Anybody have any experience buy an extended warranty for their rocket? Are the available directly from triumph or just warranty companies?
ALL extended warranties are a form of insurance regardless of how they're classified under laws of a given state. You are paying a consideration to protect yourself or some other party against future loss or financial burden. That is insurance.On 2006-12-03 20:21, Diego wrote:
I use the word "underwritten" deliberately because they are, in a sense, insurance policies. Some are actually products of insurance companies, although not called insurance because that puts them under an additional layer of regulation in most jurisdictions.
Bingo!On 2006-12-03 20:21, Diego wrote:
Like any other form of organized gambling, the odds are always in the house's favor. Some folks will benefit from having an extended warranty. Most would do just as well to set that money aside in a bank account in case something does happen between the 24th month (when the real warranty expires) and whenever the loan is finally paid off.
You're taking what's the wise approach generally speaking. People who put some money aside in savings can afford to pay for a repair once in awhile and come out ahead over buying extended warranties which are profit enhancement for the seller.On 2006-12-14 20:57, Ugarte wrote:
I've never bought an extended warranty on anything, and have never needed one. I figure I am so far ahead now that I could get hit with a big repair bill and still be ahead.
One reason, maybe the main reason, I don't buy them is they wouldn't give me any peace of mind. I could just see myself fighting the warranty company tooth and nail to get them to honor the warrantee, or discover at a later date that the fine print precluded coverage of the particular problem I was having.