We rarely RARELY buy warranty's.
You know.... those things that the cashiers at Best Buy always do their spiel about at the end of the sale of a major appliance or electronic device?
We don't buy them.
We didn't buy one for our new stove, refrigerator and dishwasher. We didn't buy one for our washing machine and dryer. We didn't buy one for any of our TV's or DVD players. There were no warranty's purchased for any of our phones and I didn't buy one for my camera, which was a $300.00 business investment at the time of purchase.
It's a hassle turning down the warranty's because the salesperson always repeats the coverage, after you've said no once, as if we simply didn't hear it the first time... and with a repeat... well we may just go ahead and change our minds. Do the salespeople get some kind of bonus for selling the warranty? I don't know. But, we don't buy them.
I usually don't worry much about NOT purchasing the warranty although the salesperson that sold us our glass top stove had me sweating a little after he made me envision dropping something heavy from the microwave that sits above our stove onto the glass top and shattering it. "The warranty will cover the repair of the glass" he said. But we said "no thanks".
And so far... *please pause for a second to knock on wood* ... we have not once needed a warranty that we passed on purchasing.
On the other hand, we were brilliant enough to buy warranty's for our childrens (expensive) items, like XBOX 360, Guitar Hero and Sara's Kodak Easy share camera.
The XBOX 360 broke down, not once but twice. It was repaired or replaced for free both times.
Sara's friend "dropped" her camera the other day and the warranty specifically covers "dropped camera's". It just came back to us in the mail today... good as new.
I just heard one of the kids complaining the other day that the drum pedal for Guitar Hero isn't working like it should. Bang away children and party like a rock star ... that baby's under warranty!