An extended warranty is an arrangement under which a customer pays a fee in return for another person (the warranty provider) agreeing to repair or replace (or cover the cost of repairing or replacing) parts or components of goods in the event of defects in, or failure of, those parts or components.
You should obtain your own legal advice about whether a particular extended warranty amounts to a facility to manage a financial risk and/or a contract of insurance.
An extended warranty is an arrangement under which a customer pays a fee in return for another person (the warranty provider) agreeing to repair or replace (or cover the cost of repairing or replacing) parts or components of goods in the event of defects in, or failure of, those parts or components.
You should obtain your own legal advice about whether a particular extended warranty amounts to a facility to manage a financial risk and/or a contract of insurance.
