An Insurance Policy
Surely you’ve had experience with insurance policies before, whether for health or auto. So you understand how it works: you pay a little extra money, and the company covers costs related to accidents or damage. But did you know that you can (and should) purchase insurance for your electronics?
Of course, we can’t plan for accidents in advance. And they somehow always seem to come at the very worst time (is there a right time to have any kind of accident?), just when you don’t have the extra money for a replacement. That’s why it makes sense to factor in that additional cost upfront, so you aren’t in financial distress later down the road.