Our buyer requested a home warranty. Are these good? What do they cover?

[Anonymous]

Anonymous wrote:I like one the first couple of years in a new home. You call if stuff breaks and you don't have to hunt down a new plumber or electrician. Each fix or replacement costs about $100 while you are learning your house, your town, and rebuilding your savings.

We used it on the hot water heater, dryer, and dishwasher in the first year.

This - we had one when we first bought our house and we were able to temporarily fix our furnace, dishwasher, and dryer while we rebuilt our savings. We ended up replacing everything eventually, but we didn't have the cash to do it the first year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've never had anything other than same day service on a home warranty claim. And it's only the $100 no matter how many people do call and how many times. The $100 is for the entire claim.

I had a hot water heater issue that they sent a same day plumber out but he said the issue is the electric going to the unit. The warranty company sent out an electrician, again, same day, all covered by the same $100 fee.

This.
Don't listen to anyone who says that they're not worth it.
They have saved me a lot of money on a complete HVAC replacement, water heater, dryer, food disposal and range so far. Mine is $75 service fee.

The response of someone with a really bad understanding of math and statistics.

Explain it to me these advanced math and statistics when I paid 600 for a year plus a $75 service fee when I could have paid at least, 8 to 12 thousand dollars for just the HVAC replacement?
Even if I keep the service for 10 years, I still come out on top.
So I am all ears !

[Anonymous]

American Home Warranty stated that when our furnace broke that it was old and would have been listed as such on the inspection and we should have had it replaced or gotten a credit and they wouldnt repair nor fix it. I let them know that if something is working, which it was, sellers dont fix it. Also they required $75 for each visit and if the repair person came out its was $75 and then they had to order a part and come back out it was another $75.

We never called them again and didnt renew.

[Anonymous]

Look, you don't keep a home warranty forever because you are correct, the math isn't there. It's for ease when you are in a new home with unknown problems and you are cash poor from a very expensive home purchase.

Don't want one, then don't get one. But they exist for a good reason.

[Anonymous]

Buy it for them, but not for yourself. They are useless, horrible, garbage.

Good for frightened middle aged and older women who think their advertising is actually sensible.

[Anonymous]

Anonymous wrote:I've never had anything other than same day service on a home warranty claim. And it's only the $100 no matter how many people do call and how many times. The $100 is for the entire claim.

I had a hot water heater issue that they sent a same day plumber out but he said the issue is the electric going to the unit. The warranty company sent out an electrician, again, same day, all covered by the same $100 fee.

Which company?

[Anonymous]

Anonymous wrote:Bought my house in June 2020 with an Old Republic warranty.

HVAC went out in September 2020.

I paid out of pocket $1279 for parts not covered by warranty. Saved me about $8000.

We got Old Republic and that first year everything that could have broken down did break down. Every repair was an uphill battle and dragged out over weeks. We still owned our old house. The refrigerator freezer broke down and I moved all our frozen foods to our old house while we brawled with Old Republic over the repair. In the end they grudgingly paid for a new part on the old refrigerator, even though there had already been several attempts to repair it and it qualified for a replacement. Seriously? We were out of a freezer for several weeks. This is how it went every single time we needed to have something fixed.

[Anonymous]

Just do it. No, they aren’t great, but who cares?

[Anonymous]

Anonymous wrote:Just do it. No, they aren’t great, but who cares?

Exactly. Your house sold for over asking. Just buy the $500 warranty to keep the deal moving forward.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just do it. No, they aren’t great, but who cares?

Exactly. Your house sold for over asking. Just buy the $500 warranty to keep the deal moving forward.

As I said in my original post, I have no problem with it and signed the contract without blinking an eye. I was just curious as to what people thought of these warranties, never having personally used one. Appreciate those who have shared their experiences!

[Anonymous]

Avoid Cinch Home Warranty at all costs. They were good when they were called HMS. Now they're a big scam.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They're stupid but if she wants to be stupid and get one, fine. Imagine your HVAC stops working in August, it's covered by insurance so you want to get them to pay for it. They tell you XXX company can come out in 2 weeks. Um it's 1000 degrees in the house, you going to wait?

Plus it's $100 (I made that number up) for each service call. So your dishwasher needs a simple repair. You have 4 kids and run it daily. Are you going to wait for their preferred servicer to repair it?

And in my experience, the "preferred servicers" were sketchy people working out of the back of their truck. Not a huge deal if your dishwasher breaks, I guess, but when our furnace went out and it was a safety issue, I had no confidence in the providers they were sending me. And on top of that, they ordered a new furnace that was going to take several weeks to be delivered. No thanks. I cancelled the furnace and hired someone myself. I think they reimbursed me about $600 or so-- it was not worth the trouble.

[Anonymous]

Anonymous wrote:Avoid Cinch Home Warranty at all costs. They were good when they were called HMS. Now they're a big scam.

I had HMS and thought they were pretty terrible.