Fitness equipment is usually a significant investment, especially now with so many people choosing to workout at home. Whether you’ve invested in a new treadmill or you're building a collection of free weights, chances are you want to protect your purchase. Insuring your equipment with the best extended warranty is important to ensure that you get the value out of your purchase. It also helps if you stick to your workout plan, but that's tougher than the decision to get product protection.
This article will look at the value of having extended warranties for fitness equipment, what the most common issues are, and warranties offered by some of the most popular fitness equipment companies on the market.
Common Fitness Equipment Damages
Although most major fitness equipment brands are known for producing high-quality equipment, there are still many ways that fitness equipment can get damaged.
Based on the nature of physical activity, fitness equipment can take a beating and is some of the easiest equipment to damage. Between loose bolts, broken treads, and the effects of rough handling, it’s easy to cause physical damage to your fitness equipment. Even particles of dust, dirt, or sweat can damage your machine if they find their way inside.
Mechanical failures are another common issue with fitness equipment. Whether the fitness equipment has a manufacturing defect or an internal hardware issue, mechanical failures can take sometimes take you by surprise (think of those videos where the treadmill stops mid-run).
Beside the inconvenience and wasted money that results from broken fitness equipment, damaged or faulty fitness equipment can also present safety issues. Using damaged workout equipment can put you and your family members at risk of serious injury, sometimes unexpectedly. It's important to take appropriate steps to maintain your equipment and check periodically to see if anything is out of the ordinary. If you do come across issues, an extended warranty can save you from expensive repairs or replacements. Install the Mulberry extension and get alerts when you're shopping for fitness equipment that qualifies for extended product protection.
Fitness Equipment Warranties
Let’s take a look at the warranties provided by several of the most common workout equipment brands: Peloton, Bowflex and NordicTrack.
When you purchase a Peloton product, you’ll get a 12-month manufacturer’s warranty with the option to purchase a Peloton extended warranty called the Peloton Protection Plan.
By purchasing a Peloton Protection Plan for your bike, you’ll get an extra 36 months of protection added to the standard Peloton bike warranty. This extended protection is an extension of the limited manufacturer's warranty, but you will get coverage for some accidental damage and surge protection. The Peloton Protection Plan costs either $199 or $249, depending on whether you have the Bike or the Bike+. That's pretty expensive; comparatively, you can get a 3-year MulberryCare plan for $107 that includes accidental damage coverage. It's worth installing the extension so you can compare coverage options while you shop.
The Peloton Tread warranty is identical to the Peloton Bike warranty coverage. You’ll get an extra 36 months of protection, coverage for accidental damage, and coverage for surge protection for $249.
The length and coverage included in a Bowflex warranty varies based on the equipment you have. Most of the Bowflex warranty plans focus on increasing labor coverage if your equipment is in need of repair. Here is a brief overview of some of Bowflex’s most popular workout equipment:
Bowflex Treadmills come with what is referred to as a “15/15/5/1/2” warranty (that's a mouthful). What does that actually mean?
- 15 years of frame coverage
- 15 years of drive motor coverage
- 5 years of mechanical parts coverage
- 1 year of electronics coverage
- 2 years of labor coverage
By purchasing a Bowflex treadmill warranty plan, you can increase your labor coverage by a maximum of 5 years. The price of the plan depends on the treadmill model, but ranges from $199 to $229. For the T7, you can get a comparable MulberryCare plan for $132.
A Bowflex dumbbell warranty includes a standard warranty for parts of either 2 or 3 years. With a Bowflex dumbbell warranty, you can increase your parts warranty by another 1 to 3 years, depending on the plan you choose. Prices range from $29 to $69, depending on the model of the dumbbells and length of plan you choose. For the popular Bowflex SelectTech 552 Adjustable Dumbbells, you can get MulberryCare extended protection for just $33 for 3 years of accidental damage coverage.
NordicTrack equipment comes with a standard NordicTrack warranty that is specific to each product. However, the company also provides the option to purchase a NordicTrack extended warranty in either 3 or 5 year increments. The price of a NordicTrack extended warranty ranges anywhere from $89.99 to $489.99, depending on both the plan you choose and the value of your equipment. There are protection plans available to cover the NordicTrack Bike, the NordicTrack Elliptical, and the NordicTrack Treadmill.
You can protect your NordicTrack Treadmill with 3 years of MulberryCare coverage for only $65. A 3-Year 'Annual Maintenance Plan' from NordicTrack will cost you $89, and it only covers electronic failures, broken parts, power surges and normal wear and tear (no accidental damage). MulberryCare covers all of that, plus accidental damage like cracks and breakage.
Are there alternative warranty options?
Yes. Although most fitness equipment companies offer protection plans, it’s smart to shop around when choosing a warranty for your equipment. From the few examples above, you can see that MulberryCare provides more comprehensive coverage for significantly less.
It’s not uncommon to find a better price for even better coverage if you take a bit of time to do your research and look beyond extended warranties provided by the fitness equipment companies. Is a Peloton extended warranty worth it? It offers decent coverage, but for the price you can get comparable coverage for less. The same goes for Bowflex and NordicTrack. So before you purchase an extended warranty through the fitness equipment company, install the Mulberry extension and compare your options.