Why Buy an Extended Warranty
An extended warranty is a non-affiliated extension to your manufacturer's warranty offered by Manny's TV & Appliances Inc. We offer extra benefits like preventative maintenance, free replacement, no or low-cost repairs, and power surge protection. Items covered vary, but usually all appliances, grills, televisions, DVD/VHS recorder/players, and speakers have some sort of extra protection available.
Sensible Protection against Repair Costs
Your home systems and appliances won't last forever. In fact, the likelihood of failure in a given year is 68%, and homeowners spend an average of $700 each year on major systems and appliance repairs.
Manny's TV & Appliances offers affordable coverage that could save you thousands. The cost for just one repair can range from $65 to $2,000, and replacement costs average $1,085.
You can protect yourself against many of these financial risks with Manny's Home Appliance/Electronics Warranties.
Points To Consider
- Value of item being purchased
- Price of extended warranty
- Length of manufacturer's warranty
- Lengths of extended warranty and date coverage begins
Length of Warranty
Most manufacturer warranties come in two varieties: one year parts, 90 days labor for electronics OR 1 year's parts and labor for appliances. Knowing the length of the manufacturer's warranty is so limited an extra warranty is almost a necessity unless you just want to throw away your purchase when it breaks. Manny's extended warranty is almost necessary.
When Does Coverage Begin?
When looking at the length of the warranty in question, it's equally important to know when the extra coverage begins when the manufacturers warranty expires. While extended warranties are usually bought the day you buy your new electronics merchandise, Manny's TV offers extended warrant for your purchase anytime during the term of the manufacturer's warranty, meaning you can buy extra coverage the day your original warranty expires. Component warranty covers major products component for 10 years.
Value
Determining the value of an extended warranty is in the eye of the purchaser. For some, it offers security and peace of mind knowing their investment is protected long after the manufacturer's warranty runs out. Which is shorter than ever.
Price
A price for basic refrigerator is $129.95 for 5 years including the manufactures warranty and the average refrigerator service call with in the first 5 years of purchase is $225. Electronics are triple.
Risk vs. Reward
After reviewing all the facts surrounding your decision whether or not to buy an extended warranty, take a step back and look at the risk versus reward. What's the worst possible damage that could happen to your equipment, and you know the manufacturer are not stand by their product after their warranty expires? You have to ask yourself the 'what if' questions, and decide if the risk outweighs the reward or vice-versa.
Service Contract Terms & Conditions
1. Parties
The obligor ("Obligor") of this service contract ("Contract") is Federal Warranty Service Corporation, P.O. Box 105689, Atlanta, GA 30348-5689, except in Massachusetts where General Electric Company is the Obligor. The administrator ("Administrator") of this Contract is General Electric Company. The service performed under this Contract is provided through the Administrator or a servicer approved by Administrator. This Contract is insured by an insurance policy issued by American Bankers Insurance Company of Florida, 11222 Quail Roost Drive, Miami, FL 33157 ("Insurer"). "We", "Us", and "Our" mean collectively the Obligor, the Administrator, and the Insurer. "You" and "Your" mean the owner of the covered product who paid for this Contract.
2. Special Provisions
Note - Your Contract sales receipt and these terms and conditions, including the provisions, limitations, definitions and exclusions on the front and back sides of this Contract, constitute the entire Contract.
Subrogation - In the event We repair or replace any covered product due to any defect for which the manufacturer ("MFR") or its agents or suppliers may be legally responsible, You agree to subrogate and assign Your rights of recovery to Us. You will be reimbursed for any reasonable costs and expenses You incur in connection with the subrogation or assignment of Your rights.
3. Programs
The following programs are available. The program actually purchased by You will be specified on the Contract face:
Repair program - A covered product will be restored to normal operating condition after it has failed during normal single family household use, including failures due to power surges. The plan covers all labor and parts costs necessary to repair Your covered product for problems due to functional part failures and includes remote control replacement of comparable functionality once per Contract. Non-Repairable Products - If Administrator, in its sole discretion, determines that a covered product is not repairable, Administrator will replace the product with a product of comparable type, quality and functionality. This Contract is deemed fully performed by replacement of the product and the coverage provided under this Contract shall not be transferable to any replaced product, unless otherwise required by state law. All defective products will become the property of Administrator, should Administrator unilaterally elect to exercise its rights to the property.
