Wednesday, November 30, 2016

Extended Warranties

Except for large screen televisions that are difficult to schlep to a repair place and an extended warranty will include pick-up and delivery, we are not fans of extended warranties. The one item consumers often cover with an extended warranty is cellphones. Because we are not fans of such extended warranties, we have not poured the resources into evaluating of alternatives as we typically do in making a recommendation. That said, if you are considering an extended warranty on a cellphone, consider the following: look at the alternatives from the manufacturer, the provider/retailer, and third-parties; look not just at the nominal cost but the coverage; look at the deductible; look at whether a replacement will be a new device or refurbished device; and look at the fine print.

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