Thread: Extended
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Old 02-23-2008, 12:52 PM   #2
TraceyMac
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Default Extended Warranties

This gets to be a personal decision, but since you asked, I will share my philosophy on extended warranties. In general, the company who is selling the warranty will be making money on them - otherwise they wouldn't do it. So, for the average person, you will lose money on it. Does that mean don't do it - it depends. The same logic holds true for something like home insurance - the average owner will lose money, but we all do it because the value of the potential loss is way more than we can stand to lose. So should you do it for your TM - my logic says no, if you can afford to cover whatever might fail that is covered by the warranty, if you can't afford to cover the potential loss, then the insurance might make sense - although I have a hard time thinking of any likely failure in the TM that would cost $1200 to replace. Hope my logic makes sense to at least some of you
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