Replacement program - Administrator will replace any product covered by this Contract that fails during normal single family household use. You will receive either a replacement product or a replacement voucher ("Replacement Voucher"), in Administrator's sole discretion. You will be required to return Your defective product, postage pre-paid by You, to a location specified by Administrator as a condition for receiving a replacement product or a Replacement Voucher. You will be responsible for packing the product in the original or comparable packaging to prevent further damage during shipping. You may be instructed to return the defective product to the retail dealer where You purchased the product. If Your covered product is found not to be defective, e.g. requires replacement of battery only to resume function, return shipping costs will be charged to You, cash on delivery. Upon replacement of the covered product or the issuance of a Replacement Voucher, this Contract is deemed fully performed as to the replaced product only and shall not be transferable to any replaced product, unless otherwise required by state law. The Replacement Program does not apply to digital cameras or digital camcorders.
a. Replacement Product -Replacement shall be with a product of comparable type, quality and functionality, and will be shipped to You, postage pre-paid by Administrator.
b. Replacement Voucher - If a Replacement Voucher is issued to You, its value will be equal to the original purchase price of the covered product. If the Replacement Voucher option is authorized, it will be redeemable only at the retail location where You purchased Your original covered product.
4. Product Coverage
The following products are eligible for coverage. The products for which You actually purchased coverage will be listed on the Contract face:
Major Appliances: Such as Washer, Dryer, Refrigerator, Dishwasher, Compactor, Oven, Range. Food Spoilage - You will be reimbursed for food losses resulting from the covered failure of Your refrigerator or freezer up to $100 per appliance over the life of this Contract; proof of loss required.
Other Appliances: Such as GE Water Softener, GE Undercounter Water Filter, GE Reverse Osmosis Water Systems, Vacuum Cleaners.
Major Electronics: Such as TV, VCR, Camcorder, Stereo, CD Player, Projection TV, Tape Player, DVD, Personal Digital Assistants (PDAs), Digital Camera, Digital Camcorder. Head cleaning - All costs associated with one annual head cleaning for VCRs and camcorders are covered on a carry-in basis.
Small Appliances: Such as toaster, coffee maker, bread maker, compact refrigerator, countertop microwave oven.
Digital Satellite Systems (DSS): Receiver Exchange, Antenna Dish, LNB. If receiver replacement is needed, You will be required to return the defective receiver to the address provided to You by Administrator. Administrator will cover all shipping and handling expenses.
Major Component: Such as Compressor, Washer Transmission, Magnetron, Picture Tube. If a specific component is listed on the Contract face, only the specified component is covered. Labor costs for the repair, replacement, and installation of that component are not covered.
5. Coverage Period
Your coverage begins and ends on the dates identified on the face of this Contract.
6. Location of Service for Repair Program
In-home Service - If "in-home" service is specified, service will be provided at the address identified on the Contract face. Periodically, Your product may need to be removed and repaired elsewhere but if required, pick-up and return expenses will be covered by this Contract.
Carry-in/Mail-in Service - If "carry-in/mail-in" service is specified, and there is a local servicer near You, You are responsible for delivering Your product to and from the authorized repair center. Some products, such as PDAs, digital cameras and digital camcorders, due to their sensitive technical nature, require the controlled environment of a factory authorized service center. We will provide instructions to mail-in these products to an authorized servicer for repair. Reasonable mail-in expenses to and from the service location will be covered by this Contract.
DSS Service - Some types of service will be provided in Your home. For other types of service, You will be responsible to remove and send the product to the address provided to You by Administrator and to reinstall the product. Administrator will cover all shipping and handling expenses.
7. If You Need Service
Call the telephone number displayed on the face of this Contract to schedule service. Service will be available during regular working hours.
8. Moving Your Covered Product to a New Location in the USA
You can change Your service address by notifying Administrator in writing at the address below.
9. If the Owner of the Covered Product is Changing
You can assign the product coverage to another person by notifying Administrator in writing at the address below and enclosing a check for $10.00 to cover processing and administration costs. The coverage will become effective when Administrator receives Your written notice and check.
10. Contract Cancellation
a. You may cancel Your Contract at any time for any reason - You must notify the retail dealer in writing. Include Your original Contract with the notification. The retail dealer will accept Your cancellation and determine the amount of the refund based on the calculation in subsection b, below.
b. Refund Calculation - If canceled by You, Your refund will be calculated as follows: (1) if Your Contract and cancellation notice are received within 30 days of the purchase date of this Contract, You will be refunded the full Contract price; (2) if Your Contract and cancellation notice are received after 30 days from the purchase date but before the effective date of this Contract, as indicated on the face of this Contract, You will be refunded the full Contract price, less an administrative fee of 10% of the Contract price or $25, whichever is less, unless otherwise precluded by law; and (3) if Your Contract and cancellation notice are received after the effective date of this Contract, You will be refunded a pro-rated amount of the Contract price, less any claims paid, less an administrative fee of 10% of the pro-rated Contract price or $25, whichever is less, unless otherwise precluded by law.
c. Cancellation by Us - If We cancel the Contract, for any contractual reason, fraud, misrepresentation or non-payment by You, return of premium will be based on 100% of the unearned pro-rata Contract price.