- The Finance Gourmet

SquareTrade Review Save Money on Warranties

September 14, 2023April 26, 2023 by Finance Gourmet

Is SquareTrade legit or is SquareTrade a scam? It gets complicated so SquareTrade reviews are a good place to start to see if it fits your needs. Our Square Trade review is based on experience and reading the fine print. Warranty Scam History The economy is a little shaky, but you still have needs and wants. Everyone else is in the same boat, including businesses who still have to sell products if they want to make a profit. If you have a good cash reserve and the opportunity arises, now could be a good time to get a great deal on things like electronics, washers and dryers, televisions, kitchen appliances and so on. Last century, big box electronics shops like Circuit City began competing against the lower prices and better deals found online by offering prices that were just as good. However, that meant they didn’t make very much profit because of the overhead of running a store. They countered by aggressively selling extended warranties to their customers. Soon, virtually all of the profit from some electronics chains was from warranties. Unfortunately for them, but fortunately for everyone else, customers soon caught on and came prepared for the warranty hard …

Is SquareTrade a Good Deal

August 22, 2022August 10, 2020 by Finance Gourmet

SquareTrade has been bought by Allstate. Allstate is an insurance company that does auto, home, and life insurance. They now do item protection plans like SquareTrade used to do. I first wrote about SquareTrade back in 2009. At the time, I was overjoyed at the concept of warranties from Square Trade. If you don’t remember, 2009 was the era of incredibly overpriced extended warranties from electronics stores. It turns out that companies like Circuit City were selling merchandise at a tiny profit, and making all of their money by having their salespeople push high cost extended warranties on anything. Even worse, when you tried to collect on that coverage, it turned out that your warranty wasn’t actually from the company you bought it from, but some business you never heard of, and that didn’t really care what you thought about them, their service, or their coverage. Is SquareTrade a Scam? First off, SquareTrade is a legitimate company. It is now part of Allstate and they seem to be doing away with the name in favor of Allstate Protection plans. They’ve been in business for a long time now and have plenty of satisfied customers. However, there are some complaints about …