties and extended warranties can be difficult if we don’t understand what and why are we purchasing them. So, let’s clear the mystery between warranty vs. extended warranty.
A standard warranty is usually a manufacturer’s promise to back the quality and authenticity of their product. You can think of it more as their vote of confidence in the products they have manufactured – at no extra cost to you. A standard warranty usually lasts from three months to one year for most electronic appliances; while some brand warranties may extend from two years to five years. So, what does a standard warranty cover? It majorly covers defects in the materials and workmanship of the product. For example, if your laptop’s keyboard stops functioning within a year of purchase due to a factory defect, you can get it replaced or repaired by the company free of charge.
Extended warranty: Protection beyond the basics
So what happens when the standard warranty expires? This is where extended warranties come into the picture. An extended warranty is a service contract or protection plan offered by the manufacturer, retailer, or even a third party. Unlike standard warranties, extended warranties are optional and come with an additional cost to your pocket – typically ranging between an extra 10% to 30% of the original cost. But here’s a fun fact: yes, extended warranties come with an extra cost, but they also offer extra benefits.
Make the right choice for your needs
The key difference between warranty and extended warranty boils down to cost, coverage timespan, and protection benefits. While a standard warranty usually comes free with the product, an extended warranty is an additional investment. It kicks in after the standard warranty expires, offering extra protection. So, when should you consider purchasing an extended warranty? It depends on your gadget or appliance.
For high-end gaming laptops and premium OLED TVs, investing in an extended warranty can be a smart move since these items are often manufactured with advanced technology and parts that may be too costly to fix or repair. You can also consider your everyday household electronics like the washing machine or refrigerator. While a standard warranty may cover your washing machine’s motor issues, an extended warranty will safeguard against damage in case of power surges. At first glance, extended warranties might not seem like a worthwhile investment. However, over time, they can be highly valuable - whether you're covering a small gadget or a major appliance. For instance, ZipCare Extended Warranties provide cost-effective protection even for budget-friendly devices and home essentials. From headphones to kitchen appliances, you’re covered - and what’s more, you can claim up to 50% money back in the form of exciting electronic gift vouchers (EGVs), adding even more value to your purchase. Once you understand these differences between a warranty vs extended warranty, you will no longer hesitate at the checkout counter. If you want to give your devices the protection they deserve, and yourself the peace you need, check the various ZipCare Plans online.