Extended warranty. What are your thoughts
My 2017 Ford dually 350 truck has 12,000 miles on it. Thinking of buying an extended warranty????? I was picking up a B&W hitch I purchase at supply shop just after I purchased the Ford and ran into a...
Forum Discussion
BenK wrote:
That is how insurance works...the same for life insurance, health insurance, home insurance, etc. look it up and learn how insurance works
Sell many, many and just a small number will need it
Why don’t folks cancel their home insurance...because they haven’t had the need to use it?...or your health insurance because you haven’t had a need to use it?...etc
Of course...there are good insurance companies...ok insurance companies...to rotten insurance companies...
That is correct. It is a way to mitigate risk based on your tolerance and financial situation.
And for those that state, "just put the insurance amount in the bank and use that". That only works IF the repair is cheaper than the premium. But you are purchasing the insurance/warranty to protect from a repair greater than the premium.
