Originally Posted by mailiang
Then I guess the lesson here is, that if you're going to spend that much on a new TV, buy an extended warranty.
Failures of electronics and other components can be put on a bathtub curve plot. Typically failures occur either really early, say within 6 months of ownership which is covered by the standard 12 month warranty, or very late, around 5-10 years after ownership. A very small percentage (typically 3%) fail within 5 years.
Therefore, most extended warranties are well past being "not worth it"! A big box store 3 year warranty costing ~$250 on a $2,000 TV would pay out less than $60 per average customer, which make them one of the worst value for money insurance policies out there.
Honestly, if your TV fails within those 3 years, you have to chalk it up to bad luck. You can buy some cheaper warranty plans, which may be more worth it. For example Costco, if you buy with a credit card you can get 5 years for $60 I believe (1yr costco+1yr credit card+3yr extended.) That is getting to the point of being worth it, but it's the exception rather than the rule.
Panasonic used to offer a full 5 year warranty on their plasma TVs for free. They were that confident in lifespan. Sadly the big box stores got in the way. They make pennies on every TV, and make most of the profit on the warranties (along with other accessories) -- which wouldn't sell if Panasonic were offering warranties for free!