I have been diligently shopping and researching for an extended warranty. Many believe they are a waste of money, which if you never have a problem they are. But my personal past history says they are a must. Electronics in general are not built to last these days and problems happen all the time. the 3 mentioned here are all under $150 for 5 years.
I have looked at several companies and have eliminated most. Some highlights from My finalists.Warrantech "Preferred" Service Plan WCPS
. looks like a great warranty except one very big negative; there is an escape clause that allows them to simply refund your premium under certain circumstances. They can also cancel the coverage anytime with written notice.
SHOULD THE MANUFACTURER OF YOUR PRODUCT BECOME INSOLVENT OR SUBJECT TO BANKRUPTCY
PROCEEDINGS OR THE MANUFACTURER NO LONGER PROVIDE PRODUCT SUPPORT AND ALL PARTS SOURCES
HAVE BEEN EXHAUSTED DURING THE COVERAGE PERIOD OF THIS SERVICE AGREEMENT, ADMINISTRATOR AND
WE SHALL BE EXCUSED FROM PERFORMANCE HEREUNDER AND YOU SHALL BE RECEIVE A FULL REFUND OF
THE PURCHASE PRICE PAID BY YOU FOR THE SERVICE AGREEMENT LESS CLAIMS PAID
Mack 5 year ON Site
If we cancel this service contract, we must provide you with a written notice at least 15 days prior to cancellation
at your last known address, with the effective date for the cancellation and the reason for cancellation.
Also well renown. The problem is if they want to buy you out they will give you the "current market value" of your TV. The current market value of a used TV is not much, definitely not enough to replace it
DTV Express thru Safeware
Mack may, at our discretion, replace your unit with a reconditioned model or equivalent model of like kind and quality or refund you the current market value of your covered equipment in U.S. Dollars.
This is the one I will most likely go with, Safeware Ins is BBB A+, There is NO escape clause. The Administrator cannot cancel the warranty except for fraud, if they buy you out you will get enough money to replace your TV with a similarly featured TV upto your original purchase price. The downside for some will be if the repair person is more than 35 miles from you , you may have to pay some travel expense. Not an issue for most.
If the Covered Product cannot be repaired; if the cost of the repair exceeds the original purchase price; if parts are no longer available or are discontinued by the manufacturer, the Covered Product will be replaced as determined by Us with a product of similar quality and features
We may not cancel this Agreement except for fraud, material misrepresentation, or non-payment by You, or if required to do so by a regulatory authority
DTV Express is lesser known and some of their previous warranties were not very good. It seems like they have changed their warranties over the years and have gotten a little better along the way. The current coverage is very good.
All 3 warranties have a no lemon clause.
All of the warranties exclude:
(1) overheating caused by accumulation of dust, vermin or fan blockage; misuse and abuse; (2) any storage media damaged by malfunctioning parts; improper installation of computer components or peripherals; repair or replacement of upgraded computer components when repair or replacement is required due to incompatibility of parts or incorrect installation; (3) broken or cracked LCD screens in portable monitors; burned-in image in LCD, LED, OLED, Plasma or any other type of display; application programs
But this exclusion seems to always be listed under "computers and peripherals". Is a TV a computer or peripheral? I wonder if you press the company if you can actually get this covered. Has anyone filed a claim for this? Have you pressed the issue of "computer?
There is a warranty call CPS. Consumer Priority Service. They are BBB "F". I would avoid like the plague. This is different than Warrantech WCPS. Warrantech is BBB C. They are a very large company, I am sure they are reliable but many complain of the length of time it take to get a claim processed and the escape clause is a killer. Mack is also BBB A+ but they can pay a depreciated value if they decide not to replace the TV.
As always buyer beware, do you due diligence. There are other products out there I did not discuss like Best Buy and Square trade just to name 2. Best Buy in comparably very expensive, Square Trade was OK but there was some things I didnt like in the contract. I hope this was somewhat informative