There are many different Home Warranty companies out there. Old Republic, American Home Shield, First American Home Warranty, etc. They all do basically the same thing... They insure the home's existing appliances, A/C, pool equipment, and some even have roof protection for an additional fee. (Usually, A/C, and pool equipment are slightly more expensive to include as well.) But, in most cases, if one of these breaks down during the first year of ownership, it typically will cost a $50-$75 service charge (or some companies call it a deductible) to repair or replace the defective unit. And if they come out, and for some reason say the item is not covered (which DOES happen occasionally, when the home inspection calls out issues with the unit.), they still charge you the $50-$75. And then you still have to repair or replace the defective unit.
On the other hand, I have had clients receive brand new, upgraded dishwashers because the installed model was no longer available. I have also had clients receive a new water heater because there was no sign that the installed one was going to die on them. So in those cases, it makes perfect sense to pay $50 and get a new dishwasher, or water heater... installed.
No comments:
Post a Comment