"An extended warranty is an insurance policy" Not at all, insurance company protects you from unpredictable events it has no control over - robberies, hurrican

"An extended warranty is an insurance policy" Not at all, insurance company protects you from unpredictable events it has no control over - robberies, hurricanes, etc. The manufacturer has complete control over how long the products will last. You know what we call selling protection from something you control? A racket. "Nice Jewlery Store you have there, would be a shame if something happened to it"