After a good run (5 years) renting we have been forced to make the jump to buying a new house. ( the landlord who has generally been good to deal with told us by the end of our current lease 10/31 that he wanted to sell)
The house we are buying is only 5 years old and in great shape.
It was suggested by some friends we should consider a home warranty.
Does anybody have one they are happy with both cost wise and with filing claims when needed?
Save your money
You'd be better off just setting money aside each payday in a separate account for incidental expenses.
"If you can't be a good example, then you'll have to be a horrible warning" -Catherine Aird
Home warranties are as bad as product warranties. Profit margins are 50% to 90%.
If you can't dazzle them with brilliance, baffle them with bullshit!
Sigs Owned - A Bunch
For a five year old house I wouldn't bother.
If you must have a recommendation, I've done work for them all and the best is AHS. Your service is dependant upon the company they send. We were extremely good at warranty work and made it a good experience. Most customers I saw had not previously had good experiences. A lot of the companies doing warranty work are doing so because they can't get their own customers.
Also read the contact so you know what you are buying and aren't suprised if something is not covered. On the electrical side add code violation coverage and fixture coverage.
Sic Semper Tyrannis
|I Deal In Lead|
Every house I bought in the last 38 years came with a Home Warranty included in the sale price.
If it wasn't free, I wouldn't have it.
They all suck balls. My most recent experience was with a company included in the sale. I'd had the home 3 months when the HVAC died in below zero weather. The insurance company denied the claim. I was so pissed I got a refund on the insurance.
I get that they are all essentially a sham, but what about fire or water/flood damage etc.? This would also mean sprinkler lines and such in the case of water damage.
Decent probability of need at some point and almost always exceedingly expensive to fix.
Who's best to deal with?
| Get my pies|
outta the oven!
LOL, there are none because they’re all one big SCAM
Keep your money, don’t waste it on any of these scammers.
No, they’re just the biggest
I got one when I bought a condo in 2007 and renewed the following year. My central AC began giving me problems and I tried to use them, they would put a Band-Aid on it and that’s it, when I asked the technician if they’ve ever replaced a system he simply laughed and said never.
I did not renew the following year and those pricks called me at least three times a day for months trying to get me to sign back up. I literally entered their phone number in my phone address book as “AHS crooks and assholes“
And now for something completely different.....
WE have a good size group of anti-extended warranty folk here, sometimes it seems like all Dave Ramsey and Clark Howard disciples
For the most part we agree as I don't get extended warranties, except.....
When we bought the 25 year old home for our daughter the seller bought the American Home Shield warranty as part of the sale, you might ask for the seller to include a one year AHS contract so that if anything does take a dive you have only a deductible to get a service tech to the house.
Today getting a plumber or electrician out on a service calls can run $100's, well more than the $50 deductible for having an AC guy come out..
We continued it for her every year as a birthday present, not super expensive.
It's replaced the kitchen stove/oven at no cost, provided an AC repair person that doesn't tell you that a whole new unit is needed at $5K because your's used the "old freon" they just fix it, fill it and go.
They send you a contracted independent repair person, and not one we've had come by has been a shyster or derelict.
Depending on your situation, the house age, they can be good to have. Other than the premiums we've had electricians, ac people, appliance, plumbing, etc and the only out of pocket was the $50 deductible.
I based my findings on working for half dozen warranty companies over many years, you based yours on one experience.
I think it's safe to say, that I didn't recommend them because of the size of the company.
Sic Semper Tyrannis
Homeowners Insurance already covers all of that. The only home warranty you'd ever need would be covered by the builder if you purchased a new home.
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|My other Sig|
is a Steyr.
Pass, pass, pass.... as in, not just no, but HELL NO.
If you like spending money and not receiving anything for it... get one!
If you like dealing with morons, having headaches and being frustrated... get one!
If you like dealing with companies who you'd never hire in the first place... get one!
Wow. My first thought on reading the thread title was, “Sounds like an oxymoron.” It appears I am not alone in that opinion.
I think it might not be a bad idea as a seller to buy a one year warranty when selling a house. (“I knew of no problems when I sold Joe the house, but provided insurance in the event something unforeseen came up. Don’t blame me if Joe has problems.” I’d never buy one for myself though.
|Fighting the good fight|
Exactly. It should be part of your budget. The monthly cost of owning a home isn't just the house payment. It's house payment + $X into savings to cover the inevitable repair/replacement when something goes wrong. (And it will. Welcome to home ownership... You're the landlord now.)
As stated already, don't bother with home warranties.
Your homeowner's insurance. That's what it's for. Your homeowner's insurance doesn't cover wear/tear or things breaking (in most cases), only losses like from a fire, theft, storm, flood, natural disaster, non-negligent water leak, etc.
Whereas home warranties are (purportedly) for when the AC breaks, or the oven or garage door opener needs replacement, or stuff like that. (But good luck trying to get them to actually approve a claim.)
Think of it like car insurance/warranties. If your car gets hailed on or broken into, it's an insurance issue. If your AC breaks or the transmission goes out, it's a warranty (or out of pocket) issue.
We have had similar experiences and have American Home Shield as well, which came with the purchase of our current house. We have had very good service and the contractors are from reputable firms.
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Like I said, these Home Warranty threads always devolve into a list of reasons people don't buy them. Fact is they wouldn't buy them for any reason, and I'm one of those folks, however that doesn't really answer your question.
Skins worked for AHS, and the answer to your question of "if you bought one who would you use" is AHS. Our experiences with them have been good 100%.
Still request the seller include a 1 year AHS home warranty as part of the deal, regardless of anyone's proclivities pro or con. After the year you can decide to renew or not, but it gives you one year off from having to cover any major expenses.
AHS has paid off for us with my daughters two older homes zero hassle, no arguments, never questioned, they just send over a tech to fix things.
We had AHS for the past 12 years. My wife is a realtor so we got a deal on the annual fee. Over the course of the 12 years, we broke even.
Earlier this year the water heater failed. Vented, gas water heater. The company assigned to the problem came out assessed the situation, determined that a replacement was needed and contacted AHS. Two freaking weeks later, after many calls and finally writing an email to the president of AHS, it was replaced. I get it, the supply chain is broke. However, AHS was a PITA to deal with and took forever. We dropped em and wouldn't recommend them.
|Save an Elephant|
Kill a Poacher
We recently put an offer on a house and the sellers had included the 1-year home warranty plan. I told our Realtor to take it out of contract.
These home warranties are scams. I have two friends who bought houses. When they went to get the warranty company for repairs on things that broke, NOPE, sorry, "we don't cover that."
Total rip offs.
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