Are extended warranties worth it? Retailers are pushing extended warranties with more fervor than ever, and consumers are buying. But in almost every case, they are a bad deal. Extended warranties are everywhere. It seems like every retailer is offering them now, even for purchases as small as a $30 toaster oven. And according to research done by Protect Your Bubble, a third-party gadget insurer, 40 percent of U.S. buyers are taking those stores up on the offers. Sales of extended warranties have seen between 15% and 20% annual growth over … [Read more...] about Are Buying Extended Warranties Worth It or a Waste of Money
I recently had the opportunity to interview Stephen Ebbett, President of ProtectYourBubble.com. Protect Your Bubble is a third party gadget insurer (extended warranty provider). We talked about buying an extended warranty. We talked about when you should and shouldn't buy extended warranties. We also talked about the difference between insurance and warranties. Why are extended warranties offered for every imaginable gadget and electronics? Why do they seem to be on the rise and offered by every retailer imaginable? Do they deserve the … [Read more...] about Is Buying An Extended Warranty Right For You?
My wife may shoot me when I say this because I have a history of buying the latest technological gadget, but buy back insurance is a waste of money in most cases. I am a gadget fiend. I love gadgets. I own a lot of them. But, I hate wasting money even more than I love gadgets. And, buy back insurance is a waste of money like buying an extended warranty. What Is Buy Back Insurance? Recently retailers have been offering buy back insurance plans which will guarantee a consumer a certain amount of money if they choose to sell their old … [Read more...] about Buy Back Insurance for Electronics Is a Waste of Money