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Are Extended Warranties Worth It?

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Are Extended Warranties Worth It?

Aug 18, 2025

When you purchase a vehicle, a major appliance, a laptop, or other big-ticket item, chances are you'll be asked to buy an extended warranty or service contract. Extended warranties are offered by retailers for an additional cost and cover product repairs for a specific period of time under certain conditions.

Selling extended warranties may be quite profitable for retailers because they keep a percentage of what they charge for these contracts. But are they a good deal for you? Here are some questions to consider before you pull out your wallet.

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Investment Planners, Inc.
226 W. Eldorado Street
Decatur , IL 62522

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FAX (217) 425-9581
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