If a retailer offers insurance for a product, does it ever make sense to buy it?

1 Answer

Answer :

I never buy Maintenance Contracts or Service Agreements for those reasons. The only exception I made was for a portable propane heater since the first one I had barely lasted one season.

Related questions

Description : Can one buy employment insurance privately and not just from the government?

Last Answer : One should never need to buy insurance for unemployment. One can pay whatever one assumes the premiums should be into a savings account - and then draw down on that account during times of unemployment ... your door, and beat it down to buy your product and live off of your generosity forever.

Description : Should I buy home owners insurance for an apartment?

Last Answer : Unless you own it you don’t get homeowners, what you can get is content insurance which will cover your belongings in case of a fire, or theft, but if you don’t have that much worth in stuff not really worth it.

Description : Can I buy insurance on academic failure for burnout in university?

Last Answer : I suppose if you come up with enough money, you can get someone to insure just about anything.

Description : Why do people buy life insurance for their babies and kids?

Last Answer : They too need to be buried/burned/recycled, and that probably is not cheap either.

Description : Homeowners insurance question - is there a good rule of thumb about how much personal property insurance one should buy?

Last Answer : Just got my policy also and it had jumped up 200 from last year with no claims on the policy ever. I shopped around and found that AARP had a much lower price. I went with 50% and AARP.

Description : Does this health plan mean that folks who don't want insurance still have to buy it?

Last Answer : You buy a plan or pay a fine.

Description : Should I buy collision insurance for my older car?

Last Answer : Depends. The insurance you need to have is liability and damage to another vehicle so that if you injure someone, or damage someone's car in an accident, you have some coverage. Collision insurance for an old car ... tends to go up. If the car is worth less than $4000, it's probably not worth it.

Description : Should I buy comprehensive insurance for my used car?

Last Answer : answer:If it is the classic in your picture- yeah, probably. Comprehensive covers things other than crashes with other cars (e.g. a flood ruins your car). It's just about risk vs. benefit I suppose. You might ... it or vice versa. However, you asked this in 2006 and I assume you're all set by now :)

Description : What kind of insurance should I buy from a rental car company?

Last Answer : It depends on how much liability you want to leave with your personal insurance company. this decision is completely in your court... many people buy everything to have no risk whatsoever.. other people take their chances and don't take anything... or take partial coverage, etc

Description : Do you think insurance companies would ever get to the point where obese people are required to have weight loss surgery or be dropped from their health insurance policies?

Last Answer : No, I don't think surgery will be required. I predict the rates obese people pay for insurance will be significantly higher first. I can foresee a time when a notice will be give that at your ... BMI must either be below a certain number, or you must show an x% reduction since the previous year.

Description : Have any of you ever gotten screwed by your medical insurance? Were you able to do anything about it?

Last Answer : Our insurance insisted that my daughter's hospital stay when she was 10 days old was due to a pre-existing condition. They demanded to know what doctors she had seen for this condition during the ... emergency admission? Ours does and won't pay unless you have a really good reason for not calling.

Description : Texas Auto Accident - Which insurance company do you make a claim against?

Last Answer : You call your own company and get a police report.

Description : Can someone make the zombie that they will become when they die the beneficiary of their life insurance polacy?

Last Answer : I don’t think you can leave anything for the “undead”, but then again, I don’t think there’s a clause for that….

Description : How long do you carry full coverage insurance on your vehicle?

Last Answer : I drop Comp and Collision after about 6–8 years or when the value of the car is such that it probably wouldn’t be worth repairing if it was damaged. Liability of course, you keep forever.

Description : Do you have pet insurance?

Last Answer : What company is doing pet insurance?

Description : What's the best way to obtain insurance for a first-time car buyer?

Last Answer : Have her get quotes from AAA, State Farm, and Geico. All will give you free quotes. Has your daughter been on anyone else's (yours) insurance? That insurance will happily give her a rate based on moving ... on my policy so she could give it to the agent, even though she was coming off my policy.

Description : How to sell "security" technologies to banks, insurance companies or FinTechs (tips and tricks)?

Last Answer : Is the methodology to reach out to decision makers and interview/survey them? or simply glean insights from experienced insiders with knowledge of this process? Those seem like excellent questions, and ... on that to look for patterns such as seasonality or correlations with data breaches etc.?

