Home Warranty...yes or no?

Question

Hey all? How’s everybody doing?

I was wondering if by chance anybody has ever used those home warranty programs for their rentals?

I ask because presently in my personal home, we have Sears Home Warranty and quite frankly it’s been great for us. For $69 monthly plus $99 deductible per repair call, and they’ll pay you $500 to pay towards any piece of appliance they can’t fix.

For the $69 monthly, they cover every appliance in the house including all fixtures, HVAC system with 2 complimentary checks during spring/autumn seasons, garage doors/motors, and electrical systems, etc.

Now I know there are people with horror stories but for us personally, they’ve replaced our oven, fixed our fridge and deep freezers, electrical system, and have already taken advantage of their HVAC checkup.

Would this be something of an added protection for our properties moving forward and maybe roll it onto the rent? Or just not bother with it?

Thanks y’all

Russell Brazil · Answer

I generally dont feel they are worth the money

Sharon Rosendahl · Answer

At $840 per year are you getting that much in benefit? If you have a $1000 fridge go bad after a year you pay the $840 plus $100 service call for them to cover $500? The two checks would cost what and they do what at no charge? Are you required to buy all covered appliances from them? Is there an age limit? I mean, I would be happy to pay them $69 per month if they replaced my 20 year old water heater, 30 yo garage door opener, 8 yo dishwasher and 10 yo fridge and rewire my 100 yo house.

Victor Paez · Answer

@Russell Brazil oh alright Sir, thank you