Consumer Reports recommends skipping extended warranties. These warranties are usually difficult to cash in on, thanks to the fine print that leads to a great deal of claim rejections. You may even have to cover part of the repair cost, at which point the warranty may or may not have saved you real money. Most modern electronics are extremely reliable, making an extended warranty usually unnecessary. It's often helpful to check online reviews for a particular product or brand to get a better idea of whether the warranty is the most cost-effective choice.