Originally Posted by BadClams
Any news on the EW front? Currently getting close (even a few hours?) to pulling the trigger on the TV and want to get some EW #'s in my head to take to battle with me at UE. Looks like they're gonna play ball on the price/gonna take advantage of No Pay/No Interest till 2008 deal too.
You only live once, right? RIGHT?
After pouring over this for the last 3 weeks I wound up going (today) with the online offer from Warranty-by-net. After some initial frustrations with getting additional information and see an advance copy of their legal contract, I called them today and got everything I needed, to my complete satisfaction.
The Warranty By Net (run it all together with a com after) plan is the same Repair Master
warranty that's also offered by some brick & mortar retailers. It's administered by Warrantech. It's a 5 yr plan (4 + Mfr yr), but does not
provide a lamp. Total cost after a 10% discount came to $356.40 for my 65732. How do you get the 10% off? Ask for it.
Several of you have also bawled and squawled about this dang lamp thing and y'alls very misguided (IMO) perception that you've just got to have lamp coverage. Let me tell you something - ALL
of the 8 EWs I've extensively checked out have a "Limit of Liability" clause in the fine print that includes cumulative
claims. What's that mean?
What it means is the maximum combined total of all claims
paid during the extended warranty contract, when added together, cannot exceed the total price that you paid for your new TV (minus tax). By "getting a deal" on your TV you may have saved some money, but in so doing you've also lowered the total amount that you can recover in the event of loss. Do you really want to file an EW claim for a piddly-assed $250 lamp if paying that claim is going to reduce the amount of remaining coverage? Each and every time you file an EW claim, you're reducing the amount of remaining coverage. With a $3000 TV you only have $3000 in EW coverage. Have a $1000 claim and now you're left with only $2000 in remaining coverage. Spend that coverage wisely folks, once gone, it's gone.
I didn't buy an EW today to avoid having to pay for a relatively inexpensive lamp. I bought it for the "Major Claims" protection it affords me if it happens to go T.U. I can well afford a $250 lamp; by comparison a (typical) $1000~$1500 repair or a $3000 total replacement claim is a whole other matter. Screw the lamp!
I also know a few of you have been bubbling over about the less expensive plan from MACK that gives you lamps. I did not want the 3-yr Mack plan for the simple reason it was a 3-yr plan (3 + Mfr yr = 4 total). Claims payment info obtained for one of the leading EW companies (Service Net) revealed that most of their total replacement claims occur in the 5th year, so I considered 5 years coverage as mandatory and any lesser plan was unacceptable. You must understand, I just had a total loss claim on my "old" 55819 and collected 100% of my original purchase price at 4 years and 9 months into a 5 year plan. I'm pretty much sold on the value of a 5-yr plan.
Once again, I don't need anyone to lecture me on the adviseability or inadviseability of having an EW. I know the odds and am comfortable with them.