Home warranty..is it useful to minimize maintenance cost for landlord

[James Kandasamy]

Hi,

I would like to know whether anybody has used Home warranty as means to reduce any major maintenance cost. I am wondering whether its another "insurance" where, they are nice when e buy it but when the real repairs come in, the companies gives 1001 reason not to cover it ?

If you think its beneficial for landlord, then can you recommend few companies. Please highlight their qualities.

James

[Elizabeth Colegrove]

Not useful at all!!!! While you get the "occasional" happy customer. Most people will tell you how much of a rip off they are. I personally buy them just when I acquire a new home. I have the seller purchase it. It is good insurance for the first year. After that NOT worth it. Most policies will only replace up to the year the appliance. PLUS they are not quick. When it is 100 degrees out and you have no AC NOT fun. I have had much better experience saving the money for the "ohshoots" that come up. While I do have repairs I have not had repaired exceeding $2500, and that would be the price to just get all of my houses the policies (5 *500). That is not even including deductibles or the cost of everything they won't cover.