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“Insurance Savings Advice & Tips On How To Save Money On All Your Insurance Needs”
“Insurance Savings Advice & Tips On How To Save Money On All Your Insurance Needs”
MISCELLANEOUS INSURANCES -
Sometimes people will consider buying flight insurance and/or baggage delay insurance, in case of injury due to an airplane incident or lost or delayed bags. This is can be expensive coverage for what you get. Often credit cards offer travel accident insurance and baggage delay insurance, when traveling on a common carrier such as a commercial airline, train, etc. Travel accident insurance is often $100,000 or greater. Check with your credit card company, or review the benefit brochure for your credit card.
Electronics & Appliance Warranties
Keep the following in mind with respect to manufacturers’ warranties and extended warranties.
1. Do not fill out the manufacturer’s warranty card and send it in until you are sure you are not going to return the product. If you do, returns will probably not be allowed.
2. Generally, do not buy an extended warranty. They are really only very expensive forms of insurance, and the store’s or manufacturer’s profit margin is very high. Stores will push these very hard, but do not buy. It’s possible if you have a big repair bill in the future, you will wish you had purchased the extended warranty, but most of the time you will be spending hundreds of dollars for nothing, especially given the fine print about what is really covered and for how much.
3. As noted earlier, If you use a credit card to make your purchase, many credit cards will extend the manufacturer’s normal warranty period. Check to see if your credit card offers this benefit; many do. Look into how you can apply for or receive this benefit.
4. One exception to this rule of not buying extended warranties is with computers.
a. Often, extended warranties on computers will also provide very helpful product and user technical support during the period of the warranty. For instance, if you become confused on a technical question, or even if your computer just starts acting funny, you can call up the technical support staff to get help. The support technician will walk you through any problems or confusion you are having and get things straightened out.
b. If it is determined that your computer needs to be serviced, the technician will
arrange for your computer to be shipped to a manufacturer’s service center for repair.
Usually, the computer will be returned to you within 5-
c. If you do buy an extended warranty on a computer, do not buy it from the retail store. They will tell you service is faster, etc., etc. The store’s warranty will be overpriced and will almost surely not provide the breadth of service and customer technical support that a manufacturer’s warranty will. So, do not get talked into a store extended warranty.
d. To buy a manufacturer’s warranty, just go to their web site and buy it directly, or get the phone number from the web site or your computer manual and call them up. It is very easy and they will probably offer extended warranties for up to four years. In most cases, the decision to buy an extended warranty from the manufacturer does not have to be made right away after the purchase. Often, as long as the computer is still under manufacturer’s warranty, you can buy the extended warranty at any time. Check with the manufacturer.
Pet insurance may or may not be a good deal. It’s just like other forms of insurance.
If by chance you end up having a lot of covered expenses it is worth it. If you
do not, it is just an extra cost. So, if your pet ends up needing some expensive
treatments or procedures, pet insurance may end up being a good purchase. But for
most pet owners, the benefits are not worth the cost. Keep in mind, pet insurance
does not typically cover routine care or pre-
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