by 
The Curious Bag
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<h4 class="dechead">On One Hand: An Extended Warranty May Not Be Necessary
According to a 2007 study by Consumer Reports, LCD TVs only had a 3 percent repair rate, making extended warranties unnecessary. The majority of people in the study did not pay for their repairs because their TVs were still under manufacturer warranty. Those who did pay only paid an average of $264.
On the Other: You May Find an Extended Warranty Beneficial
Consumer Reports found that some brands of LCD TVs have a higher repair rate, such as Hitachi and Dell. You may want an extended warranty if you own one of these brands or if a television repair bill would be a burden.
Bottom Line
Consider your personal finances when deciding whether to buy an extended warranty for an LCD TV. If an extended warranty would give you peace of mind or avoid financial hardship, purchase it. Consumer Reports advises spending no more than 15 percent of a TV's purchase price on an extended warranty if you do buy one.
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