EstherP wrote:
From the very first time I was offered extended warranty, I asked how much it would be, declined, then went home and put that amount of money in my savings account. When a few years ago, my computer crashed, I bought a new one using the cash from that account - and had money left over!!!
Still doing the same thing today, I have in fact become my own insurer. Not just for photography and computers, but anything extended warranty is offered for.
EstherP
I totally agree. If you examine the accounts of many companies like this, their commercial viability results from selling extended warrantees
If I had taken them out with everything I get offered them for I would be paying thousands a year just to keep companies in business. In reality I've needed none of them and if I had I've saved hundreds of times more than the worst case scenario would ever cost me.