Warranty V/S Extended

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Warranty VS Extended Warranty Have you ever
wondered about difference between a Brand
Warranty and an Extended Warranty? Well, it's
time youll know it now! Consumer buys Electronic
Goods and Digital Products from a retail or an
online shop. These products or device comes with
a standard 1-year brand warranty from the date of
purchase. Standard Warranty is a drafted
assurance by the brand or a manufacturer on the
product sold by them. The warranty comes with
defined service terms and conditions by brand in
case of product malfunctioning. An Extended
warranty is an additional warranty given to the
consumer after the brand/manufacturer/seller
warranty expires. The extended warranty can be
offered by the third party, brand, or seller
itself. Extended Warranty Usage Scenarios - A
consumer buys a HD LED for Rs. 50,000 which he
shall be using it for minimum 3-4 years. This
LED comes with a standard 1-year brand warranty
which shall cover electrical and mechanical
malfunctions for a year. But what after the brand
warranty ends? What about the high repair cost
and damages cover? In this case, an extended
warranty comes into picture. After the brand
warranty expires, the extended warranty will
cover the service terms against the damages for a
plan period purchased by the consumer.