Whatever you do, if you buy an Extended Warranty or a Protection Plan, only buy it from the manufacturer and never from the store! Those warranties may be worse than worthless, and they may actually mess up your set rather than fixing it (or maybe do a little of both). These are big moneymakers for the stores, but may only provide service by incompetent technicians.
Sears does offer a protection plan which is way different than an extended warranty. It covers everything inside and out for the term of the plan (which is 3-5 years). What makes it different from extended warranties and better than any other competitor out their is :
1) Their is no fine print...if it breaks or you think it is not working properly-you call service and they come to your home to fix it, up to three fixes, and on the fourth fix it is considered a "lemon" and you get it replaced with the same thing or something comparable.
2) The protection plan offers yearly maintenance. Every year for the term of your plan your sales person will call to remind you to call for maintenance. This is where you benefit the most. If the repair man sees anything going bad it is fixed before it does break---PEACE OF MIND!
3) Their are so many benefits to having a protection plan rather than a warranty...come to Sears and talk with a sales associate and have them explain it all to you. It truley is the best on the market --- second to none.
4) Their is no limit on things. If you get a TV replaced due to not being able to be fixed after a year and your plan is for 3 years, your plan will transfer to the new product so that you don't lose any of the coverage that you paid for. It is awesome to get your monies worth out of your products and it really does extend their life.