Forum Discussion
Fishinghat
Feb 06, 2015Explorer II
No.
Remember, warranty companies are in business to make a profit, not save you money. As a rule of thumb, never insure what you can afford to loose. You insure your car since you can't afford to buy another one, but you don't insure your pencil since you can afford to replace it.
On the other hand, if buying a warranty gives you peace of mind you can't get any other way, go for it. Some people need the reassurance they think they are getting, and that makes them happy.
Remember, warranty companies are in business to make a profit, not save you money. As a rule of thumb, never insure what you can afford to loose. You insure your car since you can't afford to buy another one, but you don't insure your pencil since you can afford to replace it.
On the other hand, if buying a warranty gives you peace of mind you can't get any other way, go for it. Some people need the reassurance they think they are getting, and that makes them happy.
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