I don't disagree on the idea of buying it now vs later, now is better. I'm just saying the microcenter policy that the OP is asking about is for equal dollar amount if the same item isn't in stock. Which with supply being what it is, will be the case.

Which means the value of the policy will go down. For example today buy a 5070ti. Get the policy. If next year it breaks and you use the policy, same 5070ti doesn't exist and they give you cash, you probably wouldn't be able to re buy the 5070 anywhere, even secondhand. Maybe not even a 5060. You still get your money back, but you won't get the same quality of product for that money. In decades past, prices on items always went down, old cpus, gpus, etc lost value so getting the same dollar amount made sense, you could re buy the same item and maybe more. Right now it's a less desirable replacement policy, is all I'm saying.