Do not buy a warranty on a toaster: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{a|maxim|{{image|Toaster|png|No. Just No.}}}}{{maxim|Do not buy a warranty on a toaster}}. Do not insure things you can afford to replace. ''Solvent'' insurers necessarily overprice the actual probability of the loss in question: those who do not will not remain solvent, and insurers who do not remain solvent are no good to you. If you are concerned a £35 toaster might fail then, instead of spending £10 on a three-year warranty, spend £10 on a better toaster. The in...") |
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Latest revision as of 15:42, 21 February 2024
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Do not buy a warranty on a toaster. Do not insure things you can afford to replace. Solvent insurers necessarily overprice the actual probability of the loss in question: those who do not will not remain solvent, and insurers who do not remain solvent are no good to you.
If you are concerned a £35 toaster might fail then, instead of spending £10 on a three-year warranty, spend £10 on a better toaster. The insurance is predicated on one of the following scenarios being true:
- The toaster doesn’t actually break.
-
The toaster breaks but:
- Forget you bought a warranty
- Lost your warranty
- Couldn’t be arsed claiming under your warranty.
- Could be arsed, until the warranty provider delayed responding to your claim for nine months, then wrongly declined it, then referred you to a premium complaints line, until you couldn’t be arsed carrying on.
This covers 95% of all potential warranty claims on toasters.