On Jan 18, 5:32*am, micky wrote:
On Jeopardy tonight, one of the 3 contestatnts was an actuary but not
for people.

He worked for a "home improvement" company, and with statistics, he
predicted how long your refrigerator would last. * So that they could
sell exteneded warrantees at the right price.

When Trebec asked him if they were as good as fridges 40, 50 years
ago, he said "It a shame, it really is."

IMO, you're beter off with no extended warranty. *That way your a self
insurer and you get to keep the profit you'll likely make. *If you
really can't afford another fridge when this one breaks, buy a
second-hand one.

Exactly so.
In the UK a couple of years back, when you bought anything, the
salesperson would spend the next few minutes trying to sell insurance.
It's stopped now, I think everyone wised up.

Mind you,some manufacturers are offering "lifetime guarantees".
Wonder exactly what that means?