Shopping at a big box retailer these days is like walking through Washington Square Park at midnight; everyone’s trying to sell you something bad that you don’t want or need. From the sales people on the floor to the cashier, store employees are heavily incented to hard-sell you on extended warranties, aka “protection plans.”
In-store stooges will tell you all manner of half-truths and outright lies, to get you to plunk down hundreds of dollars extra to add an extra year or two to your warranty. They don’t tell you that most products don’t break in the 3-year warranty period, that the first year is usually handled by the manufacturer anyway and that, after a couple of years, most gadgets aren’t even worth repairing if they do break.
Solution: With few exceptions, you should never buy an extended warranty. If you’re a small business and want to purchase additional service options for your corporate computers directly from the manufacturer (Dell, Lenovo, HP), it might make some sense. But when the blue shirts try to scare a few Franklins out of you, just keep walking.