Discussion in 'Current Events' started by wkmac, Jul 7, 2012.
The Oil Change Co-Pay
Well written and informative article.
It has been my approach to not carry insurance for anything I cannot afford to replace unless it is required by law.
I carry insurance on my houses because it would hurt, really bad, if I had to replace. I also have a $5000 deductible on my houses since I can afford that.
I do not carry full coverage on my vehicles because I can afford to replace.
I do not have any other type of insurance because the cost to replace times probability is less than the insurance cost.
UPS provided Healthcare is mostly just that - a Health Care program. Very little of what is provided is actually what I would categorize as insurance.
I never, ever carry insurance for anything that costs less than a $2000 such as you get pressured to buy at Car Dealerships, Sears, Best Buy, Staples, Apple (iPhone, iPad), etc.
These are just sucker programs.
I worked in a car dealership and those extended warranty programs that they sell for thousands only cost them hundreds, so that's where a lot of the money is made.
Also, if you buy a 2 year extension on that appliance for sure, it won't break until that warranty expires.....that's the way it is.
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