Yesterday I was shopping for some presents for my nephew where I decided to buy a video game. Interestingly enough, the store actually sold insurances for the game where for like an extra $5 or so they say that you can replace the disc if it is say scratched or doesnâ€™t work anymore(They have insurance add ons for everything huh?).
I heard one of the employeeâ€™s pitch where he was saying if the person was buying it as a gift then the extra insurance would be a wise purchase as you donâ€™t want to give people gifts and not have it protected where they canâ€™t freely replace the item without paying more out of their own pocket.
For me, I personally donâ€™t care too much if a person didnâ€™t purchase an extra insurance coverage for items like this. Iâ€™d rather have them save their money as the gift is generous enough I think. Not only that, I know the majority of people never actually use the insurance coverage anyways.