Best Buy also offers protection plans, but before you commit to purchasing a Best Buy extended warranty you'll want to install the Mulberry extension. You can compare warranty plan prices directly in your cart when you're shopping online.
When it comes to evaluating your coverage options, you need to identify where you can get the most value for the life of your product. While Best Buy protection plans have some benefits especially if you're interested in tech support, they're expensive and limited to less than 2-3 years.
Apple and Best Buy have agreed to begin selling both the standard AppleCare protection plan for Macs and the more premium AppleCare+ for iPhones, iPads, and the Apple Watch through Best Buy stores, according to sources. The plans call for Best Buy to begin offering the AppleCare plans in its stores at checkout around the week of September 14th, just ahead of the iPhone 6S launch. This will mark a notable expansion of the Apple and Best Buy relationship, and Best Buy will become one of the only retailers, aside from select U.S. carriers, to offer AppleCare outside of an Apple Store.
Another important factor to consider is how long your downtime will be if your phone is damaged, lost or stolen. Some providers will get you back on your feet the same day, while others may take days between processing your claim and getting your phone repaired, especially if you don't have a service center nearby. In general, the top-tier insurance plans by carriers provide the best service, with the option of having a technician go to your home or office for as soon as same-day repairs and device replacement.
The best value, and the plans I recommend for most people, are the second-tier carrier plans. These plans offer affordable coverage with speedy service, usually next day instead of same day service, thanks to hundreds of authorized repair locations. What you're giving up are things like unlimited battery replacement, post warranty repairs (you'll need to pay the replacement deductible), and you'll be able make fewer claims in a 12-month period. You'll also miss out on a variety of extras, which aren't that valuable for many people. For instance, AT&T provides unlimited photo and video storages, T-Mobile includes unlimited screen protector replacement (after you buy and have one installed by T-Mobile), and Verizon offers identity theft protection.
For $99 per year, Zagg Protect provides protection for accidental damage and mechanical and electrical failures for any phone and starts after a 30-day waiting period. The repair and replacement deductibles are a flat $49. However, the maximum claim payout is $500 per incident, so if you own an expensive phone, you won't be covered if you need to replace it. But that $500 will cover most phone repairs, even for expensive cracked screens. You take your phone to any approved repair shop after receiving repair authorization, submit your receipt, and you'll be reimbursed. It's a simple plan, but not enough coverage for many people.
AT&T offers two insurance plans, Mobile Insurance for $8.99 per month and Protect Advantage for $15.00 per month. The main differences are that the screen repair deductible is $29 for Protect Advantage and $49 for Mobile Insurance; plus, only Protect Advantage customers can have the repair technician go to their home or office for on-site repairs for cracked screens and battery replacement. Protect Advantage provides device replacement as soon as same day and the technician can set up the phone at your home or office. Mobile Insurance customers will receive their replacements the next day. Protect Advantage also includes unlimited free battery replacement, unlimited photo and video storage, and three claims in a rolling 12-month period (versus two claims for Mobile Insurance). If the convenience of on-site repairs and same-day service is worth an extra $6 per month, go for Protect Advantage. Otherwise, Mobile insurance is the best plan for most people.
Verizon offers three plans, Mobile Protect, Total Equipment Coverage, and Wireless Phone Protection. Total Equipment Coverage, the mid-tier plan, is a great deal and provides a high level of coverage, including unlimited $29 cracked screen repair, extended warranty, and next-day device replacement. Only if you want same-day in-home service and, for replacement devices, in-home setup, as well as the identify theft protection, does it make sense to pay $6 more per month for Mobile Protect. The entry level plan, Wireless Phone Protection, doesn't offer extended warranty, so isn't as good an option as Total Equipment Coverage for most people.
You may be able to buy cellphone insurance or protection plans through phone manufacturers, wireless carriers, insurance companies, retailers and other third-party providers. Insurance options tend to work in similar ways. Typically, you'll:
A 2018 survey from SquareTrade, an Allstate company that offers protection plans, found that 66% of smartphone owners damaged their phones during the previous year. However, cracked and scratched screens were the most common types of damage, and over a third of smartphone owners report they didn't get their screens fixed.
