Originally Posted by basketb
An extended warranty usually provides two things:
1. a huge profit margin for the insurer.
2. piece of mind for the insured.
If you need the latter, by all means get an extended warranty. However, if you think you need an extended warranty beyond the one year Panasonic provides (for an additional one to three years) because you think your TV might break, you should ask yourself why you purchased that model in the first place.
Check your credit card as well. Some credit cards automatically extend the manufactuer's warranty. American Express, for example, doubles the manufacturer's warranty and that may be enough. I just bought a Mitsubishi 3D TV and bought the extended warranty for piece of mind. I had a Sony LCD rear projection that had the bulb "mess up" about a month after I bought it. the warranty took care of it and paid for it self. It has worked fine since. Moral of the story, sometimes warranties are money sinks and sometimes theyare actually good value.