4 ms·

This sort on crap is why I never buy phone insurance, and always buy cheap android phones for a under 200. My current Nokia was under 100 and still has all the

This sort on crap is why I never buy phone insurance, and always buy cheap android phones for a under 200. My current Nokia was under 100 and still has all the functions I need in a smartphone. I've never bought anything from Apple, too high a price to pay for the device, what my use case would be, and in the case it's damaged. Even if I did I certainly woukd not falling for their miss-selling insurance.

klabb3 4y ago
Insurance is, economically, at best an inverse lottery, where you trade a large unexpected cost for small reliable costs. But like a lottery, you’re also paying a premium for the service, otherwise the insurance company loses money. So if the expected cost is higher with insurance than without, the cases where insurance make sense are restricted to a few niche cases: - you think you are more likely to use the insurance than others, eg by being more clumsy (and without paying a higher premium) - you can’t absorb a one time cost without basically financial ruin - you want to commit insurance fraud - you want the psychological benefits of peace of mind I think the last point is the real reason why people get insurance for random consumer items. However, there’s a simple cure for this: a personal rainy day fund. Set aside some money every month and expect that it will be used. When shit happens, don’t feel bad. Don’t blame yourself. Just instantly replace what you lost and move on. If you are more careful about your stuff than the average insurance-taker (very easy), you’ll get away with a much better deal over time. (Mostly off topic, because Apple care is a package containing more than just insurance afaik)
- fatnoah 4y ago
  > - you think you are more likely to use the insurance than others, eg by being more clumsy (and without paying a higher premium) Unfortunately, this is exactly my life with my family. For my own phone, I don't use a case or screen protector. I've had exactly one small crack in one phone and have never lost a phone. My wife and teen son however manage to destroy one phone per year. The money I spend on Asurion galls me, but it's still literally hundreds of dollars cheaper than not having it. (Knocking on wood) So far, my experience with them has been stellar, and they do a lot to make it easy for me to give them money. Requesting a new phone takes about 5 minutes online, and the one time I had to call (because it was impossible to turn off "find my" on the phone) service was helpful and solved my problem.
kramerger 4y ago
> My current Nokia was under 100 and still has all the functions I need in a smartphone Funny thing is, in this case AC+ cost the guy $75/year plus $99 for "Accidental damage repair deductible". Maybe i get a sub-100 Nokia as my next phone. If it breaks (unlike the old ones the new Nokias do break eventually) I will just order a new one instead of wasting time fighting with Apple costumer service and all that.

klabb3 4y ago

Insurance is, economically, at best an inverse lottery, where you trade a large unexpected cost for small reliable costs. But like a lottery, you’re also paying a premium for the service, otherwise the insurance company loses money. So if the expected cost is higher with insurance than without, the cases where insurance make sense are restricted to a few niche cases: - you think you are more likely to use the insurance than others, eg by being more clumsy (and without paying a higher premium) - you can’t absorb a one time cost without basically financial ruin - you want to commit insurance fraud - you want the psychological benefits of peace of mind I think the last point is the real reason why people get insurance for random consumer items. However, there’s a simple cure for this: a personal rainy day fund. Set aside some money every month and expect that it will be used. When shit happens, don’t feel bad. Don’t blame yourself. Just instantly replace what you lost and move on. If you are more careful about your stuff than the average insurance-taker (very easy), you’ll get away with a much better deal over time. (Mostly off topic, because Apple care is a package containing more than just insurance afaik)

fatnoah 4y ago
> - you think you are more likely to use the insurance than others, eg by being more clumsy (and without paying a higher premium) Unfortunately, this is exactly my life with my family. For my own phone, I don't use a case or screen protector. I've had exactly one small crack in one phone and have never lost a phone. My wife and teen son however manage to destroy one phone per year. The money I spend on Asurion galls me, but it's still literally hundreds of dollars cheaper than not having it. (Knocking on wood) So far, my experience with them has been stellar, and they do a lot to make it easy for me to give them money. Requesting a new phone takes about 5 minutes online, and the one time I had to call (because it was impossible to turn off "find my" on the phone) service was helpful and solved my problem.

kramerger 4y ago

> My current Nokia was under 100 and still has all the functions I need in a smartphone Funny thing is, in this case AC+ cost the guy $75/year plus $99 for "Accidental damage repair deductible". Maybe i get a sub-100 Nokia as my next phone. If it breaks (unlike the old ones the new Nokias do break eventually) I will just order a new one instead of wasting time fighting with Apple costumer service and all that.