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Old 04-01-2018, 02:24 PM   #21
richfaa
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Why would we think a Extended warranty company should be not for profit.
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Old 04-02-2018, 08:29 AM   #22
BiggarView
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If it makes you feel better, I retract the "for profit" of my prior post.

Now, having said that, restating my position... money going out of my pockets into somebody elses, somebody who is less interested in me and more interested in getting a piece of my repair spending action. I'd prefer not to do that, if you are okay with it... a choice. More power to you.
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Old 04-02-2018, 09:12 AM   #23
richfaa
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Do you not have health insurance, Homeowners insurance, Auto, truck, RV insurance, Life insurance. I am curious as to the rational of companies not making a profit.
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Old 04-02-2018, 09:34 AM   #24
BiggarView
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Not suggesting companies not make a profit. Not against insurance either, but where I can, I'd prefer to self-insure. If the law or other entity requires me to have insurance I'll get what's best for me or potentially seek other alternatives. Pretty sure no law will ever put in force to require me to have an extended warranty.

Beyond that, Have a nice day.
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Old 04-02-2018, 10:01 AM   #25
richfaa
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To self insure is a personal choice and OK for those that chose to. You did clarify that you did not intend to suggest that extended warranty companies should be not for profit.

We can not afford to self insure against large losses so we pay a premium that we can afford. In our case our Extended warranty has been of benefit to us.
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Old 04-03-2018, 08:14 PM   #26
Phil P
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Hi

I have self insured my aircraft hull insurance not liability for over 50 years I lost the last 3 in a Hurricane.

When I added it all up I came out over $1,000,000 ahead of the insurance companies.

Phil P
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Old 04-04-2018, 08:34 AM   #27
richfaa
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In terms of the RV extended warranties they have always paid out more than we paid in.

Home, auto ,Rv and health insurance is another story.I have no way of calculating the total Home owners insurance we have paid out over the last 50 years with little return.

Helen's last Health care bill was over 60K cost to us 3K as she was not yet on Medicare.

With the track record on RV failures we felt a Extended warranty was necessary.
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