Append Phone Warranty For Free

For the vast majority of people, the answer is a big fat no. Even Consumer Reports says it's "money down the drain." Here's the big secret: it typically doesn't cost that much to repair most items. The cost of a single repair is usually less than the cost of an extended warranty.

The standard warranty involves you contacting the manufacturer of your device and then sending your phone in for repair. Then after they have repaired the unit they send it back to you. The specifics of the exchange depend on the manufacturer as far as shipping times cost of shipping if applicable etc.

When it comes to the long-term cost of your car, extended warranties are generally a bad deal, says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

When you purchase your cell phone, you may be offered an extended warranty. Unlike the standard warranty, which is included in the phone's purchase price, the extended warranty will require you to pay an extra fee. The extended warranty provides coverage and services not included in the standard warranty.

You can also buy insurance from your phone manufacturer. A big plus: Their plans might come with technical support by phone, in a store, or through online chat. Buying insurance from an independent insurer gives you more flexibility. If your phone's working and in good condition, you can sign up any time.

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.In most cases, it's best to skip the extended warranty and use your extra cash to build up an emergency fund.

Cell phone insurance is a protection plan for your phone that covers situations where it's lost, stolen or damaged. With most insurance programs, you pay month-to-month as long as your coverage continues. If you decide to discontinue your coverage, you can cancel at any time.