The iPhone offers an optional theft and loss protection upgrade, in which you will be reimbursed if your device is stolen or lost. This plan requires you to keep Find My iPhone enabled and includes a $149 deductible.
Whatever it's called, these warranties are usually limited in time and scope. Thus, you'll frequently find the item's reseller (sometimes the manufacturer) trying to (up) sell you on extra coverage. That coverage is called an extended warranty, or sometimes a "protection plan" or "service plan/contract." The latter are more accurate, as no one can really extend a warranty except the original manufacturer.
Getting a protection/service plan means you pay more upfront, depending on the item and the coverage. In theory, you do so to make sure you have even more time with the product should it break in that pre-set amount of time, be it a few months, a year, or a few years.
If you nip into a store like Best Buy or Walmart for your large electronics, you'll almost definitely be offered a protection plan of some sort. These are often replacement or repair programs that claim to make the blow of dead electronics easier on you in the long run. "If your TV dies in the next four years, we'll give you a TV valued at what you're paying now."
These protection plans are usually pretty well-explained, and you'll almost always get a pamphlet on what you're entitled to in the event that your device goes kaput. Plans will vary by device, so whether or not you should buy the plan will also vary depending on the device you're purchasing.
In my experience, these protection plans are only worth it if you're spending over $1500 on the product. The price of the plans is often exorbitant and unnecessary. The employee might give you a "deal" on the protection plan, but read on to find out why that's not the best for you, the customer. Most current LED TVs don't experience terrible burn-in unless they're cheaply made or there's a manufacturer defect (which you'll likely experience within the first year). Unless you're absolutely cranking your speakers all the time, they shouldn't blow unless there's a defect (remember that you always get what you pay for with speakers). Home appliances is an iffy category, especially depending on the appliance. There's a lot you can fix yourself on larger appliances, but I would indeed consider protection for larger appliance like fridges, ranges, washers, and dryers.
So you really need to consider your usage and whether or not you're comfortable fixing something yourself. If you have absolutely no knowledge of troubleshooting, then a Geek Squad plan may be best for you, especially if you're a power user who absolutely counts on their computer for work or other needs. I wouldn't buy a plan for a tablet, though unless you're buying the highest-end devices. Even then, that's probably an iPad, and AppleCare+ is the better deal.
For computers, it all depends on your knowledge as to whether or not you should buy the protection plan. I would say if you're somewhat savvy or have savvy friends, don't go for it or only go for it for the shortest term. With computers becoming obsolete after only a few years now, there's really no point. And you can upgrade RAM and other components down the road if need be anyway.
This is the most important section when it comes to Best Buy. You will, 9 times out of 10, be offered a "deal" on your protection plan. Best Buy employees aren't on commission, but they'll still offer deals because if your numbers aren't good, you'll just get fired (or demoted to cashier). The language is always that they'll offer you the service plan for less, but the service plan is not what's being discounted. The way they discount is off the most expensive product you're buying.
If you buy a protection plan for a TV, then the money comes off the TV, not the service plan. So Best Buy makes the full amount off the plan, but less off the TV. The kicker is that, if it comes time to replace the TV (which it very rarely does), you only get a TV for the actual purchase price.
And if you've spent under $150 on a product, Walmart just gives you the money back in the form of a gift card. Now I don't particularly care for the evil empire that is Walmart, but I do have to admit that it's protection plans are actually totally worth it.
For the most part, the answer is no. The out-of-pocket cost for most repairs does not often exceed the price of the service plan you're buying, depending on the device. I would recommend only buying protection in these scenarios, and even then, really consider your options first:
Common repairs don't often exceed the price of service plans. And if you are going to buy a protection plan, get it from Walmart and really take your needs, use, and financial situation into account before buying into a program that you'll likely never use. 781b155fdc