From appliances to electronics, there seems to be an extended warranty for everything these days.
While you're more than likely to get a heavy sales pitch touting all the benefits when shopping, consumer advocates say these plans, which can cost hundreds of dollars depending on the product you're covering, generally are not worth the money.
"It's a bit of a scam. These are money-makers for retailers and they push them pretty hard," said Bob Hunter, director of insurance for the nonprofit Consumer Federation of America. "There's also huge commissions on these products."
Warranties or extended service plans function like insurance, said Hunter, and for every dollar you spend you'll only get pennies back.