extended warranties

Purchased repair plans

Extended warranties are service contracts that extend protection beyond a product's original manufacturer warranty, covering repairs or replacements for a specified period.

Retailers push them aggressively at checkout, though consumer advocates often consider them poor value since most products either fail within the original warranty or outlast the extended coverage: They tried to sell me an extended warranty on a $30 toaster.

Opposites
coverage duration

extended warrantiesfactory warranty

Maker's pledge to repair

limited warranty

consumer protection approach

extended warrantiesno warranty

self-insurance · caveat emptor · buyer beware · warranty void · no returns

purchase value perception

extended warrantiesmoney pit

Endlessly expensive undertaking

peace of mind

Family

extended, warranties, extend, warranty, extension, extensive, extensively, extendable, extendible

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Negative · Everyday, not technical · Rated G