Why you need extended warranties on electronics, appliances and smart devices
I bought around a $4,000 LCD TV in 2013, and the LEDs went out, and then the mainboards fried in 2018. I spent the extra $250 for a six-year extended warranty on the TV.
This warranty was one of the BEST things I EVER DID, I called the warranty company, and they sent someone to get the TV and fix it. They even offered to bring me a loaner TV as this was the living room TV.
They brought my TV back but then a week later the LEDs went out again, so they came and got it again. The next day I get a call, and they said they were not going to fix it again, and a check is in the mail for the purchase price. I was SO HAPPY I didn’t have to buy a new TV with money out of my pocket.
That $250 extended warranty got me back the money I spent on the TV and got me a brand new one. I also got the extended warranty again on the latest TV.
If you have kids and the item is expansive, get an extended warranty. I don’t like having to repurchase something when the manufactures warranty runs out.
Anything over a few hundred, you should get the extended warranty on. I've spent as low as $10 up to $275 on them.
Electronics, appliances, and smart home devices are not cheap, and when you have to buy them, you hope they work for many years. Some do, and some don’t, so why chance it. Have a safety blanket as you do for your home and car.
Amazon, Bestbuy, Walmart, Homedepot, Lowes, and all the other box stores offer them. Buy then and be thankful that you did when the item breaks.
What you should look for in extended warranties
1. They pay the full purchase price back (this is rare to find anymore)
2. They pay the current value of the device
3. They will replace with the same model but new
4. Check the reviews on the company
5. Go with a name brand company that has a good reputation
6. They offer to extend the warranty when the extended warranty is up (this is rare to find anymore)
I have extended warranties on
1. My 75’ TV
2. My 65’ TV
3. Ice Maker
7. Three iPhones
8. Four iPads
9. Two iWatches
10. Netgear Router
11. Netgear Orbi System
12. Two sounds bars and subs
What items you should get an extended warranty on
- Streaming Boxes
- Access Points
- Ice Makes
- Power Wheels
- Water Heater
- Expansive Items over a few hundred dollars
I dont make any commissions off Extended Warranties, So if you find this helpful Donate a Few bucks to show your support.
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My thoughts and opinions: no one is paying me to promote their products. This means no company is paying me to give them good reviews. I’m not going to play that game of we’ll provide you with cash, products, referrals, and so on if you give us good reviews. If a company feels like giving me money, products, or referrals, then good for them. This will not change how I review their products. If I think the product is Good, I will promote it as a tested product that I stand behind as it should work fine for you. I have no problem saying what’s good, bad, needs fixed, or added to the product.
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