What you should know about product protection plans – Arizona Daily Sun
When you buy a new dishwasher, smartphone, or TV, the last thing you want to think about is needing to eventually replace that brand-new item. Still, it’s an unfortunate reality that products will eventually malfunction, break, or come to the end of their useful life. That’s where product protection plans come in.
Also known as service plans or extended warranties, product protection plans can cover defects, accidents, or damage to products and even allow consumers to get them replaced or repaired at no additional cost. Product protection plans are most popular for expensive goods like smartphones and laptops. This is partially because they have become so crucial to 21st-century life that it would be difficult to go without your phone or computer while it is being repaired. Of course, not all product protection plans are created equal, and some consumers might wonder if they’re always necessary or just for expensive products like electronics and home appliances.
Clyde compiled a list of 10 important things to know about product protection plans—from what to look for in the fine print to understanding the average cost—to help you decide whether a protection plan can save you money in the long run.