"Eric" wrote in message
...
xrongor wrote:


"Greg O" wrote in message
...

"User" wrote in message
news:sysWd.3036$Ru.1580@okepread06...
Should I renew the waranty or keep the $300?


Look back at the money you have spent on premiums. Then look at what you
have had repaired. My bet is you have spent many times more in premiums
than what the insurance has covered. A second bet is that if you had
saved to money for yourself that you paid in premiums you could buy a
new
heat pump with it, and have money left over.
Greg

just because you never needed it, doesnt mean its not a good idea. ive
payed much more in car insurance than ive used. i could still hit a kid
tomorrow and get sued for a million bucks....

which isnt to say this person should or shouldnt renew the warranty.
just
that its a matter of risk vs reward and should be analyzed as such. its
not so simple to just say i didnt need it in the past therefore i
shouldnt
get it.

randy
Insurance is a scam, they go out of their way to instill the fear of an
accident or other calamity in you so you'll buy it but the risk is quite
low. Then if you do have a claim, lots of times they get out of paying
because you didn't quite fit the conditions of the policy. Finally, once
you've had a claim they raise your rates to get the money back. If they
cant get it all back that way then they raise everyone's rates till they
do.
The insurance companies were so successful in this scam that now car
insurance (for example) is required. But consider this: if everyone is
required to have car insurance, why did the cost of "uninsured motorists"
coverage rise?
Sure, you could hit a kid tomorrow (God Forbid!) and be sued for a million
bucks, but the chances are slim and the only chance of getting a million
buck is if you do have insurance. If most people didn't have insurance the
average lawsuit amount would be far far less than the million you worry
about - after all... you cant get blood out of a turnip.
Eric

if you dont think its worth it, dont buy it..

hating the system doesnt seem like the best way to base your decision..

randy