A lifetime guarantee is a type of warranty that promises to repair or replace a product for as long as the original purchaser owns it.
In order for a lifetime guarantee to be valid, the company offering it must still be in business when the customer needs to use it. That’s why many lifetime guarantees come with caveats, like “as long as we are in business.”
Lifetime guarantees can cover just about anything, from electronics and appliances to clothing and home goods. And while they may seem like a good way to protect your purchase, there are some things you should know before you buy.
First, check the fine print. Many lifetime guarantees have conditions and exclusions that limit what they will and won’t cover. For example, some electronics warranties only cover manufacturing defects and not damage caused by normal wear and tear or accidents.
Second, keep your receipts! You’ll need them to prove that you purchased the item within the time frame specified by the warranty (usually one year). Otherwise, the company may refuse to honor the guarantee.
Finally, don’t assume that a lifetime guarantee means your product will last forever. In reality, most products only have a lifespan of about three to five years before they need to be replaced due to normal wear and tear. So while a lifetime guarantee can give you peace of mind, it’s important not to rely on it too much.