Description : Is it insurance fraud to have insurance but choose to self pay for medical services?

Last Answer : That’s a stupid computer system. You are not required to use insurance if you don’t want to. If you want to pay cash, that’s your choice, not theirs.

Description : Find old insurance policy information?

Last Answer : Good luck. You might find evidence of this in corporate records, if they still exist. But no insurance company would pay out on the basis of that sort of evidence. If it's flood insurace - that's ... (fire, theft, etc.) is likely long lost, since the policies would have expired 50 years ago.

Description : Can a life insurance company deny payment to someone who has chosen NOT to get the Covid vaccination?

Last Answer : Suicide is defined by intent. If you kill yourself by accident (reckless driving, extreme sports, accidental overdose, etc.), life insurance would likely pay out to your beneficiaries. If there is evidence ... not their intended outcome - so, no. (All this courtesy of my law school graduate wife)

Description : Is AAA accident insurance a good idea?

Last Answer : Here’s a good source of car insurance reviews .

Description : My iPhone was stolen and my insurance has not yet provided a voucher number. How do I procede with this?

Last Answer : All cell phones can be traced. Get your cell phone provider to track its location. This should had been the first thing to do as well as talking to the security at the store for video of the theft ... would be suspicious as to who was telling you to purchase a new one and then yours is lost? hmmmm

Description : Does health insurance cover aides coming to your house?

Last Answer : No, not normal insurance. Health aides are covered for a period of time (change dressing, take BP, administer medicines). Housework like cleaning, cooking, etc. – is not covered by normal health insurance. You can get supplemental (Aflac and such) that will cover other services, but that’s extra.

Description : Do motorized wheelchairs need insurance and do the users need a drivers licence where you live?

Last Answer : NO, they're not treated like automobiles more like bicycles so no insurance, no drivers license & no tags. They are also not supposed to be used in the roadway but are supposed to be used on the ... moments. Don't think I've heard of anybody here being run over by an electric wheelchair either!!!

Description : Has anyone applied for the Market Place 2018 (Obama) health care insurance or had it before?

Last Answer : I did it for 2017. I feel like I didn't have great advice from other people when I did. I will likely make too much money and wind up owing money. I knew I would be cutting it close though, ... marketplace and subsidy was going to be my best option, I wish I had had a broader discussion with her.

Description : Where can I get cheap home renters insurance , In Canada, for a short period of time?

Last Answer : From what little I know about insurance, it may cost you a lot more than $20 for a week if they would even write a one week policy (the paperwork for the policy and office are the ... should include the insurance and licensing fees which in the USA is hundreds if not thousands of dollars.

Description : What insurance company covers OEM parts?

Last Answer : I don't know if there are any insurance companies that will do OEM only. Since 1970 most insurance companies can insist the will only pay for aftermarket parts, OEM differences are paid for by the ... importing parts for VW, Toyota, Datsun and others; we were making a killing at the body shops.

Description : Do I still need life insurance?

Last Answer : You might consider having enough to pay off outstanding medical bills and/or funeral expenses.

Description : What would be a good quote to go on an insurance company's website?

Last Answer : answer:The last insurance quote I got was $6,000 for my mother’s 12 year old car after she literally ran into a brick wall. That was a good quote. Sorry, couldn’t resist. Nobody was hurt, thank goodness.

Description : Is mortgage protection insurance a scam?

Last Answer : answer:It isn't so much of a scam (there are legit mortgage insurance plans) as much as it is preying on fears. Over the life of a mortgage, the premium would stay the same, but the amount ... to pay that on a $375K balance? There are much better ways to protect your assets and provide for things.

Description : Do you know anyone who has alien abduction insurance?

Last Answer : I’ll write you a policy, 1 million coverage at $50,000 per year premium. Prove abduction, you get paid.

Description : Why does the government think I don't have insurance when I do?

Last Answer : Talk to United and Humana and get a proof of payment to submit.

Description : Who has no health insurance coverage?

Last Answer : I don’t. I live in Australia. Woot it doesn’t matter yay!

Description : How did insurance companies decide on the value of human life at $5 million?

Last Answer : Link

Description : How often have you said, "Thank God I have (health) insurance!"?

