While shopping online are you worried about your products protection? If so, besides the manufacturer’s warranty you can ensure for extra protection at minimum cost.
SquareTrade Inc. is an excellent choice for protecting your electronics and appliances products. The company is based in San Francisco, co-founded in 1999 by Steve Abernethy and Ahmed Khaishgi. They are among the first company to resolve online disputes from e-commerce giants such as eBay and Amazon.
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Why would you need SquareTrade protection when you’re covered with the manufacturer’s warranty
SquareTrade coverage begin when the manufacturer’s warranty ends, they’re extended warranties. Most product appliances comes with 1 year limited warranty which is often not long enough for consumers, and this is the time when SquareTrade comes to rescue.
Let’s checkout some of its excellent features to see what they can offer.
The coverage years vary from 1 to 5 years which begins after the waiting period if any. Waiting period is applicable for protection plans purchased for refurbished items or plans purchased subsequent to the purchase of the covered product.
The coverage plan is inclusive of any manufacturer’s warranty that exist from the purchase of the product.
If you’re buying the plan from Amazon, the coverage is only valid for new products purchased at Amazon within the last 30 days or Amazon certified refurbished products.
Types of coverage
There are two main types of protections – the standard protection plan and the accidental protection plan.
Standard protection plan
Under the standard protection plan coverage includes 100% parts and labour for any mechanical and electrical failures during normal use. Note that the type of coverage will varies depending on the product purchased.
We suggest buying standard protection plan for your kitchen appliances including your cooktops. This is especially true when you buy high-end cooktops or less known brands.
3 years back, buying protection plan from SquareTrade at Amazon for my NuWave PIC Gold was a smart move. Because, those days NuWave was worse at addressing customer issues. It was only SquareTrade who came to my rescue. NuWave may have learned their lesson and now with excellent reviews for customer service, but I was there before it.
Recently they have started jewellery protection plan for items valued under $50. Here, the protection is for repairing the jewellery owing due to defects from workmanship or normal wear and tear for a period of 3 years.
Accidental Damage from Handling (ADH)
Besides standard protection plan you can include any accidental damage from handling. This is particularly handy for your on-the-go devices such as mobile and tablet. Changes of getting damage are much higher for such devices from drop, spills and liquid damage.
You may cancel SquareTrade coverage plan anytime within a period of 30 days for 100% refund. You’ll still get a refund after 30 days on a pro rata refund basis. This gives you a lot of freedom and the reason to choose them over other service providers.
Is it really necessary to buy protection plan
Well, the question is,how valuable and vulnerable is the product after the manufacturer’s warranty? To be on the safe side, it make sense to buy extended warranty for a couple of more years after the manufacturer’s warranty for high-value electronics and appliances.