Should I renew my home warranty, big A/C issue

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Thanks HeatMan, for those clarifications and corrections.

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Evan Mann writes:

Two kinds of home warranty experiences: (1) you pay but you never need it, (2) you pay and then need it but it doesn't deliver. The biz essentially requires that you have no conscience and an ability to take justified anger and defend yourself legally.
They're for suckers. You pay up front, and when you call for repairs, all you get levels of guys skilled at excuses for not covering the work, and an offer to do it for new money.
Even at the very worst, if you actually managed to nail them with an expensive repair that they might admit is covered, they have the option to cancel the coverage and give you your "premium" money back. So you can't *possibly* win.
My elderly mom paid for years on that stuff. They would once in a while make a show of changing a faucet washer or cleaning the A/C filters, but when the A/C actually broke down, it was "past its lifetime".
The only "home warranties" that have worked for me are the extensions for using a gold credit card. I have replaced or repaired several appliances that quit in their second year that way. The credit card people seem to run this as a genuine actuarial risk and actually pay the claims.
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An almost OT point on service contracts, I got a Sears electric hot water heater when my old HWH started leaking after 8 years, and they unasked sold me a service contract off my credit card too; which I called and cancelled. (Little sleazy of them but that's not the point)
The hot water heater is still going strong after 25 years.
So I wonder if they give you the good stock if they think there's a service contract going with it.
Never buy a service contract; if they can make money on it, so can you.
--
Ron Hardin
snipped-for-privacy@mindspring.com
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'Has anyone gotten something useful done through their home warranty? I don't even know if they would have covered this fan replacement. They weasled out of the last repair. Is it just my company that sucks? I know of 2 other major ones, but this was the one the sellers of the house said they'd pay for (had it as part of closing, but did not specify company, didn't know better).'
ME: Ive had customers who opted for AHS. Ive not heard a good report on them. Its best to just stay with one hvac contractor in your locale if you can..ask your neighbors whos worked out good for them in emergencies. AHS and others...all try to weasle and finagle when push comes to shove -- they dont know how to bend over backwards .
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Evan Mann wrote:

Keep this in mind. All insurance companies are in business to make money. They figure out how much they are going to spend on your repairs, add in how much it is going to cost them to service and do the paperwork, add in commission to the sales staff, cost of those nice buildings where they work and add something for profit and that is what you pay.
Most of the time, they collect more than they pay out. If they don't they are out of business. And that is the good ones. The less good spend your money to keep you from getting claims paid and make even bigger profits.
I am not suggesting that all insurance is bad all the time, but unless the peace of mind that the insurance gives you is worth a lot, insurance is almost always a bad investment.
--
Joseph E. Meehan

26 + 6 = 1 It's Irish Math
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Ean:
EM> This is long, but I'm wondering if everyone else gets this treatment. EM> EM> My home warranty with American Home Shield (AHS) is up for renewal. Today EM> they really ticked me off. Never had American Home Shield but recall reading lots of complaints about them. Sounds like it would not be in your best interest to renew based on the history of bad service they have given you. You might want to check if the utility company offers a maintenance option. We pay a few extra dollars per month and get "immediate" service -- recall the furnace blower failed a few years ago and they were out within two hours; same with the gas valve for the dryer. Not additional charges either.
- barry.martinATthesafebbs.zeppole.com
* Please avoid repeating a reprise of the redundant again.
--
RoseReader 2.52 P003186
The Safe BBS Bettendorf, IA 563-359-1971
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