Originally Posted by Std Deviation

Let me guess then, you’re the kind of guy that buys a $100 extended warranty on a $1000 TV? Ten percent cost of insurance for an item you could replace out of pocket? No, my point is if I’ve got 100 grand sitting around why would I pay for something I don’t need when that money could be drawing returns elsewhere. And if you are the extended warranty guy - on anything - statistically you’re getting ripped off. Grab any consumer reports or research it. But you might also be the guy that thinks he wins in Vegas. Not over the long run. Tire protection plan anyone?

With the money I’ve saved by not buying extended warranties over 30 years I could replace the item ten times over and still come out ahead. But not all of us think like statisticians or (are) psychologists.

Why doesn’t the company pay for short term and offer long term at cost? The probability of an individual pilot under 40 using long term is close to nil.

What I’m saying is those premiums are usurious as compared to other premiums for other occupations.