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Squaretrade TV Warranty via Costco (<$500) $29.99, ($500-$1K) $59.99, ($1K+) $99.99

nathanielm 173 260 November 21, 2012 at 09:17 AM in Brick & Mortar (B&M) (2) More Squaretrade Deals
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Last Edited by widgit November 30, 2012 at 04:51 AM
This thread originally from Chokaay. I tried to bump and could not since it was so old. Give reps to him if you rep.


NOTE: YOU DO NOT HAVE TO BUY YOUR TV FROM COSTCO TO GET THIS WARRANTY! NOR DO YOU HAVE TO BE A COSTCO MEMBER.

BETTER SquareTrade TV Warranty: (<$500) $29.99, ($500-$1K) $59.99, ($1K+) $99.99 @ Costco.com & B&M
Since the 35% SquareTrade coupon thread is generating so much excitement, and I noticed many people begging for coupons in that thread are looking to warranty TV's, I thought I'd post my own thread to help SDers get a BETTER SquareTrade TV Warranty for CHEAPER (even after the 35% coupon)!


Depending on the price of the TV, it MAY be a better deal to buy your SquareTrade TV Warranty from COSTCO or COSTCO.COM (instead of Squaretrade.com directly):

TV's under $500: $29.99
TV's $500 - $1,000: $59.99
TV's over $1,000: $99.99

For those prices you get 3 years AND your SquareTrade warranty DOESN'T begin until AFTER your manufacturer's warranty runs out as opposed to running parallel like when you purchase on SquareTrade.com. Thus, your TV will have 1 yr manufacturer's warranty (typically) + 3 years SquareTrade warranty = 4 years warranty.

If you buy your TV from Costco, you get 1 year from Costco free AND your SquareTrade warranty DOESN'T begin until AFTER that coverage ends. Thus, your TV will have 1 yr manufacturer's warranty (typically) + 1 year Costco extended warranty + 3 years SquareTrade warranty = 5 years warranty.

In comparison, buying TV warranties directly from SquareTrade will give you less years (only 3 years total since warranties run parallel to manufacturer's warranty), and typically are more expensive (especially if your TV is $1,000 or more).


3 Years (For TVs Under $500)

3 Years (For TVs: $500 to $1,000)

3 Years (For TVs Over $1,000)


Copied from original thread by Chokaay.
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Last Edited by Bankrupt December 4, 2012 at 10:06 AM

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#46
Quote from magic13 View Post :
It looks like SQ gives you a 5 year term warranty.

I would assume that you would file the claim with whoever is the current holder of the warrenty when it breaks. I have not fully figured out whether SQ is a full five years or whether it really is costco for 2 and SQ for 3.

The costco plan is the way to go. You are essentially pay SQ 29.98 for one year of coverage and perhaps 2 years of slightly better coverage when, for 29.99, you can get 5 years of coverage. Costco is a pretty consumer friendly company so I doubt you would hae any issues with them.

It is very unusual for a credit card company to offer this type of warrenty and might be specific to the type of AMEX card you have. Just because it is an AMEX does not mean you will get the extra year of coverage.
magic13, thank you for your valuable input. I think i will go the costco route. I also checked my american express card benefit and this is one of the bullet point it has on shoppinig:

- With Extended Warranty you can shop worry-free knowing the terms of the original manufacturer's warranty can be matched up to one additional year, on warranties of five years or less that are eligible in the U.S.

It seems that AMEX will cover the 6th year.


Quote from rebelx View Post :
Pretty sure all post-paid AMEX cards extend the manufacturer warranty by a maximum of one year.
Thank you rebelx!
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#47
Quote from hkap View Post :
magic13, thank you for your valuable input. I think i will go the costco route. I also checked my american express card benefit and this is one of the bullet point it has on shoppinig:

- With Extended Warranty you can shop worry-free knowing the terms of the original manufacturer's warranty can be matched up to one additional year, on warranties of five years or less that are eligible in the U.S.

It seems that AMEX will cover the 6th year.




Thank you rebelx!
When I called and asked them, they still denied covering a sixth year. To be safe, I wouldn't count on it, but would consider a surprised if it went through.
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#48
Quote from magic13 View Post :
A 5 year, $3,999.99 coverage limit plan for $100 is slick
Very. It's worth it for my price range, but I didn't realize at first just how good it is for higher cost tv's.

I've never really dealt with extended warranties before now, so I still had a concern about the total claim amount paid with SQ, which was mentioned as a negative against SQ, on the other thread I linked. This idea that the total amount for ALL claims will not exceed the total covered purchase amount is supported in the 8th clause of the fine print [costco.com].

There's also a "No Lemon Policy", as Rebelx pointed out, which says that after 3 repairs for the same issue, they'll replace the item on the fourth time the issue occurs. So I guess if the 3 visits were for the same item, this would be the exception to the rule.

