I have several (broken) items that have a lifetime warranty. The problem with the lifetime warranty is that they want me to send the item back to the company at my expense, and send them a specified amount for return shipping and handling. I have a Totes umbrella that costs $12 new (it is still available in stores for that price). They want $5 for shipping and handling, and i have to ship it to them at just under $8. I would almost be better off buying a new one. I have a Chinese made scope that costs me $20. The LT warranty says to include $10 for return shipping and handling. It cost about $8 to ship it back. The scope broke the second time I used it. If they send me another scope that breaks, I will be out $18. I also have a cheapo calculator I bought for $1 that has a LT warranty. They want $5 return shipping. Lifetime warranties sound good, but you don't really get anything for free. My guess is the Totes umbrella only costs $2 to make, and the scope only costs $5, so I end up buying a new item anyways, but they call it a LT warranty.