Something new I see is the both XB1 and PS4 are offering extended warranties for their consoles in their stores. You can also buy them from 3rd party sellers (ie via Amazon) or from the big box retailer you purchased the console from (ie Gamestop, BestBuy).
I think I am going to buy them directly from Microsoft and Sony - each offer 3 years for $49.99. I would suggest paying the extra $10 for PS4 to get the all-risk warranty so even accidental damage is covered.
One thing worth noting is that the warranties must be purchased within 30 days of your console purchase.
As an insurance man myself I really see the value of these and would advise everyone to do the same.
I think I am going to buy them directly from Microsoft and Sony - each offer 3 years for $49.99. I would suggest paying the extra $10 for PS4 to get the all-risk warranty so even accidental damage is covered.
One thing worth noting is that the warranties must be purchased within 30 days of your console purchase.
As an insurance man myself I really see the value of these and would advise everyone to do the same.