Top critical review
20 people found this helpful
More like a $12 extended return plan
on December 28, 2016
I purchased this prior to dealing with another Square Trade policy I have. The Square Trade fine print has just come to my attention and is as follows:
"THE VALUE OF YOUR COVERAGE:
The value of your Protection Plan is in most cases equal to the purchase price of your item. Each time you file a valid claim, and we provide repair, the total value of your coverage is reduced by the cost of the repairs.
Then if you file another valid claim with us on the same item, and repairs are estimated to cost more than the remaining value of your Protection Plan, the remaining value of your Protection Plan will be offered instead.”
I question how this is going to work with my camera flash. A simple repair to re-solder a loose USB connection on my perviously covered tablet with SquareTrade was billed as a $150 repair charge against the total covered value of the tablet. If it costs $150 to solder a connection, I can't imagine that they will be able to do much of anything by way of repair to a $75 camera flash before they exceed the covered value of the item. In other words, when you purchase this protection plan, you are essentially purchasing a one time refund of the purchase price of the flash, not a 3 year protection plan. For the $12, it isn't a bad deal. But the marketing is deceptive.