Extended Vehicle Protection Plans
When we buy cars, lawn mowers, electronics, and even big screen TVs we’re usually offered extended protection plans by the salesperson. But, are these extended protection plans or warranties as they are sometimes called a good investment? Will you get what you paid for in the annual payments or one-time payment? World of Unpredictability We live in a world of unpredictability. That’s why extended protection plans are a roll of the dice. That big screen TV could last years and years. Or, if something were to go wrong with the display or software or electronics, you’re covered if you went ahead with the protection plan. But honestly, there’s no way of knowing if you’ll be okay. One general rule of thumb is if you buy a brand known for quality, you may be okay skipping the extended warranty. Another general rule is the longer and more frequent you expect to use the product, the more an extended warranty makes sense, such as car which you will drive everyday for years and years...