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But wait! Are you paying for something you already have?

Stores that sell ‘extended warranties’ are, more often than not, selling you something that you’re already entitled to under Consumer Law. You already have the right to “a repair, replacement or refund” as well as compensation for damages and loss (e.g. a broken fridge resulting in loss of perishable food) and the right to cancel a faulty service (e.g. a phone contract that doesn’t work as promised in the fine print), if the fault or defect manifests within the item’s reasonable lifespan.

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