Originally Posted by ZZman
1. Are they worth it?
2. Have or would you consider one?
3. Has one ever saved you expensive repairs?
1. No
2. Maybe
3. No
Look, somebody is making money on these, right? They're not selling you a warranty with the intent of giving away money. The insurance company is making a bet on the odds of the failure, the cost of repair, and then at least doubling, if not tripling that to calculate your premium. They have to cover the overhead of sales, administration and claims processing.
So, unless you can't afford the repair yourself, skip it, the insurance is far more expensive than the repairs are likely to be.
1. Are they worth it?
2. Have or would you consider one?
3. Has one ever saved you expensive repairs?
1. No
2. Maybe
3. No
Look, somebody is making money on these, right? They're not selling you a warranty with the intent of giving away money. The insurance company is making a bet on the odds of the failure, the cost of repair, and then at least doubling, if not tripling that to calculate your premium. They have to cover the overhead of sales, administration and claims processing.
So, unless you can't afford the repair yourself, skip it, the insurance is far more expensive than the repairs are likely to be.