[BiggarView]

Originally Posted by AZ Traveler

Pat,

Recommend you save your $ by self insuring.

X2. Don't forget those extended warranties also have incident deductibles that come out of your pocket before they pay so you can also budget for that too. At $3000ish for a plan if you put 200 a month aside monthly, the premium will be in your bank acct in 15 months give or take waiting to be used or not. Alternately you could or just put the entire premium all into a separate emergency savings account and fund it with 10-20 a month to cover any future deductible payments and then if a warranty issue comes up simply divide the repair cost into 12, 24 or 36 equal amounts and refill the fund as you go. Again, if you never have an issue the money you set aside for it is in your acct and not handed over to an insurance company and gone forever.

It's insurance and you are gambling you'll use it more than you paid for it and the insurance plan is gambling you won't and they are the ones that devised the plan, set the rates so they do not lose money... you do the math. Yeah, self insuring can be pain since it requires you to use some grey matter BUt if you can afford to self insure you are mostly to be miles ahead than letting somebody else take your money for the same thing.