It's the best deal yet in after-warranty protection! You buy the Product Replacement Plan when you purchase an appliance priced under $250.00 and register it by phone or on-line. The Plan guarantees that if the product fails, you will receive not a repair or a reconditioned replacement, but a brand-new product or reimbursement. Coverage extends for one full year from the date of purchase and is fully transferable to future owners. For an item to qualify for this guarantee, you must purchase this guarantee within 30 days of purchasing your item.