In my opinion, home warranties are a total ripoff. Not because the companies are not "fair and honest". But, because the cost is too high, and there are too many exclusions written into the contract. Home warranties are used by real estate agents as a sales gimmick to convince people to buy a house with the promise that the warranty will provide peace of mind. Almost any air conditioner of other appliance can be repaired for a hundred dollars or so, even though the smart thing to do is to replace it. Most of the time, the warranty company will repair it rather than replace it.
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