Verizon Fios Contracts

September 4, 2022 Facebook Twitter LinkedIn Google+ Uncategorized

Verizon Fios Contracts: What You Need to Know

Verizon Fios is a popular fiber-optic internet, TV, and phone service provider in the United States. With over six million subscribers, the company offers reliable and high-speed internet at competitive prices. However, before subscribing to Verizon Fios, it`s essential to understand their contract terms and conditions.

Types of Contracts

Verizon Fios offers both no-contract and contract options for their services. The no-contract option allows customers to cancel their subscription anytime they wish, without incurring any additional charges. On the other hand, the contract option requires a customer to sign a two-year agreement with Verizon Fios. In return, they can enjoy discounted pricing and other promotional offers.

Contract Terms and Conditions

If you decide to sign up for a two-year contract with Verizon Fios, you should read and understand the terms and conditions before putting pen to paper. Here are some of the things to look out for:

Early Termination Fee: If you terminate your contract before the two-year term expires, Verizon Fios will charge you an early termination fee. This fee can range from $175 to $350, depending on the services you have subscribed to and the remaining months on your contract.

Equipment Rental Fee: Verizon Fios offers equipment such as routers, modems, and set-top boxes for rent. The rental fee ranges from $15 to $20 per month, depending on the type of equipment. If you terminate your contract before the two-year term expires, you will be required to return the equipment to Verizon Fios. Failure to do so will result in additional charges.

Auto-renewal: Verizon Fios contracts come with an auto-renewal clause, meaning that your contract will automatically renew for another two years if you don`t cancel it before the expiry date. This clause can be unfavorable if you`re not planning to continue using Verizon Fios` services beyond the initial contract term.

How to Cancel a Verizon Fios Contract

If you`re considering canceling your Verizon Fios contract before the two-year term expires, you should be prepared to pay an early termination fee. However, there are a few exceptions that allow you to cancel your contract without incurring any additional charges, such as:

Relocation: If you`re moving to an area where Verizon Fios doesn`t offer service, you can cancel your contract without paying an early termination fee.

Military orders: If you`re serving in the military and receive an order to relocate, you can cancel your contract without paying an early termination fee.

Dispute resolution: If you have a dispute with Verizon Fios that can`t be resolved, you can cancel your contract without paying an early termination fee.

Conclusion

Before signing up for a Verizon Fios contract, it`s important to understand the terms and conditions. A two-year contract can offer promotional discounts, but it can come with early termination fees and auto-renewal clauses. If you`re not comfortable committing to a contract, Verizon Fios also offers a no-contract option. Whatever your preference, make sure you fully understand your obligations before subscribing to Verizon Fios.