Home warranty companies pro and con.

[Joe]

If you come across a few major appliances problems than it may be worth to take out a plan. But lets say I have a plan for 22 dollars a month for a 3 year plan, and i only have that one problem in the 3 year period, I would be giving them 22 per month for 36 months for a total of $792...wouldn't it better if i just went out and bought a replacement for less than that and get a warranty besides? It seems it only benefits those who have numerous problems during that 3 year plan.

[Dean Hoffman]

I heard long ago a person shouldn't buy insurance for something he can write a good check for.

[invalid unparseable]

I feel the same way.

[Ed Pawlowski]

Warranty companies are in business to make money, not to help you.

Based on your $22 I'd have paid $15,000 in premiums over the years. Appliances do wear out but I'm still far ahead just replacing what is needed. Sure, a couple of refrigerators, dishwashers, a garbage disposal. I'm way ahead.