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Historically, products fail during break-in, and then are reliable until wearout. The insurance outfits make their money on that fact.
I recently had a cell phone problem and they said sure it's covered by our extended warranty. But there is a copayment of $100. Heck I can get a new phone for that. An obvious scam, and I do NOT recommend extended warranties.
I was in the stereo repair business for a number of years and saw these things in a tangible fashion. I even sold extended warranties and was almost ashamed to take the money, since I knew it was mostly profit.
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