You Turned Down the Warranty
Warranties don't always make sense—like paying $3 for a two-year service plan on DVDs that cost $5, something we recently came across—but for expensive items you don't have the funds to replace, the extra reassurance could be worth it, says Manisha Thakor, CEO of MoneyZen Wealth Management LLC. About one in five people will have their iPad damaged within the first two years of ownership, reports SquareTrade, which sells two-year warranties for $99. (In our experience, frequent travelers and those who are a little on the klutzy side are well represented in this group.) Like many companies, Apple's standard warranty doesn't cover accidental damage, so any cracked screens, scratches or broken ports are up to you to replace. But the company does offer AppleCare+, which will cover up to two "oops" moments for $99 for two years, plus a possible $49 service fee. Wal-Mart also offers a two-year accident-protection plan for $69 for tablets that cost $500-$700.