Sunday, August 28, 2011

Electronic Warranties - Are they worth it?

I have been in the electronics industry and specifically in the warranty side of things. The question is are extended warranties for electronics worth it?

I would say it depends on the manufacturer, the type of product, who uses it and the cost of replacement. Now this requires a little math - basically take the cost of replacement - times the chance it needs to be replaced.

Fortunately, there are providers out there that can help reduce the cost of replacement. This is especially good if you are buying something that is critical and also prone to loss. Think IPods, Ipads, Nintendo DS, Blackberry's, etc.

Check out SquareTrade - it is the best deal out there for coverage, which you can buy after the fact or from Amazon.

Square Trade Warranty

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