Question on Home Warranty Companies
for SF, Bay Area, California home
Are there are such companies that cover :
- home alarm systems
and / or
- garden sprinkler systems ?
Please let me know.
"Home warranties" are usually state-wide guarantees
by builders or governments that cover only fixtures.
Home alarms or garden sprinklers are not fixtures.
Any "warranty" for them might be either the vendors'
guarantee or a matter for your ordinary insurance agent.
There are a variety of home warranties. What you are referring to
above are generally "new home" warranties that cover certain defects
for some number of years. Some states require them on new
construction. Typically major items like the foundation are covered
for a longer period, maybe 10 years, while other items like flooring,
etc are covered for a shorter period, if at all.
The other type of home warranty is a policy anyone can buy.
Sometimes sellers provide one as an incentive. They typically
include HVAC, plumbing, roofing, appliances, etc. They could include
alarms and sprinkler systems, but I have not heard of anyone in this
group that had such coverage. I'd think alarms would be one thing
they would probably avoid, because they present some unique issues and
are not typically handled by companies that do appliance repair, etc,
that these warranty companies engage with.
I agree with Ed. Generally, these policies are a bad deal. If you
look at what you are paying, you'd be better off setting that money
aside and self insuring. An alarm system is a good example. None of
the components in the typical system are very expensive. It's not
like medical insurance, where you could suddenly have a $100K
expense. And if you google here a bit, you will find lots of people
that were not happy when they had to use the insurace. Not satisfied
in terms of what was actually covered once you read the fine print,
the response time, quality of repairs, etc.
Yes, some companies will, but they are no better than the companies that do
not. Home warranties are about the worst possible investment you can make.
Do some searching on this group and find the stories of no payments, junk
equipment, poor quality labor and so forth.
Get a quote on the cost of the warranty. Then put that money into a savings
account set aside for typical home repairs. You'll come out thousands of
dollars ahead over time and have better quality work. The warranty company
is in business to make a profit. They take you money and give back as
little as possible, keeping some for themselves. You can do the same thing
I agree. We were just offered one on an investment house. (it was the
first one we bought worthy of a warranty <G>). I read through that
information and politely declined. After reading ALL the paragraphs, it
was apparent that there wasn't really all that much coverage there.
On Fri, 13 Feb 2009 07:47:57 -0800 (PST), email@example.com
Sure you can get that covered. However it is not a warranty,
it is an insurance polity and have you noticed all those nice fancy
buildings insurance companies own? That's because they hire people to
figure out how much they are going to need to pay out on your home
then they like double that and that is what you pay.
You certainly don't want to cover what you can afford to
replace yourself or do without. Put the money into the bank and you
can be your own insurance company and avoid all the taxes, overhead
CEO bonuses etc.
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