ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Sofa Stains Top the List of Furniture Fails in New Survey

photo

SPONSORED CONTENT -- (StatePoint) Perhaps you’re better off not taking that new sofa out of its plastic wrap. Sofas, couches and loveseats top the list of furniture most likely to be damaged, according to the latest survey on furniture damage from Allstate Protection Plans. What’s worse, more than half of furniture purchases were damaged in the first two years!

A whopping 174.8 million Americans have damaged furniture, and 61% of accidents occurred in the first two years of ownership.

Here are insights from this survey, along with information on what consumers did to repair, replace or hide damage:

Failure Frequencies: When asked which furniture was damaged most recently, 40% of Americans said sofas, couches and loveseats. People spent $299 on average repairing or replacing them. And 17% of accidents happened in the first six months after purchase.

Drips and Rips: Spills and stains were the leading cause of damage, accounting for over half (55%). Rips and tears were second (25%). Juices accounted for 25% of stains, while people and pet stains accounted for 21%.

Four Legs Versus Two: Surprisingly, pets and children were less likely to be responsible for damage than adults. Forty-five percent of adults blamed spouses for damage, with children responsible for 34%. Dogs were twice as likely as cats to cause damage.

Dealing with Damage: Forty-three percent of people tried to fix damage themselves, while 38% kept using furniture despite damage. Twenty-three percent hide it, with 14% replacing items and 4% repairing them.

Fear of Fancy Furniture: Over a third (36%) avoided buying high-priced furniture for fear of damage. While 54% were aware protection plans can cover sofas, only 31% understood they can cover beds, and just 12% knew they can cover area rugs.

Preventive Measures: Thirty-eight percent of Americans have covered furniture with towels or sheets, 29% have used slipcovers and plastic covers, and 20% have used stain prevention treatments. Just over a fifth (22%) currently have a protection plan or extended warranty for furniture.

“While people are used to protecting electronics, many don’t know they can protect furniture too. It gives you peace of mind, knowing expert help is there when you need it,” says Jason Siciliano, vice president of marketing and creative director at Allstate Protection Plans.

To protect furniture, the experts at Allstate Protection Plans recommend:

Clean Regularly: Dust and dirt buildup can cause scratches and abrasions, or worse. Cleaning is important for high-traffic items like area rugs.

Use Coasters and Mats: They can prevent rings and stains from moisture and heat.

Invest in Protective Covers: For both indoor and outdoor furniture, especially high-use pieces, covers can help.

Rotate and Rearrange: Rotate cushions periodically to distribute weight and wear.

Control Environmental Factors: Regulate temperature and humidity. Close curtains or blinds to stop fabric or wood from fading in the sun.

Consider a Protection Plan: The coverage can include accidental damage, stains and structural issues, and protect your financial investment.

More tips and information are available at www.allstateprotectionplans.com.

Since we’re only human, stains and damage will happen. With a few simple steps you can rest easy when sitting on that new sofa.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.