More business coverage The warranties, often marketed as service plans, are technically insurance products on which the premiums are paid in a lump sum at time of purchase. Extended warranties general...

This article discusses the difference between an Mechanical Breakdown warranty and a Wear and Tear warranty. The article lists common errors people make when buying warranties.

As more expensive and complicated products hit the shelves, consumers will spend $1.6 billion on extended warranties for big-screen televisions and appliances this holiday season.

The Washington Post is reporting that extended warranties are just not worth the price, that the insurance companies involved are shady, and so on.Neither Circuit City nor Best Buy discloses how much of its bottom line comes from extended warranty

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