Extended Warranties: Buy or Avoid?


From the editors at Electronic House.

Electronic House

Extended warranties are the dirty little secret of the consumer electronics industry. Everyone says they’re a bad deal, and no one wants to admit to purchasing them, but someone is buying them. Electronics stores do make a lot of money on these warranties. People buy them inappropriately, or fail to use them even when they have a valid claim. Still, there are times when an extended warranty can pay off. If you’re considering purchasing an extended warranty, here are a few things to keep in mind: