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Weigh warranty costs.(Dollars & sense: the inside scoop on financing, warranties, and installation)(Brief Article)
For most products, extended warranties aren't worth it. Appliances and electronic gear such as conventional TVs, camcorders, and digital cameras aren't likely to break down during the warranty period. And even if they do, the typical repair costs roughly the same as a service plan.
But an extended warranty might be worthwhile for high-priced plasma and LCD TVs and rear-projection sets using LCD, DLP, or LCoS. Those TVs are too new to have a track record for reliability, yet most have the same one-year standard warranty as more-proven products. Extended warranties typically cover parts and labor for two to five years from the date of purchase--or one to four years beyond the standard one-year warranty. ...
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