If you’ve recently purchased a treadmill, or are considering doing so, congratulations on prioritizing your health and fitness! Having the ability to work out from the comfort of your home is a smart choice.
However, the moment that you commit to buying a treadmill, the store you’re buying from will probably push you hard to buy an extended warranty. But is that extended treadmill warranty worth it? And if so, should you buy one from the big box retailer, or are there better options to consider?
Are Treadmill Warranties Worth It?
Treadmills are expensive investments, and they’re intended to last for many years. They are made from durable materials with designs meant to stand abuse from tough workouts. That’s part of what makes them worth the investment.
The only problem? Treadmills, by their very design, have many moving parts and can break down over time. After all, 150 to 200 pounds (or more) of repeated footfalls crash down on them day after day, mile after mile. Not only that, modern treadmills contain intricate electronics and some even include screens with tablet-like features.
The point here is this: there are a lot of things on a treadmill that can and do break. Once the manufacturer’s warranty expires, you don’t want to be on the hook for an expensive service call every time something happens. According to Thumbtack
, most repair companies charge between $100 to $200 per hour, not including the cost of parts. A new motor costs around $500 and a new belt costs between $200 to $300!
Thankfully, you can protect your investment with an Upsie warranty. Upsie’s warranties are significantly more affordable than warranties from retailers. For example, an Upsie warranty for a $1,500 treadmill
costs just $141.99. Best of all, Upsie doesn’t charge a deductible for fitness equipment claims. This could save you $700 or more on repairs.
So, because of the way treadmills work and the way they are used, we say extended treadmill warranties are definitely worth it.
What Is Covered Under a Treadmill Warranty Plan?
The specifics of coverage will vary from plan to plan, so it’s a good idea to be certain of what’s in a plan before you buy. A decade ago or more, there were lots of sketchy warranties on the market. Warranty policies were riddled with exceptions and fine print. This created a bad reputation for extended warranties, according to CNBC
. Thankfully, better legislation has run many of those bad actors out of business, so this is less common today.
Still, not every warranty covers the same things. At Upsie, extended warranties are comprehensive, affordable, and transparent. All fitness extended warranties
cover the following categories:
- Mechanical failure (manufacturer defects and non-accidental failures to motors, gears, internal tubing, computer chips, rotors, and other internal moving parts)
- Pedal malfunction
- Ball bearing replacement
- Touchscreen failure
- Battery failure
- Bluetooth failure
Upsie treadmill extended warranties cover major areas of potential damage and failure. As a result, you won’t be left hanging with an expensive repair. That said, it’s a good idea to make sure your treadmill is actually broken before starting a claim. Many common treadmill problems
can be fixed or avoided entirely with effective home maintenance
What Is the Claims and Repair Process Like for a Treadmill?
Although we can’t speak for all warranty providers, Upsie’s claims and repair process is simple. If something goes wrong with your insured fitness equipment, simply call Upsie’s claims line. A real person will answer, 24/7. That person will verify whether your claim is covered. Customers can make unlimited claims up to the purchase price of the equipment.
Fitness equipment is obviously too bulky for you to mail in, so Upsie sends the technician to you. If the machine can be repaired, it will be.
What if My Treadmill Can’t Be Repaired?
If you have a covered claim and the service technician determines that your machine is unrepairable, Upsie will replace it on the first claim. It’s as simple as that!
How Long Do I Have to Purchase a Warranty Plan?
Customers can purchase an Upsie extended warranty for treadmills and other fitness equipment bought within the last 11 months. Simply visit the fitness extended warranties page and fill in your information to get started.
You’ll have a choice between a 3-year and a 5-year warranty, both for costs far lower than Upsie’s competitors. And the best part? There are no deductibles on Upsie fitness equipment extended warranties
Can I Get an Extended Warranty on a Used Treadmill?
Unfortunately, used fitness equipment cannot be covered because of all the abuse that treadmills tend to take. Also, because Upsie can’t verify what the previous owner did to the treadmill, Upsie does not offer extended treadmill warranties on used treadmills.
On the other hand, Upsie does offer the ability to transfer an existing Upsie treadmill warranty to a new owner if you should choose to sell a covered treadmill to another party. All you need to do is click the “Transfer Warranty” button in your account on the Upsie site.
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