Monday, May 15, 2006

Cost of Trivial Insurance

by the undercover economist.

There is plenty of overpriced insurance around, always bundled with some other product. A popular cell phone retailer will insure your $90 phone for $1.70 a week—nearly $90 a year. The fair price of the insurance is probably closer to $9 a year than $90.[Link: Should you ever buy rental car insurance?By Tim Harford ]

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