Why extended warranties are a waste of money?

Why extended warranties are a waste of money?

Extended warranties are rarely worth your money. Products don’t break on their own, and when they do, the price of repairs is usually lower than what you’d spend on an extended warranty. Sure, some people have saved a lot of money with extended warranties. Jul 16, 2019

Why are extended warranties bad?

While it may sound like a good idea in theory, extended warranties often come with a high price tag and don’t necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return. Oct 7, 2021

Who has best appliance warranty?

Here are three of the best home warranty providers in the industry that offer superior coverage for refrigerators, among other appliances and systems. Best Overall: American Home Shield. …Best Service: Choice Home Warranty. …Lowest Deductible: Select Home Warranty.

See also  Is a 500 dollar deductible good?