Most helpful positive review
48 of 56 people found the following review helpful
Return of unused product
on March 1, 2014
I purchased this warranty with spills and drop protection to cover a $1100 laptop. I know some folks will tell you that these are foolish add-on buys that you rarely need, and the may be right for many consumers. In my case, though, I know the usage I'll give a laptop like this. I'm a professor that teaches both online and on campus. My laptop is a MUST HAVE item, so if it breaks I really can't afford to buy another one so soon after initial purchase. Having the warranty/extra coverage is well worth the price. In the last two years alone IVE used one of these warranties for three items out of the 8 - 9 new products I have purchased. Total savings was the value of the insurance ($275) vs the value of new items if I had to replaced the dropped or defective ones ($3650).
So you can easily see that in my case, I came out well ahead because of the insurance. Of Course, I think you have to use good business sense when considering this type of purchase, here's my short list of considerations:
1. What is the item cost as a ratio to the insurance cost. I generally don't buy anything at less than a 5:1 ratio of value to insurance cost, As an example, a $9 personal labeller with a $4.50 insurance coverage simply isn't worth it. On the other hand, a $1250 laptop with a $75 replacement warranty is worth it, usually.
2. What type of use will the product get (i.e., how tough will you be on it.) In my case, I would be using the laptop in the field a lot when I teach our class on forensic taphonomy -- digging up dead bodies for criminal or civil litigation purposes. A year ago I replaced a nice DLSR by buying a Nikon D90 with extra long telephoto (600mm ) lens that we use in our criminal surveillance and intelligence class. Both of these items get heavy use often under less than ideal conditions. So you can see the use and cost question will help make the decision.
3. Finally, consider your budget for replacement along with the question of what will you do if it breaks and you can't afford to replace the item. Sometimes insurance is really just purchased piece of mind.
Hope this helps.