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Tuesday, July 19, 2011

Insurance: Extended warranties - yea or nay?

You just bought the appliance, or the shiny new gadget, or the car. Now the salesperson is offering an extended warranty on the product. A couple recent articles on this topic with the general advice to avoid them. Save your insurance dollars to protect against catastrophic losses, and pay for the occasional repair. If they were money losers for the manufacturer or retailer, they would stop selling them.

Saying No To Service Plans (Palisades Hudson Financial Group)
Extended Warranties: Deal or no Deal? (Fox Business)

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