Are Alternative Home Warranty Plans a Good Idea?
With the high cost of repairs and the lack of disposable income, home warranty insurance protection plans have become very popular. So are they worth the expense? I have a little personal experience with my own home and a purchased warranty so I thought I’d share my thoughts on the subject. We purchased our current home a little over a year ago and one of the perks to entice potential buyers was an included third party home warranty purchased by the seller. I have to admit, when buying an older home, it sure does ease your concerns about the home falling apart right after you close. A home warranty plan is simply insurance you can buy against sudden and accidental breakdown. Typical coverage is for the mechanical systems of your home such as electrical, plumbing, furnace, and hot water heater. Our plan included a few extras such as our appliances, central air, pool pump and filter. Our plan would cover the cost of repair or replacement minus a seventy five dollar fee which is paid at t
