Are Store Warranties Worth it? The Benefits and Drawbacks

Store Warranties: Friend or Foe? The Pros, Cons & Hidden Costs Store warranties offer added protection for your purchases; however, they may come with limitations and exclusions. Evaluate your needs and the product's durability before making a decision. Consider the cost of the warranty versus potential repair or replacement expenses. Make an informed choice based on your individual circumstances. Repairing items is often more cost-effective than purchasing extended warranties, with average repair costs only slightly higher. For instance, Consumer Reports found the median service plan cost for electronics is $136, while repairs average just $16 more, indicating potential savings.