I would skip on SquareTrade. I see it more of a prepaid service contract, not warranty. The only thing that makes it sound like insurance is the fact that they're making a bet with you that the product will last more than 3 years.
Let's suppose you purchase a TV for $1500. SquareTrade covers you for the amount of the puchase, in this example, $1500.
So let's say your screen goes out on you in the first year and it costs $1200 to replace, you will have $300 left for the next two years. Now let's say the next year you have an electronic component fail and it costs $300. That brings the total covered to $1500, leaving you no coverage for the last year.
Now let's change things up. Let's say the second repair was $500 instead of $300. You would have to pay the balance.
Let's suppose you purchase a TV for $1500. SquareTrade covers you for the amount of the puchase, in this example, $1500.
So let's say your screen goes out on you in the first year and it costs $1200 to replace, you will have $300 left for the next two years. Now let's say the next year you have an electronic component fail and it costs $300. That brings the total covered to $1500, leaving you no coverage for the last year.
Now let's change things up. Let's say the second repair was $500 instead of $300. You would have to pay the balance.

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