You can sit and argue, until the end of time, about the value of buying an extended warranty from a retailer and still get no where. While the debate will never end, the fact doesn't change that electronics do fail and Verizon is hoping that people will worry enough to turn to them for help.
In comes the Verizon Protection Pak (sic). The service will offer protection for televisions, computers, and landline phones regardless of their age. Protecting all the televisions in your home will run a cool $9.99 (U.S.) a month and it'll be an additional $9.99 if you also wish to cover all the PC's in your home. If you only want to cover one PC, you can save a few bucks and pay $6.99 a month. If you're really attached to your landline phones, $4.99 a month will also cover all of the phones in your residence, though we're not sure how many people are that desperate to save their phones once they fail.
The service is decently comprehensive, netting you repair and replacement coverage, including on-site service for larger devices, and power surge protection, for computers, televisions and telephones. The "Enhanced package" will also cover computer monitors (19" or smaller), modems, keyboards, mice, remote controls and FiOS backup batteries.
Not all is peaches and cream, though, as there are a few catches. First and foremost, pre-existing issues will not be covered under the plan. There will also be a $75 service fee attached to any work done on televisions, computers, and monitors. Lastly, Verizon insists that claims can not exceed $2,500 for televisions or PCs and $400 for phones for every 12 month rolling period.