3 ms·

But how much does the insurance cost? Are you positive this insurance, over the years, is cheaper than what you would have paid Miele directly?

traceroute66 5y ago
> But how much does the insurance cost? Mine is about 350 a year, but they work out a rate per-appliance and then give a discount on the total, so you can pay more (or less) depending on how many appliances you cover. > Are you positive this insurance, over the years, is cheaper than what you would have paid Miele directly? Absolutely. A Miele call-out will set you back 150 call-out + 100/hour, plus parts on top. Or (if Miele agree) you can pay a "fixed-price" 300 which covers parts and labour (but again, this is subject to Miele's agreement and that agreement is given on a per call-out evaluation). And as I said, one of my Miele appliances is 10+ years old, they've been back a good few times replacing increasingly major parts each time, so now the only thing 10+ years old about it is the external casing ! Even if I bought the "official" Miele parts myself, I value my time at greater than zero ! So its still cheaper than me buying the parts and spending a half a day pulling out appliances and fitting parts. And given the price of new Miele appliances, its not exactly like after 5 years I could afford to replace everything with brand new appliances, since that would cost A LOT more than 350x5.
- TylerE 5y ago
  Begs the question of why you keep buying Miele. I've had exactly one home appliance failure in the last 10 years - an old fridge that finally died.
- deleted 5y ago
  [deleted]
- throwawayboise 5y ago
  And yet, on average, the insurance company must be making a profit on their Miele policies otherwise they would not sell them or would not stay in business. It sounds like you have a lemon appliance and were fortunate that you had the insurance.

3 ms·

But how much does the insurance cost? Are you positive this insurance, over the years, is cheaper than what you would have paid Miele directly?

by bombela 5y ago

traceroute66 5y ago
> But how much does the insurance cost? Mine is about 350 a year, but they work out a rate per-appliance and then give a discount on the total, so you can pay more (or less) depending on how many appliances you cover. > Are you positive this insurance, over the years, is cheaper than what you would have paid Miele directly? Absolutely. A Miele call-out will set you back 150 call-out + 100/hour, plus parts on top. Or (if Miele agree) you can pay a "fixed-price" 300 which covers parts and labour (but again, this is subject to Miele's agreement and that agreement is given on a per call-out evaluation). And as I said, one of my Miele appliances is 10+ years old, they've been back a good few times replacing increasingly major parts each time, so now the only thing 10+ years old about it is the external casing ! Even if I bought the "official" Miele parts myself, I value my time at greater than zero ! So its still cheaper than me buying the parts and spending a half a day pulling out appliances and fitting parts. And given the price of new Miele appliances, its not exactly like after 5 years I could afford to replace everything with brand new appliances, since that would cost A LOT more than 350x5.
- TylerE 5y ago
  Begs the question of why you keep buying Miele. I've had exactly one home appliance failure in the last 10 years - an old fridge that finally died.
- deleted 5y ago
  [deleted]
- throwawayboise 5y ago
  And yet, on average, the insurance company must be making a profit on their Miele policies otherwise they would not sell them or would not stay in business. It sounds like you have a lemon appliance and were fortunate that you had the insurance.