Last Answer : answer:All the time. I have A LOT of medical issues on top of my mental issues. I went into the ER one night, stayed there until admitted the next morning. I had my gallbladder out that day, spent the ... that one day I'll get a letter saying I owe $50,000 for this surgery. I was/am amazed.

Description : Insurance question: Should a mortgagor (bank) be liable for some or all of the deductible?

Last Answer : answer:Nice try, but no. In every house I have purchased, there have been clauses in that 30-page contract that put insurance and such all on you. It’s a nice dream, but that’s all.

Description : How can seniors save money on auto insurance?

Last Answer : answer:(I thought at first this question was spam.) As it says in the article, if they are driving shorter distances they should report that to their agent and see if that will lower their premiums. Also, ... is more important is if one would have enough money to live on if the other is ill or dies.

Description : Should hypochondriacs have to pay more for their health insurance?

Last Answer : answer:This is a difficult concept to address, as determining actual hypochondria can be dicey. Your friend sounds like an extreme case, therefore fairly easy to diagnose, but often people (mostly ... call to make, there are conditions that are difficult to diagnose, and therefore oft dismissed.

Description : Does Home Insurance cover the expense of living after home damage due to Flood?

Last Answer : answer:Regular home insurance does not cover flood from the outside at all. If you flood from your plumbing that is usually covered. If you have water damage from the wind breaking ... refer to flood insurance they specifically are talking about flooding from the outside unless otherwise specified.

Description : If your country has socialized medicine does that mean you don't have to pay for coverage on your home owners and auto insurance?

Last Answer : You do mean liability coverage don’t you because homeowners and auto cover a lot more than just liability?

Description : This is for anyone living in the US, if you don't have medical insurance do you have to pay to have your children vaccinated?

Last Answer : answer:If you are willing to make a few calls you can certainly get them for free. The vaccines them self are incredibly cheap. Here is a list of prices for the actual vaccine. Note those prices are ... a personal choice and cost does not play a role unless your child never ever goes to a doctor.

Description : Can you please tell me how deadlines and open enrollment have improved health insurance coverage in the United States?

Last Answer : answer:It's been like that for a very long time. It didn't just start happening. If you get hired and you pass the probation period, they will give you the health benefits at that time. If he had been ... I'm not sure about the laws in your state. This is how it's been here since I can remember.

Description : Should my son have to carry health insurance on his daughter?

Last Answer : answer:It sounds like your son is electing to have family, rather than individual coverage and that's why he's paying the extra. Usually one plan will be primary and submitted to first and then ... 's mother unless there is a divorce stipulation that he provide. Boy, life can sure be complicated!

Description : Where do you find affordable dental insurance when your employer does not provide the option?

Last Answer : answer:Dental insurance is terrible in the US. If your employer has a cafeteria plan, get in on that. Your contributions are not taxed, and you spend it on medical/dental expenses. Effectively you get a huge discount on medical spending. That won’t help you this year, though.

Description : What can you tell me about getting insurance licensing?

Last Answer : This job description I was given says I need to complete “BIA training.” When I google it in conjunction with “Insurance” it comes up with Bangladesh Insurance Academy Is that what BIA is??

Description : Have you heard of an insurance company doctor doing this?

Last Answer : Did he work for their insurance company? There is something missing in this story; it sounds very bizarre. Did she question him before letting him stick needles in their toes.

Description : Mandatory health insurance, car insurance... Why not mandatory life, home, renter insurance too?

Last Answer : In many cases home insurance is mandatory or they will not let you buy the home.

Description : Can I own a car without a licence or insurance if I don't plan to drive it?

Last Answer : I don’t know the laws in Canada but in the US (California anyway) you would have to file an affidavit stating that the car was non operative. You can get XM on a handheld device and if you want to spend money on a nice chair you can

Description : Which people lost their previous insurance because of the ACA, and why did they lose it?

Last Answer : answer:The people who lost the plans were those who were stuck in the middle between too rich for medicaid and not being offered a plan by their employer. It was cancelled for two reasons. Plans ... save money, the insurer just dumps the customer on the exchange to purchase a shitier, cheaper plan.

Description : What insurance companies come under the ACA?

Last Answer : answer:You are correct. The ACA just sets minumim requirements and sets up exchanges. It is up to the insurance companies to decide what is covered. Take posts on FB with a healthy grain of salt.