Home Warranty

[Austin Steed]

Is a home warranty worth it?

I have an investment property in Lemoore CA and there is a property management company taking care of things. We had a problem with the A/C and I get this email from my PMC saying that "we will take any action necessary to fix this unit." That made me s""" my pants. Those things can cost thousands of dollars. So I went and re-uped my home warranty. Although, I know that statistically the rates would be in the company's favor and I could just set aside my 40$ a month and pay for something when it breaks. Is that gamble worth it or did I do the right thing and playing it safe and getting a home warranty?

Thanks BP, 

Austin 

[Scott Pigman]

Originally posted by @Nicole A.:

It seems home warranty will repeatedly "fix" a problem before finally replacing a unit.

Exactly. My experience: 

First call, the capacitor was blown. They decided that it was because the filters were dirty from the renovation work we had done and therefore not covered. So I pay $300 to have them replace the capacitor to get it working for a couple of months.

Second call: guy comes out, looks around. Doesn't even go in the attic. He decides that the problem is a bad circuit breaker -- which they don't cover.

So I replace the breaker. start the system up. It runs for a few minutes and then the breaker trips. And then the compressor blows up venting 10 pounds of R22 straight into the atmosphere. That heat bubble over the US? Yeah. That was me. My bad.