Brian Cooley: Are Extended Warranties On Tech Gifts Worth It?
(KPIX 5) - If you buy a big ticket tech item this holiday season, you may be tempted to get some sort of extended warranty on it. We typically advise against that.
Factory warranties are typically a year on a lot of tech products and that's much shorter than the product may last, but consider extended coverage from your credit card company that might add a year right off the bat. Double the warranty for free is common.
Moreover, extended warranties you buy often run concurrently with the factory warranty, not after it. That means the first year you paid for is a waste.