SquareTrade Announces Warranty + Guaranteed Buyback Package for Verizon iPhone

SAN FRANCISCO, Feb. 10, 2011 /PRNewswire/ -- SquareTrade announced today a new program that includes a TechForward Guaranteed Buyback plan with a SquareTrade iPhone or iPad warranty, at no additional cost to the customer.

SquareTrade's iPhone Warranty, the best alternative to overpriced iPhone Insurance, protects against drops, spills, and other common accidents, as well as all normal mechanical and electrical failures for 2 years.   TechForward's Guaranteed Buyback plan allows users to buy electronics with confidence, knowing that they will get cash back for their devices should they decide to upgrade to the latest model before 2 years.

The Guaranteed Buyback plan provides users with a percentage of the unsubsidized price of the phone, before any carrier discounts, when they decide they want to upgrade to a new phone.  The amount the customer gets back changes depending on when they return their phone - from 50% for the first six months, to 40% for months 6-12, 30% for months 12-18, and 20% for months 18-24.

To celebrate the launch of the iPhone 4 for Verizon, from now until February 14th, SquareTrade is offering this 2 year Warranty plus Guaranteed Buyback plan on the iPhone for just $81, a 35% discount from SquareTrade's base retail price of $124.99.  For a limited time after February 14th, SquareTrade will continue to offer the Guaranteed Buyback plan as part of its standard iPhone and iPad warranties, priced at $99 and $96 respectively.

"By bundling SquareTrade with TechForward, we are able to provide Verizon iPhone customers with a great way to hedge against the risk of both iPhone failure and early upgrade envy," notes Steve Abernethy, CEO of SquareTrade.  "Users who want a Verizon iPhone now can do so, get a warranty, and know that they'll get some of their cash back should they decide to upgrade to the iPhone 5 before the year is over."

"SquareTrade's initiative to give customers a Guaranteed Buyback plan along with their iPhone and iPad warranty shows how innovative they are as a warranty provider," said Jade Van Doren, CEO of TechForward.  "The combined product provides customers with a complete package that is unique in the market today."

SquareTrade iPhone and iPad warranties can be purchased from http://www.squaretrade.com.

About SquareTrade

Founded in 1999, SquareTrade offers warranties that make sense, with fair prices, no-pressure sales, and no-hassle service. It offers consumers an alternative to other overpriced and under-serviced warranties at a price point that is 40% less on average. The company boasts millions of customers who have consistently rated the warranty service 5-star reviews. SquareTrade was named one of PC Magazine's Top 100 Websites of 2010, awarded BizRate's Circle of Excellence for 2010, and is a finalist for the 2011 Stevie Award for Sales & Customer Service.  SquareTrade is privately held and headquartered in San Francisco. For more information, go to www.squaretrade.com.

About TechForward

TechForward gives customers the flexibility to upgrade their computers and electronics more affordably, easily, and responsibly. Their Guaranteed Buyback® product takes the uncertainty out of upgrading by guaranteeing future trade-in values for devices at the point and time of sale, by making the trade-in process easy, and by reusing or recycling returned devices. TechForward was the first to market in 2006 with this innovative product for consumer electronics. TechForward, Inc. is a privately-held company based in Los Angeles.

SOURCE SquareTrade