Comments on: Credit Proofing in Bad Times: Assessing Your Risk http://www.thickenmywallet.com/blog/wp/2008/04/07/credit-proofing-in-bad-times-assessing-your-risk/ Everything to do with thickening your wallet by entrepreneur turned President of an Investment Company Wed, 08 Sep 2010 16:17:54 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Riscario Insider http://www.thickenmywallet.com/blog/wp/2008/04/07/credit-proofing-in-bad-times-assessing-your-risk/comment-page-1/#comment-8829 Riscario Insider Tue, 08 Apr 2008 05:53:17 +0000 http://www.thickenmywallet.com/blog/wp/2008/04/07/credit-proofing-in-bad-times-assessing-your-risk/#comment-8829 There are different degrees of risk and our perceptions vary about which ones matter to us. Last week, I leased a car and was given the opportunity to buy $3,500 of "lease damage protection" for $1,200, This covers miscellaneous damages that you might otherwise pay to correct when your lease ends (e.g., windshield damage, balding tires, scratches, dents, etc). I was also offered "pothole protection" for $600, which replaces/repairs tires and rims for reasons other than regular wear and tear. Some will want the coverage for peace of mind. Other others will think they're being hood-winked and bear the risk to save money. There are different degrees of risk and our perceptions vary about which ones matter to us.

Last week, I leased a car and was given the opportunity to buy $3,500 of “lease damage protection” for $1,200, This covers miscellaneous damages that you might otherwise pay to correct when your lease ends (e.g., windshield damage, balding tires, scratches, dents, etc). I was also offered “pothole protection” for $600, which replaces/repairs tires and rims for reasons other than regular wear and tear. Some will want the coverage for peace of mind. Other others will think they’re being hood-winked and bear the risk to save money.

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