Sudden breaking down of electronic devices, gadgets and appliances can turn very nerve-wracking for users. The last-minute expenses, the lack of finding proper professionals to fix the products, the inability to figure out how to maintain the product are some of the concerns that could incur tremendous and unnecessary costs. However, with a little insight on doing things right by signing up for an annual maintenance contract (AMC) and even opting for an extended warranty or on-demand repair services, the savings would be ultimate, and the benefits would be immaculate.

Below are the top five reasons you should consider having an annual maintenance contract (AMC), extended warranty or an on-demand repair service:

Saves big and enables seamless budgeting: One of the significant benefits of signing up for an AMC or an extended warranty deal is that it helps ease the budgeting process. Unpredictable breaking down of appliances and consumer goods can turn a whole lot cumbersome on the pockets. However, with a proper budget set aside for an AMC or an extended warranty, you would not have to shell out extra money to maintain the appliances and equipment.

Prolongs the life of your appliance: Regular maintenance for appliances helps enhance the efficiency of the product. Hardware and consumer products do require regular servicing as the excess utilisation of these products leave them inefficient.

Hassle-free services: If you lead a busy life, it is quite challenging to look out for maintenance schedules -- and booking one too! However, with an AMC service provider or an extended warranty service provider, you will receive regular reminders of maintenance checks and servicing needs for the products for which you have drawn a contract.

At-home services: For certain large appliances, the service provider sends a professional technician home for repairs. You can rely on the service providers to take care of your products without being concerned about the quality of professionals who would be responsible. They also offer to get your device picked, repaired, and dropped at your doorstep.

Emergency support in times of requirement: When it comes to consumer appliances and products, often emergency occurs when you least expect it. When equipment breaks down or faces a crisis, looking for numbers to contact for professional help can get quite cumbersome. During these times, having an AMC or an extended warranty would be quite beneficial.

AMCs and extended warranty contracts are a great investment to avoid unforeseen expenses. Further, they also enable regular servicing of products to make life convenient and easier.

Mr Kunal Mahipal is the CEO of Onsitego, a leading provider of after-sales services in India.