Have you ever purchased something online from eBay or even a retail store and then later wished that you’d purchased a warranty for the item? Or perhaps you are like my husband and I and you purchased an item but the extra warranty offered by the store was just so expensive that you balked at paying such a high price for coverage that you might not ever use?
That’s right. Chris and I purchased an HD video camera and a Digital SLR camera from Best Buy this past Sunday. The two items and accessories cost us well over $3000. We were offered extended warranties for both items, but do you know how much those extended warranties would have cost us if we’d purchased them? Close to $800! That’s almost a quarter of the price that we paid in total for the two electronic items! Geez! We could get a new washer, dryer or even a desktop computer for that price!
This is where Square Trade comes in. SquareTrade offers warranties on electronics and appliances at 30 to 50% below retail. It doesn’t matter if you purchased your electronic item or appliance online or in a retail store you can get a warranty for the item.
Now if Best Buy had offered their extended warranty at half the price that I just told you about we might have purchased it. It’s there loss I suppose. Now that I know about SquareTrade I’ve looked into the warranties that they offer for the two items that we purchased and the warranty prices really are about half the price of what we were offered at the retail store on Sunday.
The website states that warranty claims are served within five days and that they do not charge for deductibles. You can also cancel or trade your warranty at any time.
The site looks pretty easy to use. Go to the main page of the site and click on the “Get a Care Plan” button, or the “Get a warranty” button at the top of the page.
There are two columns on the page that you are brought. One if for an item purchased from a retail store and the other is for an item purchased from eBay. Pick the correct button and begin filling out information as to what product you purchased as well as the purchase price and date if you bought from a retail store, or simply fill in the eBay product number if you bought from eBay.
Once you fill out your information you’ll be offered a warranty for the item. Once you’ve read the information on what you are being offered you can purchase the warranty.
If you do purchase warranties through SquareTrade you’ll be able to manage your warranties and any claims you make towards those warranties online via the SquareTrade system.
SquareTrade covers items purchased from online and offline stores such as Amazon, Dell, Sears, BestBuy, Circuit City and many more. Plus, you can buy warranties for any times that you purchased in 2007. It doesn’t have to be a recent purchase as far as I can tell.
Warranties are only available to buyers in the USA at this time. Being in Canada I won’t get to try out the SquareTrade service, but if you are a US resident you might want to take a look at what they have to offer and decide if purchasing a warranty via SquareTrade is right for you.