questionsare square trade warranties ever worth it?

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My experience with Square Trade has been excellent. I would not hesitate to use them again. In my case they refunded the full purchase price of a monitor that had fried itself.

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I've bought, but never had to use Square Trade warranties. Every experience I've had with them has been pleasant and I would definitely use them again.

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I usually figure the cost of the warranty as a percentage of price is more than the probability of the item failing (otherwise they wouldn't make money as a company), so I take the chance that I'm not going to need it.

That being said, I have never dealt with square trade so someone else should comment as to their customer service experiences.

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Yes. They have excellent customer service and are fast with paying out.
I bought a laptop, then the warranty, laptop fried, warranty paid full purchase price. Can't beat that with a stick!

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I bought my latest computer off buy.com and purchased a SquareTrade warranty. They got great reviews on a bunch of other sites. Seemed to me to be the best value in warranties.

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There are some people that almost demand getting a warranty for. I know a 15 year old girl who is on her 5th Ipod. (I think her parents should stop getting her Ipods, but the point remains that there are those who just seem to destroy possessions.)

Also, they offer an extra cost add on for damage from the user which you can't really find anywhere else.

For most people and for most items, I don't think it's necessary.

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I have gotten it on two occasions, basically just for drop protection (one digital camera, the other being a tablet) Chances are one of them will be dropped eventually :P

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I've only purchased a warranty from them once but haven't had to use it. I usually stay away from extended warranties because I think they are way overpriced. But Square Trade was very reasonably priced and I read some very positive reviews about them. I never buy an extended warranty on most things I buy at Costco, because they have a great "no questions asked" return policy on most electronic devices - even if it's beyond the manufacture's warranty period. Bottom line is, the type of purchase is the determining factor for me whether or not to purchase a warranty - and I wouldn't hesitate to deal with Square Trade.

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I recently bought a Nook off of B&N's ebay site. Due to it being from ebay, I had to email Square Trade and then call them in order to purchase an extended warranty. The individual I corresponded with (both on email and phone) was very helpful and even gave me a discount code for 20 or 30% off (I forget which). Thankfully I haven't had to use it yet, but it does extend the normal 1-year B&N warranty an extra 2 years, so now I have 3 years of coverage.

Note: If you want to obtain an extended warranty from Square Trade for something you bought on ebay, you only have 30 days from time-of-purchase instead of the normal 90 days you would have if you bought the item from another location.

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YES!YES!YES!YES!YES!YES!YES!YES!YES!YES!YES! I have well over a dozen Square Trade Warranties. I love them, especially those with ADH (Accidental Damage and Handling). I bought 6 computers two years ago for Christmas during a special deal. My nephew, my mom and me purchased warranties. My nephew accidentally sat on his and broke the screen less than a year after the purchase and they sent a check for the original purchase price of $348. When we upgraded phones a few years ago we purchased warranties. My husband's phone fell out of the holder as he was getting up from the toilet and fell in...water damage...but Square Trade covered it. AND even though it was an upgrade that we paid $50 for with a contrat renewal, they gave sent us a check for the full cost of the phone $328 so we could purchase a new phone at the current price if we wished.

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CONTINUED!CONTINUED!CONTINUED!CONTINUED!CONTINUED!CONTINUED! My daughter bought a phone on eBay for $65. Over time so many of the features quit working that it was no longer a viable phone. They sent a check for the full purchase price! They are great! Something to NOTE! Be sure an file copy of the original receipt with them online at the time you purchase. That has to be online or available to process a warranty claim. Also, with the phone ADH, you must pay a $50 fee to process the warranty claim, but it is still worth it. They send pre-paid boxes for shipping made especially for the item you are sending. And customer service is friendly, sometimes even funny, and always available.

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THERE ARE SOME SITUATIONS THAT REQUIRE CONSIDERATION. Although I am pleased with SquareTrade, I recently compared Wal-Mart and Square Trade Costs/Benefits for a 4-Year LCD/LED TV Warranty and Wal-Mart won, even with a 30% discount from SquareTrade. The Wal-Mart Warranty was $30 and the SquareTrade Warranty was $40. Both started after the first year while the manufacturer's warranty was in place. Neither covered ADH. Both had free shipping and the reviews for the Wal-Mart Warranty were excellent. Both will help connect you with the manufacturer during the first year. The only big advantage with Square Trade is that I can file my receipt on line. With Wal-Mart, I need to keep the Waranty and receipt in a safe place for four years....and by that time who knows where it will be. If you are really organized then Wal-Mart will work. I guess it is worth it to know where the receipt and warranty are...so I'll go with SquareTrade. Humm.....

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I think it is definately worth it. I bought the warranty on my logitech harmony one remote control, purchased the remote for $249. I had it for around 7 months and my son apparently dropped it. I first decided to send the remote to logitech for RMA (to preserve my squaretrade warranty) but they claimed they found liquid damage. I have no idea when liquid could have gotten in it but suffice to say, they declined the RMA and sent it back. So I had squaretrade set up the repair (which had accident coverage) and I expected them to send me a new remote but instead they send $249 into my paypal account. I was highly impressed how fast they were and how easy it was to work with them. Did not even have to pay to ship them the remote. I would recommend them 100%.

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Extended warranties are really insurance. If enough people buy them, since most items don't have problems, they have money in reserve from selling all those warranties to a large group of customers who did't need their items fixed. If they do their underwriting correctly, they have plenty of money to fix yours and still make money. The risk of a problem is spread over a large number of warranty owners whose items don't malfunction. The more people buy and the more reliable the items are, the more money they make. It works as all insurance works -- as long as Square Trade Is profitable and stays in business.