Originally Posted by nickels55
Extended warranties are a scam. Research it. Most items like these TVs fail within the first 3-6 months. Companies make a fortune on warranties.
i've made use of an extended warranty twice
once on this set with the white dot issue(i seem to recall you personally freaking out in this thread about not having one) and once on my motorola droid when the digitizer went bad 2 months before I was due an upgrade
i paid $150 for the warranty for the tv and the technician quoted me $600 for the repair, if i had extended the warranty out further it would have covered the green LED repair I had to do myself
so I wouldn't say they are a scam, particularly if they offer you a deductible for damage you personally caused (squaretrade does)
I don't get extended warranties on everything I buy, but sometimes it's worth the peace of mind and worth the cost