Warranty on new TV.

I always decline these things. They are a big moneymaker for the company selling them. By the time the manufacturer's warranty runs out, you'll want a bigger/better TV anyway and they will probably cost $40 by then.

They typically set these "insurance" figures around 13-15%.
$40 on a $300 investment.

However, that percentage is greater than the manufacture defect ratio. So, they almost always make a profit. Like gambling at a casino. The odds are in their favor.

However, 4 years isn't a bad term. Alot of times, they'll offer you one or two at 15% on things like refrigerators, etc.... where it is super expensive, but they know the market statistics and try to maximize their profit.

When LCD TVs where fairly new the Sam's Club manager offered me a 4 year warranty for $30 if I upgraded my Sam's Club account. Bought a 52" Sony. About a year or two later a car hit a power pole on my street and the transformer blew up with resulting damage to the TV. I would get occasional ghosting images on the TV. I called the ext. warranty and they sent me the latest 52" Sony with few new features. They told me to do what I wanted with the old one. It's in my shop and I turn it on occasionally but haven't watched it enough to see if it still has the intermitent problem.

That's the only ext. warranty I have ever purchased.

Thanks for the quick answers