Originally Posted by Scottsmrnyc
I think you might be missing the point here. We have all sorts of group insurances; such as group health insurance. For those that would be interested, why not organize, and perhaps it doesn't have to be Jude, a Headfi Group Consumer Protection Insurance Policy. I am not saying that I am up for the task either; but with all the people posting on Headfi, regardless of whether they have had a good experience in their purchases or a negative purchasing experience, we certainly have some clout if we ban together to purchase a group comsumer protection plan. I am not very sure if such a thing really exists; I know some credit cards offer a form of consumer protect plans. It's just an idea at this point. Almost all big ticket purchases work out fine; but for a couple of bucks a year, it might be worth it to look into this possibility. Scottsmrnyc
Let me say at the outset that I appreciate the concern about other members. That's nice to hear.
OTOH, we tend to insure, or over insure, everything nowadays. Sometimes, stuff happens, and sometimes the stuff is bad. With some of the vendors in this marketplace, you pays your money, and you takes your chances. I am an owner of an SP amp, and if it goes bad, I figure "that's life." (That is, I'll have to incur some time and expense to find someone to repair it.) In addition, I suspect such insurance would be quite expensive relative to the benefits that could be paid, and would not be practical for other reasons.
But, again, the underlying sentiment is nice.