Quote:
Originally Posted by retiredguy123
I agree with not buying extended warranties. You are stuck with whoever the warranty company sends to your house and their schedule. Often, the repair person will come from out of town because the high quality repair companies won't do business with the warranty company. Do you want to wait 2 to 5 days to get an air conditioner repaired when there are at least 6 or so companies in The Villages who will come to your house the same day? According to Clark Howard, the consumer expert, extended warranty companies only pay out about 8 percent of the money they collect in premiums to repair appliances.
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Well, Clark Howard needs to update and rethink his position. The extended warranty pays up to $400 for spoiled food from the fridge, they will pay for a refrigerator rental but we have no place to put it, the rental company won't move the old one, and my husband is handicapped and can't move anything. There is not a perfect answer, only one a bit better than the other.