Tim Meenan publishes Op Ed on Value of Extended Warranties

More and more Americans going for extended warranties

With post-holiday sales coming on everything from refrigerators (just in time for your Super Bowl party) to big-screen TVs (what better way to watch the game?),some consumer activists are again warning shoppers about extended warranties.

Don’t buy a service plan on your new mobile phone or car, they say. Just cross your fingers and save your money in case your new laptop goes bust.

Yet service contracts are more popular than ever. In fact, a new survey finds most consumers view extended warranties as a good deal.

The survey, conducted by Mason-Dixon Polling & Research, found that more than two-thirds of Americans are willing to spend a little more to save time and avoid the hassle if their device malfunctions. Almost 5 in 6 consumers who have purchased extended warranties are satisfied with their decision, according to the survey of 1,000 consumers in November.

Why? Because Americans want to sleep though the night.

The national survey found:

Entire Column: .pdf | Waco Tribune