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Originally Posted by GTO Well, is insurance worth it? I have not made a single claim on any of my insurance policies in the last gazillion years. And I pay lakhs every year in premiums alone for my cars, home and office. Distant analogy but you can see the similarities. Yet, I am sure that most of us do opt for comprehensive versus thirdparty coverage, dont we?
Extended warranties are nothing but simple insurance covers against something that may go wrong in your car. And the odds of that happening against theft / accidental damage is probably the same. If not more. |
Hi,
With all due respect if you already have insurance then why opt for additional insurance (in your own words it is a simple insurance). Please dont get me wrong. I have nothing against all who opt for the same but they should be aware of what they get covered under the same. It is mostly only the corporates and company registered cars who generally go in for comprehensive cover to avail of tax benfits. Also individuals who avail of loans on their car have to go in for full coverage to protect the financers.
Viper