“It’s important to admit ignorance; otherwise, you’re arrogant,” Glenn Fleishman reports for Macworld. “I had no idea that the extended-warranty plans, AppleCare and AppleCare+, could be refunded on a pro-rata basis for the unused remaining portion, despite ostensibly being a veteran reporter of things Apple.”
“Apple says its formula varies by country,” Fleishman reports. “This is because countries and regions have varying rules about how warranties must be honored and rebated. In the United States, the formula is, paraphrased: ‘Original cost pro-rated for time remaining less the value of any service used and less a cancellation fee of either $25 or 10 percent of the pro-rated remaining value, whichever is lower.'”
“On a $99 AppleCare+ plan after 12 months exactly and no service incidents, you’d have $49.50 in value left,” Fleishman reports. “Since $25 is more than 10 percent of that amount ($4.95), Apple would subtract that lesser value, for a net of about $44. While not huge, it’s not nothing, either. For a computer, it could be larger. A $349 MacBook Pro plan after a year would result in $233 remaining in value, less $23.30, or about $209.”
Read more in the full article here.
MacDailyNews Take: We’re not AppleCare users (extended warranties are generally a waste of money), so we’ve not lost anything over the years by not collecting any pro-rated amounts, but, AppleCare buyers, have you left any money on the table over the years?