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Posted by Steve Barker on February 13, 2007, 12:26 pm
crossposting eliminated.
Even though I think the OP was a troll (he hasn't replied back) I must add
my comment.
I buy an extended warranty on any item I purchase. (within reason) I ALWAYS
get my premium back. I would not purchase it if I didn't intend to use it.
I've only purchased 2 printers in my computing career. I've owned 7
different ones. I've only purchased ONE digital camera. I've owned 3. I
bought an '03 Explorer in Sept. '04. I've already had repairs performed that
cost WAY over the premium price of the extended warranty. And by the time it
expires it will have had the transmission replaced also. Thanks to ford on
that one. They made it where I can't check the fluid. I always purchase
road hazard on my tires for $3. I always have at least one in 4 replaced
under that coverage. So, it would be foolish to badmouth people who want
to turn their "$400 premium investment to turn into a pot of gold". It
would be ignorant of those people NOT to want to take advantage of it.
--
Steve Barker
>
> I used to work for a home warranty company and it was amazing the
> amount of complaints that would come in, as if homeowners were
> expecting their $400 premium investment to turn into a pot of gold
> somehow.
>
> Never mind that a disturbing proportion of homeowners are too busy to
> read and understand the terms and conditions of the policy, or they
> get sucked into dealing with dishonest real estate agents who are too
> busy to explain that "Well, you have to pay additional amount for the
> well pump coverage".
>
> Of course, some of the contractors are bottom-feeders as well, but I
> don't think the sampling of contractors affiliated with any warranty
> company is significantly different from a typical sampling of
> contractors from the Yellow Pages.
>
> Now home warranty plans are greatly helped by the wave of McMansion
> Developments in which the HVAC goes out within 5-6 months of each
> other on the whole entire block (say, 10 years after building). Wow,
> what whopping good equipment that was installed in the first place,
> probably some crap like Janitrol or Carrier.
>
> And then even a few (thankfully not a majority) homeowners expect
> their bottom-of-the-barrel Caloric range to be replaced with Viking
> equipment! Or a Maytag refrigerator with a Subzero!
>
> And then I loved the H/O's who shell out $800,000 for some 2K square
> foot disaster-waiting-to-happen and then get all ancy because they
> can't afford a new furnace. WELL IF YOU CAN'T AFFORD A NEW FURNACE
> THEN YOU CAN'T AFFORD AN $800,000 McMoneypit to begin with.
>
> But then I also dug the occasional homeowner who had a Renewal policy
> (!) and then asks some really ignorant questions that he/she should
> have figured out 15 months ago when he/she first closed and got the
> warranty policy, and then mouths off, "Oh these home warranties are
> shit, I don't even know why I renewed." Well, DUH, why DID you renew?
>
>
>
> Cheers,
> The Warranty Stud
>
>
>
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