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Extended warranty plans

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My Opinion of Extended warranty plans:

Extended warranties have become a cash cow for companies who pry on the insecurity and lowered expectations of customers who don't understand, or don't care about, the fact that most failures fit a bathtub curve, meaning that extended warranties tend to cover the time of least-likely failure.

Moreover, while some people buy these plans because they don't want to worry about purchasing a new device, which requires new set-up and may lose data--these plans almost never cover data, only the physical device (and, sometimes, not even everything that was purchased).