I been doing some research into store insurance on merchandise and on the back of my head, this idea has been bothering me. I'm thinking of setting up my own Mini Insurance Company. Take the money that the store charges for insurance. ie. New Laptop ($149.99), take that money deposit into this insurance account(ing/emigrant works great), then another product and etc... I have been attacked at all these stores trying to offer you extended coverage (very profitable) and I am about to chip away at their profit since I buy alot of electronics in general. I remember paying $300 to insurance my Plasma TV for 3 years a few years back. The TV is still Humming and there is no holding back. I could have taken that money in put at these online savings acct and have around 330-340 with the interest compound... The product breaks down, i have a insurance..
February 13th, 2008 at 01:46 pm