Quote:
Originally Posted by khalleron
No, it doesn't, but the likelihood you're going to break it vs. the price you pay for that coverage is all in the insurer's favor, not yours.
It's gambling with really long odds. If you insure all your electronics, the price you pay far outweighs the likelihood of actual breakage.
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I understand where you are coming from but I disagree. I paid $299 for my Sony 950. At the time, I bought a 3-year warranty that covers everything (accidental damage) for $75. My view was this: I take my 950 everywhere with me -- to the swimming pool, to the mall, to the doctor's office, etc. -- and for $25 a year, I get protection against breakage or damage, which is a lot less than having to pay $299 out of pocket again.
If nothing else, it brings peace of mind and I do not hesitate to take the 950 with me. Without the added insurance, I certainly would hesitate to take it to the pool or the mall or anywhere outside the home.
It's like homeowner's insurance. I've been paying for it for years and have never had a claim. Under your reasoning, it makes no sense to have homeowner's insurance because the likelihood of having a claim for a covered risk that exceeds my deductible is slim (if it weren't insurers wouldn't sell the insurance or would demand much higher premiums).