There Are Pandas, and Then There Are Pandas.
And this isn't either of them! The Pandas we're talking about here, are watches, not bears. And what got me thinking about them (again) was a link posted this morning by @cm.rook who pointed a few of us to the very attractive (and not terribly priced) Yema "Rallygraph" Panda which, in it's most traditional arrangement, looks like the one on the left, but can also be had in the version on the right: The model on the left is a true Panda, while the model on the right is called a reverse Panda. The reason for that distinction is clear--Panda bears, only come in the first arrangement. Now at this point, everyone should be thinking about the most well-know Panda, The Rolex Panda, which is actually a Daytona, and among Rolex Daytonas, the most famous of which is the Paul Newman Daytona, which was famous first, because it was Paul's, and second because it sold at auction for $17.8 million (US Dollars). The story of that auction is well-known so I'll only...
Nov 8, 2019
If you're using it for diving or in the water and are concerned, that may be a different matter.
My view on servicing is to assiduously track services schedules, get free quotes or estimates, and then put that amount of money into a speical savings account and skip the service. When the account balance reaches a high enough amount, buy a new watch. Repeat. When a watch finally bites the dust, sell it on an auction site for parts as junk. The days of servicing watches are mostly over. As with all consumer products they are disposible.
Same with "warranty extensions": Put the money into a special "in lieu of warranty" account : If and when something ever breaks within the period the warranty would have applied, use the money to fix it or buy a new one. In general you'll find you always have a positive balance.
Also, for pet veterinary insurance: Put the amount of the premiums into a special pet care account. Don't use it to pay normal vet bills, but use it for extraordinary vet expenses like medication for chronic diseases, imaging, or surgery. Unlike normal pet insurance, the money will still be there to use when your pet exceeds the insurance's age limit, i.e., becomes the age when the pet starts to have health problems. Insurance companies are not stupid, so they only insure pets during the periods of their lives when they are likely to be healthy.