While you could feasably pay off repair costs when the need arises. Most of us can’t see into the future, who knows if you’ll have the funds availible to replace something crutial when it does break?
Spending money on insurance can seem like a waste, right up until something goes wrong, then you may wish you had it to begin with. After all, its better to be safe than sorry.
Though the totals may seem far apart, thinking long term can mean that insuring your appliances, rather than just forking out cash to replace them ends up cheaper in the end. After all, smalle monthly payments are less noticable than single large purchases.