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Extended Warranty: Insurance in the Garb of Warranties?

Published on Fri, Oct 25,2013 | 17:59, Updated at Fri, Oct 25 at 18:05Source : 

By: Murali Neelakantan, Kaushalya Shetty & Nidhi Killawala, Khaitan & Co.

We have all, at some time or the other, been offered an extended warranty with the purchase of a product be it an electronic item, cable network or even a car and we would have to admit that we have been tempted by it. But how many of us stop to consider what an extended warranty is and how is it different, if it all, from any other product that helps mitigate risk at a cost, like insurance for example. This Article looks to answer those questions.


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