Anonymous, 22 Nov 2014"Considering that a 64GB Nexus 6 costs $699...having Moto Care seems like a good idea.&qu... moreA phone is broken much more often than a car is crashed, or even a claim is made for house, car, or many other types of insurance.
You're not likely to drop your house or car when pulling it out of your pocket when you do so 50(+/-) times a day.
"Considering that a 64GB Nexus 6 costs $699...having Moto Care seems like a good idea."
It's a good idea if you're bad a math and don't understand how insurance works. $129 for two years of coverage on a possible $699 loss, works out to about 9.25% per year.
If you owned a home that was worth $300,000, at that rate you'd be paying $27,750 per year for home owners insurance (and that's not even taking into consideration the additional liability and other coverages you get with home owners insurance). In reality, home owners insurance for a year would cost around $1000 depending on where you live. That's .3% per year, not 9.25% per year.
For a $18,000 car, at 9.25% per year, you'd be paying $1665 per year. Of course, for that rate, you'd be able to get the maximum liability coverage (probably $500,000 per accident) and the minimum deductibe. If half of your premium is for the liability coverage, then you're paying $832 per year for $500,000 worth of coverage or .16% per year (again as compared to Motorola's 9.25% per year coverage for the phone).
You have to think about any kind of insurance in terms of how much you pay per dollar of coverage (of course, the likelihood of a claim also affects the rate, but you can see even with cars, where the likelihood of a claim is high, the rates are still far better).
The game companies play with low value items (a $699 phone compared to a car or house isn't worth that much), is to charge exorbitant abusive rates that don't seem that way because $129 is absolute terms isn't that much money. But it's a huge percentage of the $699 worth of coverage you're getting for that price.
At the end of the day, extended warranties always play this game and are an extreme rip off, whether it's phones or cars or applicances. Don't buy extended warranties. It would suck to have something happen to your nice shiney new Nexus 6, but it's not a loss worth buying insurance for.
Ultimately, insurance makes sense for high value, but less likely risks, like a large liability claim in a car accident or a home fire. But for small amounts of money on things like phones it's always a rip off. And extended warranties are one of the worst abusers of this math game. It's like casinos. They know the odds and you can be sure, in the long run they're winning.
AnonD-303251, 21 Nov 2014In Portugal, we have 2 years warranty for all productsIn the usa we have a 90 warranty. why? because our great corporations want it that way. If it breaks buy a new one.
to bad you can't order a nexus 6 from motorola. it's been out of stock for weeks.
AnonD-196068, 21 Nov 2014Perhaps it might help if the article did not use warranty and cover interchangably. The title ... moreQuite right
screen replacements can cost around $200. If you're reasonably confident with a screw driver and can find a good video / Web instruction guide showing how to perform the task yourself you could attempt repairs yourself.
This is a bit steep considering you only get back a 'near new' version of the device.
Personally, I'd get my phone insured for the max coverage. You realize how much you rely on the things when you don't have one!
Best advice I ever got was not to part-exchange your old phone when you get a new one. Keep it as an emergency back up.
chris, 21 Nov 2014there is a difference between warranty and extended coverage what article is trying to imply ... morePerhaps it might help if the article did not use warranty and cover interchangably. The title clearly states warranty. It is also does not state about loss or theft. Granted it does mention accidental damage, although not mailicious damage, and with only 3 claims and a $39 excess per claim it is hardly cheap.
Expensive. Some stores in East Europe charge 25 euros for longer warranty.
Fine, whatever! If only people could actually buy the handset....duh! There must have been so few manufactured or an epic fail in terms of marketing strategy! Back to infant school Google and Motorola!
AnonD-196068, 21 Nov 2014Samsung, HTC, Sony, Nokia etc all provide 2 year warranties as standard.there is a difference between warranty and extended coverage what article is trying to imply is like a extended coverage that moto is providing something like insurance also the term warranty would never cover damage of your device regardless the manufacture
Samsung, HTC, Sony, Nokia etc all provide 2 year warranties as standard.
AnonD-303251, 21 Nov 2014In Portugal, we have 2 years warranty for all productsBut it doesn't cover cases like falling into toilet
AnonD-333584, 21 Nov 2014dangerously close to $800?? and this is a lot for americans? the minimum wage in america is pr... moreBlame globalization and the internet; without those two you would have never known better.
And its not unfair btw.
Anonymous, 21 Nov 2014Who's the phones creator? How will it meet he or she?? Don't understand this article. In the event that you are not being sarcastic, anything which meets its creator (including inanimate objects) is just a term used for being deceased (irreparable).
The context of the article refers to the device being destroyed beyond repair.
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AnonD-333584, 21 Nov 2014dangerously close to $800?? and this is a lot for americans? the minimum wage in america is pr... moreThe minimum wage in America is $7.25 per hr. Multiply that by 40 hours a week (which would be considered standard), and a person's gross is only $290 per week. A typical 4 week month would bring in $1160. Mind you, this is gross. After taxes, medical, dental, and optical insurance, that $290 wkly reduces to roughly $155 net pay. A person would then be looking at something like $622 for the month.
How about food, rent, utilities, clothing, and other necessities? Then there are things you want, like a mobile phone and cable TV, not to mention the bills that come along with having such luxuries. What are your options? Exactly. You don't have any. Tough luck.
So, yes, $800 is dangerously high for lots of people.
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