Archive for June, 2009

Jun 09 2009

What to Choose Between the Two Types of Warranties: Extended or Date of Purchase

Published by POM under Website Review

Extended WarrantyThe information highway has provided several options for people to do business. Nowadays, almost everything can be sold online. The main issue that merchants have is that very few individuals trust merchants especially for high end products like electronics and gadgets. It is a challenge for merchants to provide warranty more than what the actual manufacturer can provide.

 Keep in mind that there are two types of warranty for purchased products. The first type is the extended warranty and the second type is the date of purchase warranty. There are differences in these two types of warranties as far as coverage and time lines are concerned.

 An extended warranty is also called a service agreement warranty. This is the type of warranty that is offered by the product manufacturer to consumers. Normally, this type of warranty ends after the manufacturer warranty. This type of warranty is mostly applicable to consumers who bought the product form retailers. They are expected to go to the manufacturers’ repair centers to have their products repaired, checked, or simply cleaned.

 The date of purchase warranty, as opposed to extended warranty, only begins at the date of the purchase as implied by what it is called. The trouble is that it may seem you have purchased a date of purchase warranty but in reality, you purchased only lesser than that. Let us say you bought a date of purchase warrant for 5 years. In reality, one year is a manufacturer warranty so you paid only four years for the price of five. In short, you have been duped and you will only get four year of coverage instead of the original five years that you paid for.

 To avoid having these issues on extended warranty and date of purchase warranty, there are now warranty programs and companies that offer real warranty programs to consumers and retailers as well. Most of these warranty programs are extended warranties, not date of purchase warranties. Consumers are then protected from bad products and wrong expectations.

 

Visit http://www.WarrantyFeed.com for more information

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