by Bethers » Thu May 17, 2012 12:13 pm
As Birdie says, one shoe doesn't fit all. But look at the cost of the warranty and decide if you can put that aside annually towards the types of repairs - plus don't forget the deductible. And yes, READ the small print. Know exactly what you're getting. An extended warranty would have broken even for me the year I got the new fridge and microwave. Yep, broken EVEN. That's the time I thought I should have gotten one. But after paying the deductible, paying for the warranty, etc etc - it wouldn't have been a good deal. That was 2007, I believe. Now, possibly an extended warranty would have helped with the generator I removed. But, all the repairs on it were NOT covered - they would have covered replacing it - and they have to feel replacing was better than covering.
And as Birdie says, I agree with Lenora and Irmi - I don't believe that for most people extended warranties are worth it. Yes, there are the exceptions that make them worth it for some - but those are the exceptions or the companies wouldn't offer them at all.
Beth
“Dare to live the life you have dreamed for yourself. Go forward and make your dreams come true.” ~ Ralph Waldo Emerson ~
"He who treasures the small things in life has found the path to true happiness"