protection plan

Safeguard for purchases

A protection plan is an extended warranty or service agreement covering repairs or replacement beyond the manufacturer's standard warranty.

Retailers offer protection plans on electronics, appliances, and furniture: Would you like to add a protection plan for $49?

The term sounds more comprehensive than "warranty," which may explain its popularity in sales pitches.

Related

guarantee · money back · extended · premium · deductible · claim · fine print · peace of mind · security · backup · safety net · contract · enrollment · monthly · renewal · repair · replacement · wear and tear

Categories
Opposites
risk coverage

protection planno warranty

uninsured · uncovered · coverage gap · self-insured · out-of-pocket

risk management strategy

protection planself-insurance

Assuming risk personally

no warranty · risk exposure · gambling · negligence · recklessness

consumer financial products

protection planpayday loan

High-interest short-term borrowing

credit card debt · subprime mortgage · predatory lending

Family

protection, plan, protect, protector, protective, protectively, protectiveness, protected, unprotected

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G