Quote:
Originally Posted by jparsoneau@aol.com
I agree with everybody else on here. These home warranties are nothing but a joke and a scam for people to spend money. And for real estate agents to tell the potential buyers you have nothing to worry about your house is under warranty. I’m even done buying an extended warranty on cars. I spent thousands of dollars on warranties on cars just to have a $250 window fixed. And if your AC is 20 years old it sounds like you’ve got the life out of it anyways. But home warranty suck
For the amount of money people spend on the warranty you can usually have a fax cheaper than what you’ve spent on the warranty anyways.
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According to Clark Howard, home warranty and other extended warranty companies only pay out about 8 percent of the money they collect in premiums for claims.