Extended Warranties for TVs? Worth it or not? - AVS Forum
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Old 06-07-2014, 09:20 PM - Thread Starter
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I am planning on buying a 70-inch TV within the next couple of months and I have noticed the extended warranty offers for 3-years, 5-years, etc. I know these warranties are insurance policies, but for some types of electronics, they make more sense than for others. Any strong opinions here (one way or the other) if these extended warranties are really worth it for these big screen TVs? If so, which would be the most reasonable? (i.e., 2, 3, 5 year?)

Thanks
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Old 06-07-2014, 10:09 PM
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Check out the warranty from square trade. That is who Costco uses. Good price, a discount if you belong to Costco and still cheap even if you don,t. Belong.
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Old 06-08-2014, 01:59 AM
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You'll find that the question about whether or not extended warranties are worth it can produce some pretty polarizing opinions here . A lot will be of the opinion that TVs are somehow infallible, and that when it comes to these race-to-the-bottom sets, failure simply isn't an option; it just doesn't happen and plans aren;t worth buying.

In truth, yes, flat panel TVs are, in general, pretty reliable and should not give you issue. If the plan is available at a reasonable price I don't see the harm in having it. People often think of an extended warranty as only being useful in the case of a part failure that renders the TV unusable, but I think they become really useful when you think about issues that may arise with the panel that hinder the viewing experience.

Case in point: I purchased a 55" Panasonic VT50 in May of 2012 with BB's 4-year plan and by last November, had noticed that the TV had developed off-color blobs on the panel that were only visible during certain content. Technically the TV worked fine otherwise, and the issue was hard to spot if you didn't know about it. I decided to call Geek Squad out anyway and figured the guy either wouldn't be able to see it or would tell me it wasn't an issue or something. To my surprise, the guy told me he's seen the problem before, that they would try to order a new panel, and that I would probably just get a replacement TV instead. Lo and behold, they called me within a week and told me they wouldn't be able to get a new panel, and I got store credit for a new TV and a pro-rated store credit for the unused portion of my protection plan.

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Old 06-08-2014, 06:02 AM
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I don't have a *strong* opinion on this.

However, I did get a 3 year extended warranty a year ago. The TV is a store demo 70" Sharp (model 640U), and Sharp offered a very attractive price on the extended warranty. Had the TV been NIB, I probably would have passed.

Thankfully, I haven't had any problems, but I admit buying the warranty made me feel better about getting a store demo. The TV's price was heavily discounted of course, but it was still a good bit of money.

Good luck.
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Old 06-08-2014, 06:13 PM - Thread Starter
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Thanks to all for the followup. The Square Trade website looks like a good deal.
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