We all rely on machinery and appliances; from straightforward products such as irons and toasters, to complicated equipment such as computers and cars. Whilst a breakdown can merely be annoying, sometimes it can cause you real inconvenience, and may result in significant expense.
Any new product is required by law to work, and the manufacturer or retailer will usually guarantee it for a period of time - generally a year.
An extended warranty is a type of insurance that covers you for repair costs after this guarantee has expired. We take a look at the two main types of cover you may be considering investing in: general household items, and motor warranties.