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If a retailer offers insurance for a product, does it ever make sense to buy it?
Asked by LostInParadise (31921)
September 19th, 2015
If you are buying a refrigerator or a computer and there is a deal to get insurance for the first few years, it seems to me that the company is making money off of the insurance, meaning that on average the insurance costs are more than the repair costs. On the other hand, the repair cost for the company may be less than what it would cost the customer.
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