Quote:
Originally Posted by MsCG1
It sounds like life, and it happens every second of every day.
Just because someone has an accident with a device doesn't make them careless.
And so what if they are careless and/or accident prone, and they want to pay extra money to protect their device/investment? I honestly don't understand why some people have such a problem with planning for the worst.
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Because it takes away resources that can better be used elsewhere. It would be more financially prudent to stick that money into an emergency savings account and cover those small disasters yourself than to just fork over that money to a stranger on the long shot that something bad might happen.
A device is not an investment - it's an expense. An investment is something that earns you money, like a bank account or stocks and bonds.
Once again, extended warranties are almost pure profit for the Best Buys of the world. Why pay money for something you will probably never use?
If it's 'peace of mind' you're after, then money in the bank would still be a better investment.