Overview of the Consumer Electronics Extended Warranty
Consumer electronics extended warranty refers to the coverage for electronic devices beyond the standard manufacturer's warranty period. It helps protect the consumers against high repair costs of mechanical failures, electrical faults, or other covered issues after the original warranty expires. It is provided by manufacturers for smartphones, laptops, home appliances, and other electronic equipment. One of the major advantages of consumer electronics extended warranty is convenience. Consumers can find reliable repair services without paying high repair costs. Further, most warranty plans also provide access to authorized service centers and customer support. This ensures quality repairs and faster service. There is a surge in requirement for extended warranty coverage with increase in prices of electronic equipment. Modern electronic devices are difficult and costly to repair. Consumers can manage these expenses by opting for financia...