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How product protection can save you money in the long run

Man sitting at a table with his laptop open checking items on a virtual checklist

Have you ever debated buying the extended warranty on a large purchase, decided against it, and regretted it when your product broke soon after? This situation is exactly why it’s important to buy product protection. When you're left without a protection plan, you're on the hook for expensive repair and replacement costs, which can take a big bite out of your wallet.

Product protection is important to ensure you're covered in case of any potential accidents or damage. When you subscribe to Mulberry Unlimited, you can get coverage for all your online purchases, including major appliances and electronics, under the same product protection plan, for just $9.99 a month. It's a great way to get market-leading product protection for less.

Protect unlimited online purchases for $9.99/month

5 ways you’ll benefit from product protection

Making the up-front investment on your items can help you save money in the long run. Here’s how.

1. Avoid repair costs

Most manufacturer warranty plans do not fully cover the cost of repairs to your items, which can make the process of getting a part fixed nearly as costly as the item itself. Consumers without product protection will often wind up buying new items instead of investing in repairs for this very reason. Not only is it costly to source the parts for the repair, but the labor time is also a major factor. Product protection can help you get coverage for both cost factors to reduce the price of repairs.

2. Avoid product replacement costs

This is closely connected to repair costs. When you don’t have coverage for repairs, it’s more likely that you’ll choose to buy an entirely new item as a replacement. This is far more costly in the long run, because you are likely to incur numerous instances of accidental damage over your lifetime. Without a product protection plan, you could wind up buying new items on a regular basis, such as every time you break a phone screen, drop a laptop, or spill on an item of furniture.

3. Make your items last longer

Many of our appliances, electronics, and expensive purchases are built to last for several years. A product protection plan can help ensure that you get the full lifespan out of all your items. Make your mattress last ten years, your laptop last five, and your fridge last 12 by getting free repairs and replacements when you need them. Otherwise, you might let your items quickly deteriorate and be forced to make a large purchase before you're ready.

4. Get coverage for accidents

Most of the damage our items incur are a result of mistakes and accidents, not manufacturer faults. This means that manufacturer warranties don’t cover the most common issues, leaving you vulnerable to make up for those expenses yourself. The likelihood that you’ll drop your phone, and the screen will crack, is higher than the likelihood that the manufacturer will pay for a potential repair. Because of this, product protection is a reliable way to save money in the long-term.

5. Get benefits and discounts on other purchases

Many extended product protection plans, either offered by the retailer or through third parties, provide benefits and discounts on other purchases that you make. This can help you save money through discounts and deals when looking for electronics, appliances, and more. As a result, product protection plans can be a helpful financial tool to save money on items beyond the one you are protecting.

Protect your purchases with Mulberry

If you're worried about spending excess funds on repairs and damages, then buying product protection is the best way to put your mind at ease. With a Mulberry Unlimited subscription, you can gain access to product protection for all your online purchases under the same plan, for just $9.99 a month.

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About the author

Mulberry is on a mission to help consumers protect the things they buy while saving on everyday financial products. The Mulberry browser extension allows consumers to get free 1-year product protection plans wherever they shop online, plus savings on extended coverage and other financial products.

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