On Fri, 22 Mar 2013 07:49:44 -0500, CRNG
wrote:

I've noticed EWs are often discussed here. It looks like the lame
stream media is finally getting a clue.

Don’t buy the extended warranty – ever
http://shopping.yahoo.com/blogs/digital-crave/don-t-buy-extended-warranty-ever-172056749.html;_ylt=Ak3vt8O.bvj7WoqY0HXTpMKs0NUE;_ ylu=X3oDMTJsM3NzZzU2BG1pdANIQ01PTCBvbiBhcnRpY2xlIH JpZ2h0IHJhaWwEcGtnA2lkLTMxMzQzMDcEcG9zAzEEc2VjA01l ZGlhQkNhcm91c2VsTWl4ZWRIQ00EdmVyAzc-;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z


Like most generalizations it's usually true but not always. For big
ticket items where the repair cost would be a killer sometimes the
warranty is worth the protection. The fallacy many people make is
that they think if they pay $1500 for the warranty and only need it to
cover $400 in repairs they were on the losing end. That's not true,
the expectation with ANY insurance (that's what these warranties
really are) is that for the vast majority of purchasers the insurance
will cost more then the financial benefit you get. You don't really
buy them expecting to break even or come out ahead, you buy them for
piece of mind... Just like you buy homeowners insurance. Just because
you'll almost assuredly NEVER have your house burn down very very few
people are willing to risk that cost should it happen. Is it worth it
on every $100 printer you buy, almost definitely not. However, if you
are buying that printer as a give for your grandmother who is living 3
states away on social security perhaps it might make sense so she
doesn't fret about the printer breaking and not having the money to
fix it.