Does anyone use home warrantee companies?
Today I am not in a financial position and have not owned my invest long enough to have a pool of cash to pull from if there is a large unplanned repair. I was wondering what others think of utilizing these warrantees to off set large repair costs. Right now I will pay a flat fee for a technician to come out and this covers the total cost of the repair (in most cases as long as not structure alterations are made to the home). For example, I needed to pay to have an vent outlet altered when I had a furnace replaced. Coverage depends but can include electrical systems, plumbing, appliances, garage door opener, and garbage disposal. Fee to come out is $100... so if you know your repair would be less with a handyman etc. you should just call a handyman.
Any experiences with these? Thoughts?