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So at this point you have recovered
$850 of the cost of the warranty. How much did it cost you? Maybe because of the AZ heat, you are the one who should buy the protection.
Every time I think it a good idea to buy one, I remind myself that for every $100 they collect, less than $20 finds its way back into the hands of the insured via the repair shop. The rest is overhead, commissions and big profit.
3 years ago I had the chance to buy one or take a $3k discount. I took the discount. At the end of the warranty period I could have bought, I'm about $2.5k ahead.
By self insuring everything I can't afford to pay for (things like health, auto and personal liability are the exceptions, you have to buy those), I figure to save the 80% all those warranties would have cost me and, over a lifetime, I'll save enough to afford that 3.6 swap if it is ever necessary. Heck, at my age, it could be a 3.6TT.
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