Tuesday, September 09, 2008

PROF'S POSER - Where's an actuary when you need one?

The other day these bits of paper arrived.

At first I was going to bin them, but then I had a read, and as a consequence of that called up the sender.

You see, our washing machine is at last 10 years old. Still doing a sterling job, bar a few hiccups year on year that have been resolved.

Thing is, I don't recall ever seeing such an insurance before, so they must n=know what they are doing.

The deal is not cheap, coming in at well over £100 a year. But the up side is tempting. They either fix it if...when it dies, or give us a new one.

Now, my main aim is environmental (no, really) in that I like the notion of repair if at all possible (lord knows what the enviROI on a call-out is), but I was also wondering about the numbers.

Being that a new one is around £2-300, does it make any sense to take out such a policy at this stage?

No comments:

Post a Comment

I believe in freedom of speech. But I also don't like bullies on blogs, even verbal ones, as they can drive away those with something valid to say... or offer.

Subjective is fine, but well argued and substantiated is even better. Calm and polite tops. Anything that crosses my personal line will not go up. There may be reasons given, but not guaranteed.

I'm not too keen on 'Anon' as a handle (and the content usually explains why), so if that's what you opt for it may not make it. Sorry.