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[momtochloe]

I'm just curious if anyone has purchased/used those household home insurance plans that cover appliances and things like that (be it dishwasher or home AC repair, etc.)?

Have they worked well for you, do you think you are getting a good value overall?

This is all completely new to me so I would love to hear if anyone has had any experiences with one of them.

Thanks everybody!

[bri20]

Great question, @momtochloe.  I'd love to now others' experience also.

I was looking into something like this just recently.

We had our furnace repaired at the end of Winter.  We just had our air conditioner repaired about a month ago. 

I feel like when something breaks and you need to call a repair person, even if they're reputable and you've used them before, they can quote you anything.  You're at their mercy.

[deeva]

I think they're a waste of money. My neighbor has one and she is very disappointed. Her refrigerator went out, the company would come out and replace one part. Install it and find out it didn't solve the problem.

This went on for four weeks. When she asked about compensation for spoiled food, they told her it wasn't their responsibility.

[software]

My opinion is to always have an emergency fund.   That way you have control over who, when & where.    Not sure that those plans give you flexibility on who you can use for repairs & replacements.  I would hope those insurance plans are legitimate, vetting the repair companies, which would be a plus!

[momtochloe]

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@deeva wrote:

I think they're a waste of money. My neighbor has one and she is very disappointed. Her refrigerator went out, the company would come out and replace one part. Install it and find out it didn't solve the problem.

This went on for four weeks. When she asked about compensation for spoiled food, they told her it wasn't their responsibility.

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Thank you so much for this feedback @deeva.  My appliances are older and would probably be best replaced entirely if they completely conk out but then again I am worried as from what I hear the shelf life of these newer appliances is so small so I thought maybe this would be a route to investigate should I need to buy something new.

Thank you again Deeva, I really appreciate it!  

[momtochloe]

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@bri20 wrote:

Great question, @momtochloe.  I'd love to now others' experience also.

I was looking into something like this just recently.

We had our furnace repaired at the end of Winter.  We just had our air conditioner repaired about a month ago. 

I feel like when something breaks and you need to call a repair person, even if they're reputable and you've used them before, they can quote you anything.  You're at their mercy.

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Oh good heavens I know @bri20, I am so blessed to have a great and reputable HVAC guy so the only other appliances on my radar right now are my washer and the fridge (as today my car had to be towed to the repair shop so we can cross that one off the list . . . ).

It isn't easy is it? . . . sigh.

[novamc1]

@momtochloe

I wouldn't consider this this type of home warranty to be a good investment in your situation.  Home warranties (which usually expire after a year or some other specified time) are nice but limited enticements for people to buy a home.  These warranties are usually paid for by home sellers or by real estate agents as a selling tool.  The alleged reason for offering them is to give the purchaser peace of mind, especially during the first year of have to make house payments.

However, they contain many limitations, and you're just as likely to experience aggravation in getting any services from the program as you are to get some real benefit.  If you have very old appliances, the warranty will not buy you any new ones. 

Considering the energy efficiency of today's appliances versus those in days-of-old, it's probably better to save up some money and buy new, with a manufacturer's warranty. 

This is just my opinion, so if you find a warranty program that sounds good to you, use your own best judgment and maybe give it a try.

[momtochloe]

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@novamc1 wrote:

@momtochloe

I wouldn't consider this this type of home warranty to be a good investment in your situation.  Home warranties (which usually expire after a year or some other specified time) are nice but limited enticements for people to buy a home.  These warranties are usually paid for by home sellers or by real estate agents as a selling tool.  The alleged reason for offering them is to give the purchaser peace of mind, especially during the first year of have to make house payments.

However, they contain many limitations, and you're just as likely to experience aggravation in getting any services from the program as you are to get some real benefit.  If you have very old appliances, the warranty will not buy you any new ones. 

Considering the energy efficiency of today's appliances versus those in days-of-old, it's probably better to save up some money and buy new, with a manufacturer's warranty. 

This is just my opinion, so if you find a warranty program that sounds good to you, use your own best judgment and maybe give it a try.

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Thank you so much @novamc1 this is exactly what I want to hear!  I come from an age that buying warranties on things like electronic products are foreign to me so this really threw me for a loop . . . thank you my friend!  

[Nuttmeg]

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@momtochloe wrote:

I'm just curious if anyone has purchased/used those household home insurance plans that cover appliances and things like that (be it dishwasher or home AC repair, etc.)?

Have they worked well for you, do you think you are getting a good value overall?

This is all completely new to me so I would love to hear if anyone has had any experiences with one of them.

Thanks everybody!

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I have a service contract on my furnace and central AC with my local utility company. I have had 2 repairs in 23 years. The company has changed my thermostat twice.  Each one had Mercury. They have adjusted the blower. The heat comes up faster.

My thing. I like to know what company is during the work.

[momtochloe]

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@Nuttmeg wrote:

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@momtochloe wrote:

I'm just curious if anyone has purchased/used those household home insurance plans that cover appliances and things like that (be it dishwasher or home AC repair, etc.)?

Have they worked well for you, do you think you are getting a good value overall?

This is all completely new to me so I would love to hear if anyone has had any experiences with one of them.

Thanks everybody!

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I have a service contract on my furnace and central AC with my local utility company. I have had 2 repairs in 23 years. The company has changed my thermostat twice.  Each one had Mercury. They have adjusted the blower. The heat comes up faster.

My thing. I like to know what company is during the work.

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Oh wow, I wonder if something like this is available here @Nuttmeg.  Thank you for that information as I know I will have to replace my AC . . . eventually . . .