But I checked out Sears.com again, and for ONLY $929.99, I can get 5 years coverage for a $3700 tv, with the exact same 2 clauses in the fine print. So while it's true, it's apparently not at all a SQ specific practice as implied, and no reason to not use SQ specifically.
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Last edited by MarkD77 November 30, 2012 at 04:06 AM
#49
As another data point, if you happen to buy a tv at walmart, extended warranties are pretty comprehensive (they don't deduct previous repairs from value), and are priced reasonably.
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#50
Quote from MarkD77 View Post :
Very. It's worth it for my price range, but I didn't realize at first just how good it is for higher cost tv's.

I've never really dealt with extended warranties before now, so I still had a concern about the total claim amount paid with SQ, which was mentioned as a negative against SQ, on the other thread I linked. This idea that the total amount for ALL claims will not exceed the total covered purchase amount is supported in the 8th clause of the fine print [costco.com].

There's also a "No Lemon Policy", as Rebelx pointed out, which says that after 3 repairs for the same issue, they'll replace the item on the fourth time the issue occurs. So I guess if the 3 visits were for the same item, this would be the exception to the rule.

But I checked out Sears.com again, and for ONLY $929.99, I can get 5 years coverage for a $3700 tv, with the exact same 2 clauses in the fine print. So while it's true, it's apparently not at all a SQ specific practice as implied, and no reason to not use SQ specifically.
I have also never purchased an extended warranty before. But for $100 and 5 years coverage I think it would be crazy not to get one.
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#51
Please validate my understanding:

As per terms and conditions [costco.com], coverage start date and end date are
Coverage Start Date: After Costco Concierge or manufacturer's warranty expiration, which ever is longest
Coverage End Date: 3 years from coverage start

If we buy a TV from outside of costco, the manufacture warranty (most probably) will be 1yr, we get 3 additional years of coverage from square trade, ie total of 4years.

As per amex extended warranty policy "American Express offers 12 months of extended coverage for items with an original, manufacturer's warranty of up to five years". In this case, additional 3years coverage is not provided by original manufacturer, so why would amex gives us 5th additional year of coverage?
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#52
I cannot comment on the AMEX coverage as I don;t have an AMEX card however my SQ coverage thru Costco shows as follows on SQ site:

Type of coverage: 5 years
Coverage starts: 11/29/2012
Coverage ends: 11/29/2017
Care Plan Price: $99.99
Purchase Date: 11/29/2012
Purchased for: $99.99
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#53
did anyone buy a square trade warranty who was not a costco member
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#54
I agree some folks are taking a pretty optimistic interpretation of how AMEX extended works.

https://www.americanexpress.com/u...ranty.html

From the FAQ "When your covered product's manufacturer's warranty expires, the Extended Warranty takes effect."

So, the manufacturer warranty is what comes in your TV paperwork (most are 1 year) - if you purchase an extended, it just means you have overlapping coverage in year 2, not delaying the start date for AMEX.
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#55
Just to update. I looked back at this today and will be going direct with ST. For $99.99 from Costco, they will add 3 years to my 1 year for my TV.....or for $129.99 less one of the many 35% off (up to $35 coupons), or $94.99, I can book direct from ST.

Interesting find though.
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#56
Quote from pghflyer View Post :
Just to update. I looked back at this today and will be going direct with ST. For $99.99 from Costco, they will add 3 years to my 1 year for my TV.....or for $129.99 less one of the many 35% off (up to $35 coupons), or $94.99, I can book direct from ST.

Interesting find though.

The coverage limit through squaretrade might be less than the coverage limit you get through costco. The $99 plan will get you a $3999.99 coverage limit.

It also looks like I got the 5 year coverage even though I did not purchase my tv at costco.
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Last edited by magic13 December 3, 2012 at 06:17 PM
#57
Quote from pghflyer View Post :
Just to update. I looked back at this today and will be going direct with ST. For $99.99 from Costco, they will add 3 years to my 1 year for my TV.....or for $129.99 less one of the many 35% off (up to $35 coupons), or $94.99, I can book direct from ST.

Interesting find though.

are you buying 4 years to get same coverage as Costco?
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#58
You are right, math fail on my part. I would have to pay the extra $40 at ST to make it equivalent so Costco is better by basically a year.
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#59
Quote from nathanielm View Post :
This thread originally from Chokaay. I tried to bump and could not since it was so old. Give reps to him if you rep.

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Copied from original thread by Chokaay.


Thanks for the credit! I thought this thread looked familiar! Reps to you, my friend! LMAO

And I just recently bought one of these warranties from Costco for the Samsung 55" I got from Best Buy on BF... can't beat the price, coverage, or hassle-free claims process! Wink
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#60
anyone non costco member buy through the costco site?

Quote from joogle View Post :
did anyone buy a square trade warranty who was not a costco member
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