- Is it worth buying an extended warranty?
- How does the extended warranty work?
- Is the Geek Squad Protection plan worth it?
- Does Best Buy protection plan cover loss?
- Is there a deductible for Geek Squad Protection?
- Are Warranties Worth It?
- Does Geek Squad cover accidental damage?
- Why extended warranties are a waste of money?
- Why you should never buy an extended warranty?
Is it worth buying an extended warranty?
This isn’t surprising, because extended warranties make a lot of money for those who sell them.
“On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180.
I don’t recommend buying extended warranties, ever.
If you can’t afford a $200 repair on a car, then you can’t afford the car.”.
How does the extended warranty work?
An extended warranty is actually an insurance policy on your vehicle, a safeguard against expensive, unforeseen repairs. It covers repairs for an agreed-upon period of time and miles. … An extended warranty can help make sure you don’t have to pay through the nose for unexpected repairs.
Is the Geek Squad Protection plan worth it?
Geek Squad Protection Plan: Large electronics Depending on the product, this plan will cover you for two to five years, with tiered pricing based on the price of the product. … In my experience, these protection plans are only worth it if you’re spending over $1500 on the product.
Does Best Buy protection plan cover loss?
Unfortunately it doesn’t cover liost or stolen items, but you should check with your home owners insurance they may. Simple reason that protection plans don’t cover loss: What would stop anyone from claiming that they lost something just so that they can get an extremely cheap second set of whatever item they bought.
Is there a deductible for Geek Squad Protection?
$249.99 LOSS & THEFT DEDUCTIBLE (for phones $799.99+) 4 5 Page 4 6 7 Page 5 GETTING HELP IS EASY. All claims must be filed within 60 days of incident. Visit us: Make a reservation at GeekSquad.com/Scheduling for in-store support.
Are Warranties 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. … But take a moment to ask yourself why a company would offer you an extended warranty. The answer is: because they’re profitable.
Does Geek Squad cover accidental damage?
Best answer: Geek Squad Protection is a Service Plan. If you purchase a plan that includes Accidental Damage from Handling, accidental spills would be covered.
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.
Why you should never buy an extended warranty?
Because the financial risk of needing a repair without an extended warranty is relatively small, it’s not a huge risk to go without one. Buy higher-quality products. Research the items you’re planning to buy before making the purchase. Be sure to understand the manufacturer’s warranty that comes with it.