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In the past, it was not uncommon for televisions to last anywhere from 10-15 years. Longevity was a common goal for most manufacturers. Today, however, the story is very different. Each year we have seen the general quality of video equipment come down. Selling a large number of product is the goal and to be successful you have to sell your equipment at a low, competitive price. Because of this, the overall quality of most products has decreased. The technology may be newer, but the quality is not the same. The more money you invest into your video products, the better it will be for you to also invest in a service contract. This way you are ensuring that your particular product will last for at least as long as the contract holds.
Another reason you may want to consider purchasing a service contract is to guarantee that your current TV will last until 2009-2010. This is the time when our society is scheduled to become HD ready (when the public broadcast signal will be high definition digital instead of analog). At this time, your TV will need to be HD ready. We anticipate that the price of “HD-ready” televisions will come down quite a bit at that time. If you like your current TV, now is the perfect time to buy a contract. That way you are not put into a position where you are forced to purchase a television sooner than you would like. If you don’t have a contract and your TV should go out, you are faced with the immediacy of the situation and you may end up paying more than you should for a television. You also may be faced with a bill at a time in which you are not ready for it. Having a service contract gives you peace of mind that no matter what may happen, parts and labor will be covered 100% should anything go wrong.