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5,701 Posts
I know that many have had good experiences with extended service contracts... I remain a skeptic for many reasons as well. Your own situation will tip the scales one way or the other for your own choices. Just how much risk is involved and what is it worth to you to have someone else carry that risk (at least in part).
Insurance is a bet you are making with a pool of others that your risks and losses are likely to exceed your policy costs... the company offering such coverage is betting against you collecting more than you have paid in. In fact much less, so that they stay in business etc..
Insurance also lends itself to corruption and abuse, greatly inflated costs seem to be the norm in the business to cover this tendency.
Personally, I am willing to carry my own risks (within reason). I like to tinker and work on these bikes and have found that many others in supposed positions of responsibility and authority have failed to perform proper work when I have allowed that to happen.
I recommend reviewing and fully understanding the precise details of any contract as well as looking into the track record of the company in question so that you are never taken by surprise if and when your expectations are not fully met. The devil is in the details!
Insurance is a bet you are making with a pool of others that your risks and losses are likely to exceed your policy costs... the company offering such coverage is betting against you collecting more than you have paid in. In fact much less, so that they stay in business etc..
Insurance also lends itself to corruption and abuse, greatly inflated costs seem to be the norm in the business to cover this tendency.
Personally, I am willing to carry my own risks (within reason). I like to tinker and work on these bikes and have found that many others in supposed positions of responsibility and authority have failed to perform proper work when I have allowed that to happen.
I recommend reviewing and fully understanding the precise details of any contract as well as looking into the track record of the company in question so that you are never taken by surprise if and when your expectations are not fully met. The devil is in the details!