Should I keep up home warranty?

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Should I keep up home warranty?

Post by Dendrobates on 2017-06-13, 15:19

When I moved into my house, they included a year of paid home warranty. I continued it this year because I knew our AC unit had to die soon (from 1982). So it died a month ago, and got a new one installed today. It was 100% covered with their few exceptions which involved rebuilding some meta shit in the basement that rusted out. Total cost $300. I pay $54/ month for this home warranty. It covers all the appliances, furnace/AC, plumbing, and electrical. I do know in reading the contract that they pay to fix electrical/plumbing problems but drywall and shit destroyed to fix it is on me. So my question is, should I keep paying it? My appliances are only a few years old, furnace around 15 years, and the house was built in 1979. What are your thoughts oh great smart swillers.
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Re: Should I keep up home warranty?

Post by Floyd Robertson on 2017-06-13, 15:21

My personal opinion is extended warranties are not worth it.  Nothing to back it up, I just prefer to be self-insured and put the money away for emergencies.
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Re: Should I keep up home warranty?

Post by Robert J Sakimano on 2017-06-13, 15:27

I don't know.. my wife handles those sorts of things.
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Re: Should I keep up home warranty?

Post by LooseGoose on 2017-06-13, 17:04

I do what Floyd does.

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Re: Should I keep up home warranty?

Post by The Pantry on 2017-06-13, 17:36

Yeah, put the money in the bank. And tell Nevets he needs to learn to fix shit.
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Re: Should I keep up home warranty?

Post by Nordic on 2017-06-13, 17:44

Never had one, so no real experience to draw on. But my overall opinion is warranties on anything are a waste of money and I always decline (phones, electronics, home, etc.). Long term it obviously favors the house.

Edit: Sounds like you net positive with the A/C repair. Take the money and run.
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Re: Should I keep up home warranty?

Post by Rocinante on 2017-06-13, 17:46

I just go further into debt when something breaks. No biggie.

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Re: Should I keep up home warranty?

Post by Dendrobates on 2017-06-13, 20:46

The Pantry wrote:Yeah, put the money in the bank. And tell Nevets he needs to learn to fix shit.

He doesn't know how to fix anything. His dad never helped that he sucked at fixing things, and then was annoyed when he got in the way.

I don't usually pay for warranties, but I thought the A/C one was a good gamble. And it was. So I'm leaning on canceling it.
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Re: Should I keep up home warranty?

Post by The Pantry on 2017-06-13, 21:05

Dendrobates wrote:
The Pantry wrote:Yeah, put the money in the bank. And tell Nevets he needs to learn to fix shit.

He doesn't know how to fix anything. His dad never helped that he sucked at fixing things, and then was annoyed when he got in the way.

I don't usually pay for warranties, but I thought the A/C one was a good gamble. And it was. So I'm leaning on canceling it.
Don't let him blame his dad on not being able to fix stuff. Pretty much everything you need/want to repair/replace has multiple youtube's explaining how to do it.
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