Didn't read all these posts but here's my take on insurance for these kinds of things. Never buy it. Ever. Insurance is a profit center for companies simply because most of the people who buy it won't need it. That works to your advantage just like it does for the companies selling the insurance. If you never purchase it for that new computer, TV, microwave, fridge, electric toothbrush, etc, etc, etc you will at some point need it. However, the money you've saved over the years by never purchasing it allows you to throw your broken item in the trash when it breaks, buy a new item and still be many thousands of dollars ahead. In the end you'll be way ahead by passing on insurance. Wouldn't do that on a three times your yearly income home because that could break you but a one paycheck gizmo, pass.