Bought a new microwave the other day in the sale. Reduced from £119 down to £69, so well pleased.
The kid who sells it to me, asked if I wanted their Gold 5 year extended warranty, for only £120. Explains I'll be covered for 5 years if it breaks down. I tell him politely "no thanks", but he persists. So I tell him slightly less politely "f***off I don't want it". The kid gets upset tells me he is under instruction from his manager to sell these warranties, and would get a boll*****g if he doesn't sell any.
When I get home, I look at WHICH? online, which tells me that only 7% of people claim on these extended warranties, and most of those are in the 1st year which would be covered by the manufacturers warranty anyway.
So in simple terms 93% of all monies spent on extended warranties is wasted.
Bit like the pet insurance thread I did the other week. If you are worried best to put a bit away, you'll most likely not need it.