On 30/07/2010 13:39, Java Jive wrote:
Over the years, consumer advice has consistently been against paying
for such extended warranties. They are a rip-off. In fact, if you
think about, there is a sense in which all insurance is a rip-off.

The best form of insurance is to have enough money earning interest to
replace whatever it is that is being insured. That is unlikely to be
possible with your life, your house, or your legally required car
insurance, but for anything else, don't bother with it.

You pay money out for something that you hope and may actually never
happen, and it's dead money - it's gone and most likely will never
be of use to you. However, if you took that same money and put it
into a suitable account, it would be earning you interest and could
still go to replace a faulty item in the unlikely event of it being
required, and otherwise will be of such use as you wish.

On Fri, 30 Jul 2010 08:10:10 +0100, "john hamilton"
wrote:

So is it really
worth paying extra for a five year guarantee?

Whenever someone tries to sell me a warranty or insurance I say I worked
for an insurance company for 36 years and don't believe in it. Car
insurance, house and contents insurance and travel insurance I do have.