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Allstate wants to protect your washing machine, too?

The Insurance giant is betting on the warranty business.

Allstate wants to protect your washing machine, too?
Joe Raedle/Getty Images

Raise your hand if you’ve bought an appliance or smartphone or other device this holiday seasons … and been offered some kind of extended warranty or service plan. Apparently plenty of folks are shelling out for that extra peace of mind. The insurance giant Allstate has announced it’s buying Square Trade, a big provider of those warranties, for the price tag of $1.4 billion. 

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