|
Posted by on July 26, 2008, 10:39 am
> Alexander SuperTramp wrote:
> > I know THAT is a loaded question...my mortgage lender( countrywide)
> > just sent us an offer for a home warranty , $ 24 /month or 37/month
> > to include heat/ac unit and it just got me thinking ...do any of
> > these companies have a better reputation than others? Are there any I
> > should just plain stay away from? =A0( we are considering another home
> > for the in-laws wherein a warranty will be part of the deal). =A0Thanks=
!
>
> They all have equally bad reputations.
>
> I've never heard of a home warranty that was worth the money. My
> opinion is that they're mostly useless.
>
> =A0* There is a long list of things that *aren't* covered, including all
> the things you really want. For example, a leak in your water heater is
> only covered if it is *not* the result of wear and tear and *not* the
> result of an accident. =A0What's left? (This is a made-up example.)
>
> =A0* You are required to use their technicians. These people are never
> available because the warranty company pays so little that your job is
> always at the bottom of their list.
>
> Open a savings account and put $37 in every month. You'll come out
> ahead.
>
> --
> Steve Bell
> New Life Home Improvement
> Arlington, TX
Consider this, about 50% of the money you pay goes directly to the
insurance company and sales staff. None of that every goes back to
paying the cost of repairs. So you can expect, on average, to pay at
least twice as much with insurance than you would pay without
insurance.
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap