Look, almost all insurance, extended warranties cost more than you may ever get when you use them. That's why the insurance companies are by far the wealthiest corporations out there, but they hide there wealth in ownerships in real estate companies and holdings of every building over 5 stories tall, and they can legally have 2 sets of books making them look poorer than other corporations. I had to head off those claiming the oil companies are richer, etc.
If these things didn't make money they would never be offered. So, we can all admit that the statistics say we end up the monetary loser. The odds are heavily in your favor that no one will ever be injured on your property causing you to have to make a claim on your homeowners insurance. Statistically, the vast majority of people never have an automobile accident that results in having to make a large claim or risk losing their home to pay damages in a civil suit. Your odds are really great you will never lose a limb or die in a commercial aircraft accident. I could go on and on, but all those bad things just do NOT happen to the vast majority of people in the U.S., and the same is pretty true when such thinking is applied to evaluating the use of Dish's Home Protection Plan or any retailers extend warranties like those offered at Best Buy, yet most of us do pay for the insurance--even if we are not required to have coverage for our car because we own it, but we buy auto insurance coverage that is sufficient to prevent us from losing our home should we be involved in an auto accident, YET the statistics are clear that we are unlikely to ever be in that position, yet we feel compelled NOT to take the RISK, no matter how remote our chances of bing in such an accident. The vast majority of our over 300,000,000 million fellow Americans are NEVER sued in civil court. That said, I do think DHPP is worth the very nominal monthly cost.
Fist, DHPP covers ALL your Dish Network equipment, you entire system, so long as all parts have the Dish Network logo or are Dish Network approved parts (such as the Holland red and blue splitters/diplexers and Eagle Aspen Home Node). This coverage include all your OWNED equipment. Owned boxes are replaced FREE of any charge and are still recognized as OWNED on your account.
Reasons for one to get DHHP are peace of mind, not having to come up with over $100 at the last minute for a home visit, not having to go out and buy another owned box when my first one stops working properly because it is beyond the Dish manufacturer warranty of 1 year, and convenience.
In my case, I have had them replace 2 OWNED 721's, a leased 722, come out to the house and tighten a loose cable that must have been loosened by my termite inspection (I saw his feet yanking my cables, but all was well for the fist week) although I SWORE I tightened them when problems started a week after termite inspection. The guy said he thought it was tight too, until he jiggled it a bit (that there would've been a $95 visit plus "labor"), another visit to re-peak and the fellow replaced a lot of cable--at no additional charge, all not in the order I've written them, but all services at absolutely NO ADDITIONAL cost: no home visit fee, no shipping fees and not I having to go out and by TWO subsequent 721's at retail prices. Those hard drives will all fail, in the end.
If one is wealthy and has lots of $$, then I would probably say that one may save money by NOT having DHPP. But, then again, there are ways to decrease what you will end up paying on your mortgage if you pay more than the minimum (there was great software that calculated it and set dates for payments to avoid penalties and my rich uncle saved almost $50,000 by paying a lot more per month), but how many of us have the extra $$ per month to SAVE that kind of money? How many of us really put money aside for when we need to pay for a Dish home visit or get a new owned box at our expense? Hey, let's save tons of interest payments and pay for our cars and homes and kitchen appliances and A/C in full at time of purchase. Think of the money we'll save. Frankly, renting is often the better, more financially wise option to buying a home for many people, but those poor folks have been inculcated with the notion of OWNING a home. Renters are actually cash rich compared to many home owners who are drowning in the additional cost of home ownership.
So, insurance is all about risk. If you wish, take the risk and save $6 per month, but gladly pay the hefty fees or nominal shipping charges. If you don't mind finding the cash at the last moment, do without DHPP. However, if you are like the rest of we masses, you aren't going to budget for a $95 home visit, and probably be pissed about shipping charge, that you may have to pay twice if the 1st replacement doesn't work out. It's up to you.
. It saves marriages.
