Category: Extended Warranty

An extended warranty, also sometimes called a service agreement, service contract, or maintenance agreement, is essentially an additional layer of protection you can purchase for a product on top of the manufacturer's warranty. It extends the coverage period for repairs or replacements beyond the manufacturer's warranty period, typically for a fee.

Think of it like this:

• Manufacturer's warranty: This is the free warranty that comes with most products when you buy them. It typically covers repairs or replacements for defects in materials or workmanship for a limited period, often one or two years.
• Extended warranty: This is an optional warranty that you can purchase for an additional cost. It extends the coverage period of the manufacturer's warranty, often for several additional years.

Here are some key things to know about extended warranties:

• They are not mandatory: You are not required to purchase an extended warranty. It is entirely up to you to decide whether or not you think it is worth the cost.
• They can vary in coverage: Be sure to read the fine print carefully before you purchase an extended warranty. Some extended warranties may only cover certain parts of the product, while others may cover all parts. Some may cover only defects in materials and workmanship, while others may also cover accidental damage.
• They may not be a good deal for everyone: Whether or not an extended warranty is a good deal for you depends on a number of factors, such as the cost of the warranty, the reliability of the product, and how long you plan to keep the product.