We couldn't register our cars without insurances. We could be fined for not
having insurances. We could get our cars impounded for not having
insurances.

"Elmo P. Shagnasty" wrote:

> Then why do you pay for car insurance? You never get that back, either.
> It's just money down the drain....
>
> Oh, you say. But car insurance is for "what-if".
>
> Well, an extended warranty is nothing but insurance. It's no different
> than car insurance, or homeowner's insurance, or renter's insurance, or
> whatever.
>
> That YOU didn't get anything back on it for THAT car is an accounting
> argument only. You got peace of mind, right? You got the ability to
> walk in and drop off the keys and have anything handled at no extra cost
> to you, even catastrophic things. Is the ability to do so not worth
> anything to you?
>
> Then I ask again: why pay for car insurance? Why carry homeowner's
> insurance? They're the same thing. You don't get anything back from
> them, either.