amenities in the insurance policy:
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2.2 Repair costs
We afford the insurance case, compensation for necessary repair costs of an insured device, up to the amount of the fair value of the instrument according to section 2.4, on the basis of:
Material defects,
Design errors,
Manufacturing defects,
Workshop errors.
The repair costs include the costs of parts, labor, salary and travel expenses of the repairer in the required and actually incurred amount.
The travel expenses incurred are only for large electrical appliances (eg. As washing machines, dryers, dishwashers, refrigerators, freezers, cookers) refunded. Repair
Costs and travel expenses are only reimbursed if they were carried out by a specialist workshop.
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In the product description is:
"The repair / adjustment is free for you. You have no deductible."
Something is it not ...
What does this mean (in truth)?
The cost of repair or compensation for total loss depends on the purchase price. According to the conditions of insurance can I get in three years max. Reimbursed 80% of the purchase price of the machine.
In the 4th year max. 60% and at the 5 year and the following max. 40%.
Ie at a price of 250 I get reimbursed in the 3rd year max 200. Now costs the repair 400, the insurance contributes only 50% of the costs (said 200, 80% of the purchase price).
In the 4th, it would be only 150, and in five years the 100th
Let's go from the fall of that in a 5 year repair amounting to 400 is due, is my own contribution 300, ie 50 more than the purchase price.
Now is something of economy in the conditions and to obtain an equivalent machine.
What if I do not want to have repaired the purchase price no equivalent machine or the machine?
This then decides the insurance.
So altogether, with little damage to the pro rata fair value (80,60 or 40%) might be worth the purchase. But if you still pulling the price of insurance into account, it makes sense in most cases.
So will surely pay the insurance and hopes that the buyer does not read the insurance conditions exactly. Actually, a case for the protection of consumers, because in the product description is not about the fact that the cost of repair also depends on the value.
I will cancel the purchase in any case within the 14 day period !!!