Is it worth getting a protection plan on a TV?

Is TV Protection worth getting?

The short answer is yes, purchasing a TV extended warranty is worth it. Not only will a TV extended warranty give you total peace of mind, it will save you a lot of money when the TV breaks. … In other words, after purchasing the TV warranty, you will never have to pay a dime.

Are equipment protection plans worth it?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. … In most cases, it’s best to skip the extended warranty and use your extra cash to build up an emergency fund.

Why extended warranties are a waste of money?

Well, the worst thing about an extended warranty is that it is overpriced. In fact, about half of what you pay goes to the salesperson’s commission. So a lot of the money you hand over doesn’t even go toward the purpose of the warranty, which is to pay for things that go wrong with the car over the contract period.

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Is it worth getting the Geek Squad protection plan?

If you have absolutely no knowledge of troubleshooting, then a Geek Squad plan may be best for you, especially if you’re a power user who absolutely counts on their computer for work or other needs. I wouldn’t buy a plan for a tablet, though unless you’re buying the highest-end devices.

Is Geek Squad expensive?

Geek Squad, the best-known tech-support service, boasts deep resources and U.S.-based agents. Its $9.99-a-month plan is also the least expensive you’ll find among competing services.

What does Dave Ramsey say about extended warranties?

The fact is, extended warranties are overpriced. That’s the reason people sell them, because they make a bundle on them in commissions,” says a money expert and radio talk show host, Dave Ramsey. “I don’t recommend buying extended warranties, ever.

What does Walmart TV Protection Plan cover?

Walmart’s protection plan covers naturally occurring wear and tear, electronic malfunctions, external damages, repairs, and replacements if the product cannot be fixed. Product categories covered under this plan include TVs, phones, laptops, outdoor equipment, jewelry, and general merchandise.

How much is Walmart protection plan?

You can purchase a Walmart Protection Plan for new products sold on Walmart.com and certain eligible products sold by Marketplace Sellers. Walmart Protection Plans cover unexpected repairs starting at $2.

Why you should never buy an extended warranty?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don’t necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.

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Is the extended warranty worth it?

Is an Extended Warranty Worth the Money? For the vast majority of people, the answer is a big fat no. … The cost of a single repair is usually less than the cost of an extended warranty. Consumer Reports once put the median cost at $136 for a service plan for electronics, but only 16 bucks more for the repair.

What items should you buy extended warranties on cars?

10 Purchases You Should Always Get an Extended Warranty On

  • To Buy or Not to Buy. 1/11. …
  • Cars and Trucks. 2/11. …
  • RVs and Boats. 3/11. …
  • Cell Phones. 4/11. …
  • Refrigerators. 5/11. …
  • HVAC Systems. 6/11. …
  • Washers & Dryers. 7/11. …
  • Television Sets. 8/11.