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Pennsylvania Department of Insurance
Pennsylvania Insurance Department Urges Holiday Shoppers to Understand Existing Insurance Coverage and Store-Offered Warranties
December 1st, 2010
When shopping for the holidays, it is important for consumers to understand their existing coverage for damage, theft or loss before buying extra protection at the check-out, the Insurance Department said.
Consumers should understand that a warranty is not insurance and does not cover damage in the way a homeowners or renter's policy might.
"Pre-holiday sales are a great time to find discounts on popular items, especially costly electronics, but it's equally as important to insure your investment," said acting Insurance Commissioner Robert L. Pratter. "Consumers should know what their existing insurance covers before purchasing additional protection, like...
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Source: Electronics Newsweekly (2010-12-01)