Is Square Trade Protection Plan Worth It?

Yes, it is. Square Trade’s Protection Plan policies provide you with comprehensive coverage for your devices at a very affordable price, and it also offers a 30-day risk-free trial to ensure your satisfaction. Additionally, it either repairs your products or pays the overall replacement costs for your product within five working days. For this reason, it remains the most affordable device warranty provider that seamlessly covers ordinary malfunctions and common accidents.

More often than not, we tend to avoid extended warranties peddled to us by most companies because they do not necessarily cover any issues that may come up when using our electronic devices. Other times it’s because some people sell warranties to make crazy profits. This, however, isn’t the case with Square Trade. Among the greatest benefits of purchasing any Square Trade Protection Plans is that they cover accidental damages, and you have the choice to purchase an extended warranty for any device, whether new or refurbished. Additionally, there are no deductibles in any of their plans, which if you ask me, is a great bonus!

What does the Square Trade Protection Plan Cover?

Generally, the type of coverage that you get for your devices entirely depends on the Square Trade Protection Plan that you choose. There are two Square Trade Protection Plans- the Standard Square Trade Warranty and the Accidental Damage and Handling (ADH) Coverage.

The Standard Square Trade Warranty protects your electronic devices against any mechanical and electronic issues that may come up during normal use of your device. It offers 100% coverage on labor and hardware parts with zero deductibles. A few examples of issues covered under the standard warranty include digital camera sensor failures, iPod or phone batteries that stop charging, computer hard drive failures, and cell phone keypads that get stuck.

The Accidental Damage and Handling (ADH) coverage, on the other hand, is a great choice for new, store-purchased items. It simply protects your devices against any unintended or unexpected events such as drops and spills. It is offered as an option for GPS devices, cameras, MP3 players, laptops, and any other portable product. Unfortunately, it does not cater for any refurbished or second-hand items neither does it cover gross misuse, loss, or willful damage. You may want to opt for Square Trade’s Accidental Damage and Handling cover for expensive items such as phones and tablets that are susceptible to being damaged from water exposure or frequent falling during use.

A Summary Table

Square Trade Protection Plan
Standard Square Trade Warranty
Additional Accident Damage and Handling Coverage
Coverage
Mechanical and electronic issues that may come up during normal use
Unintended or Unexpected events during normal use
Ideal for
New, used, and refurbished devices
New, store-purchased items

What are the Key Features of Square Trade Protection Plans?

  • Coverage Amount

If your devices need replacement, Square Trade reimburses you the full amount that you originally paid for your item. Sometimes, this amount may be determined by the current market price and shouldn’t exceed the amount you paid when purchasing your product. For repairs, they take time to repair your products up to a time when the maximum value that you paid for your electronic device has been reached.

  • Accidental Damage from Handling

Sometimes we aren’t the most careful when using our electronic devices. Based on this train of thought, there are times when we may spill a drink on our devices, which could lead to an electronic failure or we may accidentally drop our phones on the floor unknowingly. Unfortunately, most manufacturer warranties do not cater to any of these issues. On the brighter side, Square Trade’s protection plan covers any spills, drops, or other accidental damages that may come up during normal use.

  • Length of Coverage

Generally, if you have any used or refurbished items, coverage starts the day after the manufacturer warranty on your electronic device has expired. In this case, Square Trade Protection Plan coverage last for a year and can go up to 2 years. For newer, store-purchased items, coverage lasts for about two to five years and starts on the day of purchase.

  • eBay Purchases

Square Trade has created specialized coverage plans for any used, refurbished, and new devices that you may purchase through eBay. This helps you save a ton when it comes to repairs and replacements.

What is excluded from Square Trade protection plans?

  • Accidental Damage

Accidental damage is only covered if you opt for the additional ADH coverage. Otherwise, the standard protection plan does not cover any accidental damages that may occur to your devices. For this reason, you are advised to add the ADH coverage to your protection plan for added benefits along the way.

  • Pre-Existing Defects

If you choose to purchase the Square Trade protection plan for a used or refurbished item, you should know that it does not cover any defects or conditions that your device has before you purchased the warranty.

  • Accessories and Consumer Replaceable Parts

Unfortunately, Square Trade does not cover any item or part that did not come with the original item that you initially purchased. Also, it does cater for disposable batteries and any other easily replaceable accessories.

  • Software

If you are experiencing any software issues with your electronic device, you may need to incur more costs as it is not catered for by Square Trade protection plans. The extended warranty only covers hardware and parts.

Conclusion

Square Trade offers a great extended warranty package for almost all your mobile devices including tablet PCs and eReaders. It also caters to expensive laptops and LCD TVs. Overall, it ensures all your needs are met and individual preferences satisfied by keeping their prices pocket friendly, which makes it a perfect decision when you need an extended warranty for your used, refurbished, or new items.

FAQs

  1. Will the Square Trade Protection Plan cover cracked screens on my mobile devices?

Yes, it will. Square Trade Smartphone Protection Plans cover cracked screens on any mobile device. It also covers one battery repair, spills, and liquid damages, and mechanical and electrical failures on your mobile phone.

  1. Do I need to pay any monthly fees for my Square Trade Protection Plans?

No, you don’t. It is a one-time payment. The one-time payment is what you pay to purchase the protection plan. After that, you shouldn’t expect any recurring fees when using a Square Trade Protection Plan.

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