What are the benefits of buying a SquareTrade Warranty

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What are the benefits of buying a SquareTrade Warranty Plan? (Keep in mind Verizon charges $50 for less of a similar program)A SquareTrade Warranty gives you peace of mind about your purchase. If your purchase breaks or fails during normal usage, a SquareTrade warranty covers the cost of repairing your item. In cases where your item cannot be repaired, you will receive a replacement or a refund up to the original price you paid for the item.
The SquareTrade Warranty is fully loaded with features that go beyond what the manufacturer's warranty offers: Peace of Mind - Protect your purchase by getting a Product Warrany Plan. Now you won't have to worry about unexpected repair and service costs. Smart Investment - At only a few cents a day, your warranty will save you money in the long run. geplete Coverage - You're covered for Parts and Labor for the entire term of the plan - and a no lemon policy guarantees if your item breaks more than 3 times, it will be replaced for free. Convenience - With over 70,000 service centers in North America, you have easy access to manufacturer certified technicians anywhere.
SquareTrade Features:Up to 3 yearsParts