....not to burst your bubble, but like all such plans for phones and other technology they are a very bad deal. They are as close to free money for companies as they ever get. If someone genuinely has a history of breaking things multiple times then I guess it might rarely have a point. In general though such plans are seldom ever used and, when they are, it is not nearly the insurance they thought it was. This is something that always ranks at the top of the buyer beware list every holiday season. You spend 20% of the value of the device to replace it if you break it, if you meet all the fine print stips. If the product line is successful though, what you will get for that is usually a refurb device when there may already be a new model and cheaper prices on the old one.
Originally Posted by nuprotocol
At least in the US, unless one is buying with cash or a debit card, I recommend that people just check their credit card for additional warranty protection. That is a common add on for Visa and MasterCard accounts. I think the same is true for AMEX but I have never had reason to check. In my case, my card coverage doubles the standard warranty to two years and adds on 90 days of outright replacement coverage for theft or breakage. Actually even some Visa debit cards add on the warranty doubling.
Sorry but "insurance" plans on devices with limited use lives really do belong on the top of the list of things consumers should avoid. They are really just a flat out fleecing of consumers and represent almost pure profit to retailers. That is the reason so many retailers try so hard to sell you on their merits.