Quote:
Originally Posted by retiredguy123
In general, home warranties are definitely a bad deal. I understand that only about 8 percent of the premiums charged are used to make repairs. You will never get a local high quality repair company because they aren't going to share their profit with a warranty company. So, don't be surprised if some guy in a pickup truck from Ocala or Orlando comes to your house. You usually have no option to replace an appliance instead of repairing it. But, the worst part is that the warranty company may not be available for several days, even when you need an HVAC unit or a water heater repaired. There are good companies in The Villages who can respond to replace a water heater or repair an HVAC unit usually in less than 24 hours.
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i can't tell you how many times i heard that story, but enough to know i should avoid these plans. even clark howard agrees they aren't worth the money