 |   Publisher : SquareTrade Company : SquareTrade List Price: Our Price: $39.99 You Save: $26 (40%) |
Features
- Coverage: 3 years of mechanical and electrical failures from normal use
- Claims: SquareTrade will fix the item or pay you the full replacement cost of the item
- Service: Free two-way pre-paid shipping for mail-in service
- Common camera failures include zoom lens not moving, internal memory failure
- No Paper: SquareTrade will email your contract within 24 hours
Product Description
SquareTrade Care Plans are great value and cost 70% lower on average than traditional warranties. Upon purchase, you will get an email confirmation. You will not be mailed a paper contract. If you have questions, please call: 1.877.WARRANTY.SimilarProduct
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- Nikon D3000 10.2MP Digital SLR Camera with 18-55mm f/3.5-5.6G AF-S DX VR Nikkor Zoom Lens
- Maximal Power DB CAN LP-E5 Replacement Battery for Canon Digital Camera/Camcorder
- Panasonic HDC-TM55K Hi-Def Camcorder with 8GB Flash Memory & 35X Intelligent Zoom (Black)
- Canon EF 75-300mm f/4-5.6 III Telephoto Zoom Lens for Canon SLR Cameras
Customer reviews
Counter Attack on the former moron's rant 
by .. Sir Duke of Autum Frost (Louisville, KY USA)
Hi there, this is my review. I like squaretrade warranties, because they provide me peace of mind and the ability to put away far less money, as a disaster fund, than I would have to without one. I think that's great and I give this service 5 stars.
The low-life that made the first review should pay careful attention. The above is an example of a REAL *review*. Mr. "Sucker bait" just posted an empty ideology that is more-so meant for message boards where people complain about stuff that doesn't matter. If you don't like the idea of a warranty - DON'T BUY ONE!! I don't need to know that you disapprove of my purchase, based on your own sovereignty; and I certainly don't need to be bothered researching a 1-star review like that. If squaretrade ever turns their nose up at you, instead of paying out the money you were entitled to, THEN GIVE THEM ONE STAR - BUT NOT BEFORE!
Sucker bait 
by .. William Dawkins ()
Extended warranties are great products-- for the companies providing the warranties, but not for you.
Put simply, companies do not deliberately go into business to pay more than they collect ;-)
The warranty providers know pretty well how much they will pay to cover damage/replacement on all their policies aggregated together. They add a substantial profit margin and divide by the number of policies to get the price they charge you.
Their business model is like a casino running a clean game-- the bet is still a bad deal for you even when the company is smart enough to pay you promptly with a smile (just as it's shortsighted for a big casino to cheat).
In short, the expected return on your investment on an extended warranty is almost always negative. You can only expect to win if you know you are a harsh user who is -much- more likely to break your item. Even then, it only works if enough other ordinary users continue to buy the warranties.
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This argument does not imply that you should never buy insurance. If you lose your home, for example, the actual cost impact you feel is likely to be much larger than the dollar cost of rebuilding it because you will not be able to raise the money on your own after a disaster. This allows the insurance company to take in more than it pays out, making a profit, while still providing you a useful service.
It works because the premium you pay is less than your expected cost of a disaster, even though the premium will be more than your expected dollar receipts from claims.
A good touchstone is that you should not choose to insure unless a worst-case loss would be financially crippling.