Should You Buy an Extended Warranty for a Plasma TV?
As of 2010, extended warranties are offered for almost every electronic device on the market. Consumers might find that for items such as plasma TVs an extension or addition to the manufacturer's warranty is nearly a necessity.
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Function
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An extended warranty offers protection on a purchase against occurrences the manufacturer's warranty does not cover, such as damage from normal wear and tear, power surges or internal heat or humidity. Without an additional product replacement or service plan, any defect or damage to the item after the manufacturer's warranty period will be repaired at the customer's expense.
Benefits
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According to Phil Conner at Plasma TV Buying Guide, consumers should "absolutely" buy an extended warranty for a plasma TV. The out-of-pocket cost to repair a plasma TV can be around $1,500 because of the cost of replacement parts, and with technology changing frequently, the entire TV must be replaced if parts are no longer available.
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Considerations
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Plasmatvbuyingguide.com advises only buying an extended warranty from a reputable company that will honor the warranty properly. Also, understand when coverage of the product will start under the warranty and exactly what will or will not be covered.
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References
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