Insurance is one of the greatest ‘inventions’ of all time. It allows consumers to ‘transfer risk’ (for a fee) to an entity (either a corporation or a collective) that is better able to absorb it. But that doesn’t mean that insurance is always a good deal. Take, for instance, extended warranties. Extended warranties, especially on small consumer goods, are almost always a bad deal. So, you need to think critically when offered one. The blog entry linked below explains how to do that:

Check out: When buying the ridiculously expensive extended warranty makes sense