It’s that time when major retailers mark the end of the summer season by slashing prices for Labor Day sales on consumer electronics and household appliances – everything from washers and dryers to refrigerators, ovens, smart TVs, tablets, and more. It’s a good time for consumers to remember that a service contract purchased now can save them hundreds, and even thousands, down the road – and can also save you a headache by covering repairs.
Service contracts, often known as extended warranties, offer protection for your expensive purchases, often covering repairs and replacement or providing more comprehensive coverage. Service contracts can be purchased at the retail store and usually include a cancellation period within which you can cancel the contract and receive a full refund. Or, if you didn’t purchase a service contract at the point of sale, you may be able to purchase one afterwards to protect your investment.
So as you join the smart consumers out hunting for the best Labor Day sales, be sure to make a service contract part of the purchase – there’s nothing like the peace of mind it will bring you.