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Is insurance worth it if you can afford to replace the item? If not, when is it?
Extended warranty or insurance is a tricky thing.  In general, the big screen TV, or other electronics are going to become obsolete before they fail. Laptops, even Macs, are at risk for higher failure rates than other electronics.  The question remaining is whether after the item has reached its 3rd or 4th birthday, if you would already be in the market for a newer model.  In the big picture, if you have the money to buy a new replacement, or pay for a repair, you are better off to avoid the insurance. The highest failures are in the first year (aka 'infant mortality') and after N years, closer to 7-10, enough for obsolescence, than in years 2-5.