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Groups > misc.phone.mobile.iphone > #197016
| From | -hh <recscuba_google@huntzinger.com> |
|---|---|
| Newsgroups | misc.phone.mobile.iphone, comp.sys.mac.advocacy |
| Subject | Re: Why would anyone buy an extended warranty on a phone? |
| Date | 2025-08-08 16:00 -0400 |
| Organization | A noiseless patient Spider |
| Message-ID | <1075l02$mlpq$2@dont-email.me> (permalink) |
| References | (6 earlier) <106tdl1$2sma7$1@dont-email.me> <1070kjq$31dg$1@nnrp.usenet.blueworldhosting.com> <1070n29$3lsnb$1@dont-email.me> <10730on$3j5pk$5@dont-email.me> <1074hhf$2ge5$1@nnrp.usenet.blueworldhosting.com> |
Cross-posted to 2 groups.
On 8/8/25 05:54, Marion wrote: > ... > Maybe I'm stupid & you trolls are smarter than I (i.e., Alan Baker, Jolly > Roger, Tom Elam, -hh & Your Name) - which - if true - you can prove it. Already accomplished. >>> Every choice to buy insurance is a gamble. >> >> Precisely, and from a business model standpoint, the insurance costs >> have to exceed the expected average cost of claims, plus overhead, in >> order for the insurance company to remain fiscally viable. This means >> that it is always statistically against the customer, yet they often >> elect to buy insurance anyway, for a variety of reasons. > ... > Which means, on average, the customer loses. > Unless they know something the insurance company doesn't know. > > Because then (and only then) the insurance company calculations would be > overly optimistic in terms of how much money the insurance company makes. > > But if you tell the truth on insurance applications & claims, then, on > average, you will always pay more for insurance than for the losses. > > Hence, it's a logical psychological conclusion that you probably should > consider only paying insurance on things you can't very easily replace. Incorrect, as has already been explained: there's more factors under consideration than merely if one can afford it or not. Another example is one of personal convenience & time savings. If you've ever had an accident with a rental car while not paying for the carrier's insurance, you'd have a better insight on these ramifications. >> Well, he does have one valid point here: the cost of collision >> insurance on their 30 year old clunker isn't a good value. > > All my vehicles are old because I maintain them myself, and, since I paid > cash for them at the time I bought them new, I didn't need collision. Except that paying cash isn't really a factor which determines if insurance is required: it is the party who holds the title who decides. Car loans commonly require having collision & comprehensive: they're the party who's primarily incurring the risk of loss, so its their decision they make as a condition of the loan. Don't like that? Go elsewhere. > I've written tutorials on how to mount and balance tires at home... Irrelevant, although that does reinforce that your opinion is quite likely being biased by your financial situation & ability to afford. > But to insure a car that isn't worth the money for insurance is folly. Hence, your's ain't no collectable(s). As you posted separately: My vehicles are a bimmer and a few Toyotas, none of which are collectibles. The bimmer is always broken but the Toyota's last forever. If your BMW is broken down all the time, blame its mechanic. Ditto for the rest of the hulks resting on cinder blocks in the yard. > I own multiple homes ... With or without counting the garden shed in back? /s > Of course, if I moved into one of them, I'd lose the rent, but my main > point you seem to understand, which is that insurance is a calculation. None of which has anything to do with insurance, so its not clear why this aside was mentioned. Copying Tommy's brag attempts? > All you get out of insurance is being able to fix/replace something that > you wouldn't otherwise be able to fix/replace it - which is valuable. No, that's not the only thing that one gets out of insurance, since one can insure for more than one's present net worth: a classic example of that is of life insurance, especially of term life when young. > But not for a phone.Maybe, maybe not: depends on one's free cash flow, as well as other personal factors, including time. -hh
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Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-07-26 04:03 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-07-25 21:32 -0700
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-07-26 11:38 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-07-26 17:51 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-07-26 19:55 -0700
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-07-29 07:07 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-07-29 22:42 +0000
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-07-29 22:42 +0000
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-07-29 12:01 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-07-29 22:42 +0000
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-08-05 13:05 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-06 22:22 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-06 16:04 -0700
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-07 16:02 -0400
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-08-07 19:04 -0400
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-07 22:55 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-08 10:37 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-08 09:06 -0400
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-08 10:29 -0700
Re: Why would anyone buy an extended warranty on a phone? Your Name <YourName@YourISP.com> - 2025-08-08 18:32 +1200
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-08 09:16 -0400
Re: Why would anyone buy an extended warranty on a phone? Your Name <YourName@YourISP.com> - 2025-08-09 10:24 +1200
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-08 10:24 +0000
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-08 09:54 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-08 16:00 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-08 23:05 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-09 14:56 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-10 22:41 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-10 17:11 -0700
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-10 20:45 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-11 15:33 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-11 14:20 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-11 20:17 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-11 19:33 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-12 01:40 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-12 09:05 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-12 17:27 +0000
Re: Why would anyone buy an extended warranty on a phone? -hh <recscuba_google@huntzinger.com> - 2025-08-12 14:29 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-12 19:54 +0000
Re: Why would anyone buy an extended warranty on a phone? Chris <ithinkiam@gmail.com> - 2025-08-14 17:21 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-14 10:40 -0700
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-08-17 16:08 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-19 11:21 +0000
Re: Why would anyone buy an extended warranty on a phone? sms <scharf.steven@geemail.com> - 2025-08-07 16:11 -0700
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-08 10:57 +0000
Re: Why would anyone buy an extended warranty on a phone? Your Name <YourName@YourISP.com> - 2025-07-27 09:41 +1200
Re: Why would anyone buy an extended warranty on a phone? Tyrone <none@none.none> - 2025-07-26 16:18 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-07-26 09:47 -0700
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-07-26 08:40 -0400
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-07-26 09:07 -0700
Re: Why would anyone buy an extended warranty on a phone? Your Name <YourName@YourISP.com> - 2025-07-27 09:37 +1200
Re: Why would anyone buy an extended warranty on a phone? sms <scharf.steven@geemail.com> - 2025-08-07 11:14 -0700
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-07-29 12:02 -0400
Re: Why would anyone buy an extended warranty on a phone? Tom Elam <thomas.e.elam@gmail.com> - 2025-08-11 10:06 -0400
Re: Why would anyone buy an extended warranty on a phone? Marion <marion@facts.com> - 2025-08-11 15:34 +0000
Re: Why would anyone buy an extended warranty on a phone? sms <scharf.steven@geemail.com> - 2025-08-13 11:25 -0700
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-13 11:46 -0700
Re: Why would anyone buy an extended warranty on a phone? Jolly Roger <jollyroger@pobox.com> - 2025-08-13 19:07 +0000
Re: Why would anyone buy an extended warranty on a phone? Alan <nuh-uh@nope.com> - 2025-08-13 12:34 -0700
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