5%, that's about what I put above.
"I read in a book about home economics that only 1 in 5 buyers of extended warranties ever makes a claim, and only 1 in 5 of those gets their money back."
I could cite the details, but I've boxed up most of my books...
another waste of money
Moderator: Moderators
-
Mooncat
- Senior Member
- Posts: 11466
- Joined: Sun Dec 23, 2007 4:11 pm
- Location: Wales
- Has thanked: 81 times
- Been thanked: 72 times
Re: another waste of money
I started out with nothing, I still have most of it.
Directmail scam information site: http://astrocat.proboards.com/index.cgi?
Directmail scam information site: http://astrocat.proboards.com/index.cgi?
-
BillyGoat
- Troll Headbutter
- Posts: 8071
- Joined: Sat Jan 01, 2011 8:20 pm
- Location: On top of a mountain, in the long grass.
- Has thanked: 386 times
- Been thanked: 796 times
Re: another waste of money
Depends on what/where the warranty is from.
A couple of years back I'd have LOTS of the exact numbers of sales vs claims, costs, payouts etc - I reckon 5 is too low. It's a big gamble though at the end of it, the costs have to form part of the margins of the product - better products carrying the worse ones, etc.
Quite interesting reading, if not in a really boring way.
Obviously in it to make money as they are certainly not charities (actually, don't get me started on charities.....)
A couple of years back I'd have LOTS of the exact numbers of sales vs claims, costs, payouts etc - I reckon 5 is too low. It's a big gamble though at the end of it, the costs have to form part of the margins of the product - better products carrying the worse ones, etc.
Quite interesting reading, if not in a really boring way.
Obviously in it to make money as they are certainly not charities (actually, don't get me started on charities.....)
Arguing with a woman is like reading a Software Licence Agreement.
In the end, you ignore everything and click "I agree".
In the end, you ignore everything and click "I agree".