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Bhartman, your 'What if' is merely that, a 'what if'. It's long odds - that's why the Best Buys make so much money off that way of thinking.
As to medical and fire insurance - surely you see that insuring a loss that can be hundreds of thousands, or even millions of dollars, at a far lower rate per loss than an EW is, makes financial sense where paying $75 to cover a $200 device for three years makes none?
Say your house costs $750,000. At the same rate you pay for an EW, it would cost $93,750.00 per year to insure it.
Not to mention that, even with the current deflation of the housing market, your device has lost far more of its value in that time than your house has.
It's the odds that are the problem with EWs, not the concept of insurance itself.
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