SquareTrade Warranties

Had no clue which forum this belonged in so figured no harm no foul posting it here. So some basic questions for those who might know...

1. When purchasing a protection plan, do you purchase based on the amount you paid for an item or do you purchase a plan based on what it would actually cost to replace the item?

2. So let's say I purchase an item from an ebay storefront and instead of purchasing the $300 Squaretrade on ebay, am I ok to purchase the protection plan on Amazon for example? How does that work exactly?

Thanks - I know it sounds stupid to ask and is probably fairly obvious... I read their FAQ but more or less looking for confirmation from those of you that have used it in the past!

Nevermind I am an idiot and should have read further down on the Amazon page lol

I suggest you go on-line and check reviews and complaints of SquareTrade service plans. You will see there's a lot of complaints about SquareTrade not providing prompt and reliable service and about them offering customers lowball cash settlements instead of repairing high-ticket items. Most of these consumer extended service plans are the same.

Also note that you can purchase a SquareTrade plan directly from the SquareTrade website for any new product purchased within the past 30-days. I've also seen SquareTrade and other service plans offered on used gear when purchased at the same time on the same order via eBay.