If you’ve recently purchased a treadmill, or are considering doing so, congratulations on prioritizing your health and fitness! Especially in this current pandemic, having the ability to work out from the comfort of your home is a smart choice.
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 from them. 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 be durable goods. They ought to last you for many years. That’s part of what makes them worth the investment.
The only problem? Treadmills, by their very design, have many of moving parts and have to stand up to lots of abuse. 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-$200 per hour, not including the cost of parts. A new motor costs around $500 and a new belt costs between $200-$300! A $200 warranty for that $1,500 treadmill from Upsie
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 what’s in a plan before you buy. A decade ago or more, there were lots of sketchy warranties on the market. They carved out tons of exceptions and generally 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 likely today.
Still, not every warranty covers the same things. Here at Upsie, we make it quite simple. 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 those major areas of potential damage and failure, so you won’t get 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?
Again, we can’t speak for all warranty providers, but at Upsie the claims and repair process is simple. If something goes wrong with your insured fitness equipment, simply call Upsie’s claims line. A real person living in the USA will answer, 24/7. That person will verify whether your claim is covered.
Fitness equipment is obviously too bulky for you to mail in to us, so we send 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.It’s as simple as that!
How Long Do I Have to Purchase a Warranty Plan?
Upsie extended warranties can be purchased anywhere within the first 11 months of owning your treadmill or other fitness equipment. 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 reasonable costs far lower than our 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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