Are Protection Plans Worth It?

What does Dave Ramsey say about extended warranty?

Dave explains he is not a fan of extended warranties in general, and he especially dislikes used car warranties.

ANSWER: I never recommend extended warranties.

Used car warranties are especially bad, because they’re expensive..

Is Walmart Protection Plan good?

Consumer reviews of the Walmart Warranty and Protection plan We checked with several reviewers to learn more about actual customer experiences and at Pissed Consumer.com, consumers gave the plan an overall score of 2.4 out of a possible 5 stars.

Are appliance protection plans worth it?

“If you’re spending $800, $1,500 or $3,000 for an appliance, then it’s definitely worth getting one,” Triminio says. Others, though, don’t believe they’re worth the cost. … For example, warranties may run for as little as one year or extend up to five or more years, and cost less if purchased for a longer period of time.

Are camera protection plans worth it?

The sellers of protection plans know that the chances of something major failing after the manufacturer’s warranty runs out is small, so the odds favor them and it’s a good way to boost the profit margin. Not so good for consumers though – you end up paying for a repair you’ll very likely never need.

Are Protection plans for laptops worth it?

“It’s worth considering Apple’s extended warranty/service plan if you want phone or online support for more than the standard 90 days. … “Though we generally don’t recommend extended warranties, you might want one for a computer, especially if it covers accidental damage.”

Is Geek Squad Protection worth getting?

Geek Squad Protection Plan: Large electronics Depending on the product, this plan will cover you for two to five years, with tiered pricing based on the price of the product. … In my experience, these protection plans are only worth it if you’re spending over $1500 on the product.

Is the Lowes protection plan worth it?

A Plan for Every Appliance So, is lowes appliance extended warranty worth it? Well you can count on lowes appliance warranty. … This guarantees that you as a customer are not paying for a protection plan higher than what is necessary to repair/replace your appliance.

What laptop should I buy?

The Best Laptops in 2020Dell XPS 13 (2020) The best laptop you can buy. … MacBook Air (2020) The best laptop for Mac users. … Asus ROG Zephyrus G14. An excellent gaming laptop. … MacBook Pro (16-inch, 2019) … HP Envy x360 (2020) … HP Elite Dragonfly. … Lenovo Chromebook Duet. … HP Spectre x360 13 (late 2019)More items…

What does the Walmart protection plan cover?

Most items come with a limited manufacturer’s warranty. The addition of a Walmart Protection Plan adds extra protection from the date of purchase. Walmart Protection Plans cover the total cost of repair, or replacement, for products, as well as covering delivery charges for the exchange.