Read this: Reason for buying an extended warranty...would you?

Started Jul 26, 2007 | Discussions thread
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Re: Read this: Reason for buying an extended warranty...would you?
In reply to mtndew, Jul 26, 2007

mtndew wrote:

I wish I had gotten one for my wife's 1st camera. I would be
$250.00 richer.

Sorry to hear about your $250 loss! However, you probably would have been out a lot more than $250 by now if you had been paying for extended warranties on all the camera equipment (and sundry other items) you had previously purchased.

The way I figure it, buying insurance is like gambling: the house will always make a net gain, and the customers will always experience a net loss. Otherwise, nobody would get into the insurance business. Therefore, unless I was particularly accident prone, I would not cause myself the net loss that results from habitually investing in extended warranties.

Best wishes,

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