Verizon customers are getting dinged once again. This time the cost of both the Extended Warranty and Total Protection (TEP) will go up $1.01 for basic phones and smartphones besides the iPhone. The new monthly cost for the Extended warranty will be $3.00, and TEP will run you $8.
The changes will affect both new and existing customers, but current subscribers will get a 2 month reprieve. The price increases will go into effect for new customers on July 25th, but not for existing customers until September 26th. So your bill shouldn’t go up for the remainder of the summer, at least.
A Verizon source elaborated on the price changes, and reasoning behind them:
Why the price change?
We work to deliver a superior customer experience and to maintain costs so that our customers can protect their wireless investments. To continue to offer customers the best choices in wireless equipment protection, the EW and TEC price is changing.
Timing
-New customers: effective date is 7/25/13. New customers include those who are:
- New to Verizon Wireless and to EW or TEC.
- Existing customers adding EW or TEC for the first time to an existing or new line of service.
-Existing customers with EW or TEC service: effective date is 9/26/13.
-Existing customers will be sent notification letters of the price change between 7/10/13- 7/26/13.
[Via: Droid Life]