SquareTrade Protection Review 2023

SquareTrade Appliance Warranty Plans

SquareTrade offers extended warranties for many items, including major home appliances, such as ranges, refrigerators, dishwashers, dryers, mixers, and vacuums. Here’s the list of other covered items

• Television, Desktop, Laptop
• Smartphone, iPad, Tablet, Smart Watch
• Camera 
• Home Theatre, MP3 Player
• Gaming Gear
• Furniture
• Fitness Trackers
• Misc. Electronics

The pros of SquareTrade are you can select extended warranty plans for many products as per your need. However, due to the lack of a comprehensive warranty plan, homeowners might lose out on multiple systems and appliance coverage.

Moreover, SquareTrade provides coverage under two-time durations: 3-Year Protection Plan and 5-Year Protection Plan. Additionally, the company covers only new appliances bought in the last 30 days.

Optional Coverage

You can opt for the following coverage options with the protection plans.

• Accidental Damage From Handling (ADH): If you purchase this option with your protection plan, you can get coverage for damage from drops, spills, and liquid deterioration associated with the handling of your product (the one covered under your SquareTrade warranty). However, note that AHD does not cover theft or loss of the product. 
• Battery Coverage: SquareTrade will provide up to one battery repair or replacement during the first 2 years of your coverage term. This option will only be operational when the original battery is considered damaged by the company. 

SquareTrade Appliance Warranty Exclusions

The following types of appliance failures are excluded from the warranty:

• Any pre-existing condition
• Cosmetic damage
• Commercial use
• Intentional damage
• Misrepresented product
• Loss or theft
• Damages due to weather conditions
• Damages due to installation, transit, or delivery of the product

Moreover, SquareTrade has not detailed the coverage limits provided under the appliance warranty, However, as per the contract, it will pay for the parts and labor costs if they determine that your item can be repaired. Your plan will expire when the price of repairs or replacement equals or surpasses the coverage amount of your warranty, which is ordinarily equal to the cost of the item.

SquareTrade Appliance Warranty Cost

SquareTrade warranty cost depends on the original price of your appliance. Here’s how it goes:

For those with a limited budget for appliance protection, there may be more cost-effective options than SquareTrade’s plans. Leading providers of home warranty coverage offer comprehensive plans for between $219 and $399 that cover many items. SquareTrade may represent an expensive alternative in this context.

Note: SquareTrade may charge a deductible on the protection plans; read your contract carefully. 

Trustworthiness & Customer Service Of SquareTrade Appliance Warranty

SquareTrade offers customers a range of coverage options and the unique advantage of protection against accidental damage. Regarding reviews, our website holds a rating of 1.5/5, while Trustpilot has an estimate of 3.9/5, indicating mixed client sentiments. 

Reviews highlighted some areas where SquareTrade needs further improvement to enhance customer satisfaction—most commonly concerning delays in claims and a drawn-out process for managing them. Despite this, customers approved SquareTrade’s services, with 71% expressing appreciation on Trustpilot for their repair and replacement services. 

Overall, SquareTrade looks like a good choice if you’re looking for extended household item protection; however, consider some variables that could impact customer satisfaction levels during their experience with the provider.

SquareTrade Appliance Warranty Claim Filing Procedure

You can file a claim online at www.squaretrade.com/claim or call the company at toll-free number 1-877-927-7268. You will then need to explain the problem with the covered appliance. Additionally,  to ensure a quick service, keep the following materials handy when submitting a claim:

• Receipt of the item that you received when you purchased the product. You can submit it in either paper or email form. 
• Item Details; Depending on the item, SquareTrade may require the IMEI/MEID number, serial number, model number, information about the manufacturer, model, carrier, memory capacity, color, size, etc.

To submit a claim, your appliance is not required to be registered. However, registering your items could hasten the approval of your claim. When registering an appliance, you must:

• After purchasing your appliance, wait three days. The company may need up to three days to deliver SquareTrade the required data.
• Visit register.squaretrade.com.
• In case you need to upload your receipt, have it on hand.

For many plans, SquareTrade offers a No Lemon Policy, a feature applicable if you need a third repair for the same issue after having the appliance fixed twice within a year. In that case, rather than fixing the issue a third time, SquareTrade would allow you to replace the covered product with a similar model or give you cash to replace the appliance.

How To Buy A Home Warranty From SquareTrade Appliance Warranty?

The process of purchasing a SquareTrade Home Warranty is simple. You can head to its website, select a plan, and order it online. You may also get a free quote from our website. Read our guide to learn more about how to purchase a home warranty.

Methodology

At HomeWarrantyReviews.com, we are dedicated to providing in-depth home warranty reviews so you can choose the best home warranty company & make the most out of it. We examine, compare, and analyze the companies on the following factors:

• Pricing: We compare the costs of home warranty plans and determine if those are cost-effective. The pricing includes monthly/annual premiums, deductibles, and customer discounts.
• Coverage: We compare the plans offered by different home warranty companies. The coverage includes systems, appliances, and additional offerings.
• Claims: We look at customer reviews and determine their satisfaction with the claims filing procedure, settlement, and response times.
• Transparency: We verify if the home warranty company is licensed within the appropriate industry and offer details on the CEOs, contractors, and several settled claims.
• Uniqueness: We examine whether the company offers additional services, advantages, or coverage alternatives that set them apart.
• Customer Engagement: We assess the determination of home warranty companies responding to consumer problems in our Complaint Resolution Program.

Editorial Note On SquareTrade Appliance Warranty

Our editorial analysis suggests that the SquareTrade appliance warranty may be attractive due to its one-time payment feature. Customers with new appliances can take advantage of immediate protection on the day of purchase. Although SquareTrade can be beneficial in this regard, customers purchasing SquareTrade plans for older appliances will need to wait 30 days before coverage begins.

We also found that it may not be suitable if customers are working within tighter budget limits as its plans are sometimes costly when bought for multiple items.

Conclusion

SquareTrade home appliance warranty may be a suitable choice for your major home appliances, but we always encourage homeowners to read the terms thoroughly before signing the contract. 

Quick Details About The Company

Here are some details about SquareTrade that can help you know more about the company.