Home warrantees - good investment?

[Chris Thomas]

Greetings BP community,

What are your thoughts around home warrantees? I purchased on long-term rental property last summer and the seller included a 1-year home warrantee. It's up for renewal and I'm 50/50 on whether it is a wise "investment".

Home is 100 years old but in relatively good shape (few inspection issues). Purchase prices of the home was $170k. 1-year renewal in the warrantee is $540.

Thanks in advance,

Chris