PSE&G (local gas&electric company) offers home appliences coverage
plans (called WorryFree). They cover some parts and labor for furnaces,
A/C, water heaters, friges, etc. I probably don't need coverage for,
say, dishwasher (no big problem to wash dishes manually for some time)
But for, say, the furnace -- I'm not so sure. It is just about $4/month.
And furnace or A/C -- I definitely don't want to mess with them. At
list just yet ;-)
Has anybody heard about that PSEG WorryFree service? Is it worth it?
Or is it just OK/substandard/terrible? Should I consider something else?
Or should I just sit tight and don't worry until something happens?
We just bought a house, the shape of the furnace is unknown to me
(except that it seems to be working more or less as it is supposed
In general, should I call somebody to preventively checkup/tune it?
PSE&G says they check it for free every five years (next checkup
coming in 2005).
All maintenance contracts are not worthwhile. If the cost of the repiars
regularly exceeded the cost of the insurance, they'd be losing money on
the contract and they'd never push it or even offer the service. It's
only worwhile top buy this sort of thing when you absolutely could not
afford a reapir. But if you took the money you'd pay into that and set it
aside and made all reapirs out of it, on the average you'd come out ahead.
If it were completely unknown, then I'd have the repair critters come in
and give it a full physical. But....
If they say the next check up is due in 2005, then it was checked not too
long ago. I'd let it slide so long as it seems to be working properly.
Remove the dead poet to e-mail, tho CC'd posts are unwelcome.
Ask me about joining the NRA.
That's what I thought. And it is true on average. Though there's
also Murphy's Laws (as it was with my phone service and their
maintainance plan, but that's another story of stupidity).
Yeah, my main problem is that it is unknown to me. I don't have
history, don't know if installation guy did a good job. I can take
out the cover, but have no idea what to look for to estimate its
health, and don't really know the telltale signs of something going
wrong until it is too late.
So, essentially, my dilemma is between maintainance plan -- some
insurance for a little cost and one-time full inspection.
I'm probably going to request couple of quotes about how much full
inspection runs for, and see how that compares to what I'd pay PSEG.
That, of course, leaves out the matter of the service quality...
Every five years -- they did it in 2000 (fall?), that is three years
ago. I don't know if it is counted as recently regarding furnaces.
Worthwhile isn't the word; perhaps 'economical' is better. You're
correct that it's more profitable for the service companies, but then
this is just like insurance, which is a really crappy way to save for
retirement. Why not just put it all in a high-yield investment? But
then, you know the insurance company will be there in N decades.
There are considerations such as convenience and the economics of,
perhaps not the repair itself, but the 'downtime' and attendant
expenses. If you save $20 on the stove repair, but have to take the
family to Denny's every night for a week, you haven't saved much. A
business may want as little down time as possible because when the
equipment is dead, their employees aren't as efficient -- or can't do
I can see this being "worthwhile" for many people, but they should know
going in that they're buying peace of mind rather than keeping costs down.
Financially it makes no sense at all. They figure what they expect it will
actually cost them, add their overhead in, and then triple it.
However, if you like the idea that no matter what happens, a qualified
person will come out and make it better for free, than it is a good
investment. I went for a 10 year warranty on my furnace because the cost
was about the same as one service call. The odds are I won't need a service
call, but I am all set if I do.
I have it on the HVAC in 3 homes that are part of a business and are
occupied by others. I like it for the convenience factor when something
goes wrong. There's no guessing about who to call, are they available, etc.
Whenever there's a problem, I just call them and they show up quickly and
figure it out. I can't say that it saves any money but it sure does save on
the hassle of finding someone to fix a problem when the heat or AC stops
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.