"User" wrote in message
news:sysWd.3036$Ru.1580@okepread06...

My home warranty is about to expire. They want $300 or so to renew it. I

1. Any objective decision depends on two things,
large numbers and actuarial accuracy. The only
actuaries who have looked at this situation are the
ones who calculated it would be profitable overall for
the company to offer a rewewal for $300.

2. The second aspect is insurance. The point of
insurance is that you really do not want to collect
it (because you do not want your house to burn
down or that your car be stolen) but it is there to
soften the blow in case of need. What you want
is peace of mind, not quiite the same thing as
cashing in after a fire or burglary etc.

--
Don Phillipson
Carlsbad Springs
(Ottawa, Canada)