Home Service Plus - Do you use it with your energy company?

[Jeremy Karja]

Do you have a service through your energy provider that fixes your appliances for you at not cost?  In Minnesota we have a company called Home Service Plus through Center Point Energy.  They cost about $5 per unit but I use it on my personal home and they fix the furnace, dryers, fridges etc at not cost other than your bill.  

The question is do you think this service insurance would be worthwhile?  Let' say you insured 10 items and the annual cost  was $600.  Would that be worth it?

[Jessica Grewe]

In my opinion no, especially if you have newer appliances.  Not all your appliances are going to break in one year so you could take that $600 and buy a new appliance for that amount except for furnace instead of handing it over to an insurance company.   Each year you could take your $600 and set it aside and when you need it you have the money for an appliance you would have it.  Or just upgrade each year to a new appliance with your $600.  

PS Just by chance do you know the owners at Elk Agency Inc

327 Main Street NW, Elk River, Minnesota 55330?