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Best home warranty ? Archived From: Finance

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With so many choices and horror stories about home warranty, I decide to ask you guys first.

I am looking for a home warranty for our home - it's 13 years old with pretty much similar age for most appliances. I replaced dishwasher last year, and can see more to do in the near future - therefore I plan to purchase home warranty.

Do you have any suggestion for the best reasonable price and service providers ? Can you share your experiences ?

Thanks a lot, guys... !

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They all sucks.

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lostdude said:They all sucks.In case you missed the most important parts of the previous post, I've highlighted them for you.

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That bad... ??

No one with good experience ? I enrolled for the heating/cooling warranty service through my gas company (Nipsco) - so far their service is excellent (I called them several times already, really worth it ... or perhaps I should just move out from this home, eh...), except it's quite expensive and cover less than most home warranty (they do not really have extensive coverage).

lorcha said:lostdude said:They all sucks.In case you missed the most important parts of the previous post, I've highlighted them for you.

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I've been using First American Home Buyers Protection Corpration with absolutely no problems.

edit: typo

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PSE&G?

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I've read the horror stories, but American Home Shield is top notch in my book. They just replaced a second hot water heater for me in three years as well as a shower pipe, outside spicket etc. Sure they say no thats not covered the first time, but another call and a refusal to pay the service fee got everything taken care of. This is the best $335/year that I spend.

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I've had good response times from American Home Shield as well (it's who I use).

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old republic

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Why buy insurance for things that you should be able to easilly afford to fix/replace on your own???

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Our home came with AHS--the Geothermal heat pump crapped out after 3 months--of course they dont' cover geothermal systems. We had a toilet that was leaking, I removed it to replace the wax ring, and found a corroded toilet flange. They said they wouldn't pay to have it replaced because I had removed the toilet (of course it was leaking and I thought it would be a $5 fix). Despite multiple calls, letters and appeals, they refused to pay for either.

They must have called us 20 times when the warranty was running out asking us to renew--I used every opportunity to tell their telemarketers what a crappy company they work for.

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ThursdaysChild said:I've been using First American Home Buyers Protection Corpration with absolutely no problems.

edit: typo
Here are plenty of posts regarding First American Home Buyers Protection Corporation.. In all fairness to them, you can find plenty of extremely dissatisfied customers if you google just about every insurance company out there.

Home warranty costs run about $400-$500/year (plus additional surcharges for various equipment) plus an additional fee per service call. For that kind of money you can easily self insure and take care of most if not all the covered problems yourself at a much lower cost and a lot less aggravation. Home warranty plans are generally very heavily marketed towards first time homebuyers who are terrified about homeownership costs as well as to the financial unsophisticated who do not have the discipline to put money aside for maintenance costs.

The only exception to the general advice to avoid home warranty plans comes is if you are a landlord. Since tenants understandably have no interest in fixing small issues themselves and rightfully expect the landlord to do it, small landlords often find that these types of plans are more cost efficient than having a maintenance person/company on call to fix toilet leaks and the like.

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We have 2-10 and it has been pleasant. Sure, I could do many of the jobs myself (like replace the digital thermostat), but there are some things I would rather leave to a professional (sewage ejection pump). It is worth the money for us.

I have asked the different contractors who is the easiest for them to work with and they have told me 2-10. I figure a happy plumber will do a better job than one who has to deal with hassle from the warranty company.

The most important thing is to READ the contract thoroughly. There is absolutely no grey area regarding what is covered and what is not.

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i have not used any so far . one of my co worker has been using american home shield and he says it's been pretty good so far as they have fixed his AC system which has saved him a ton of money .

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WARNING: Long but interesting post.

 

I had American Home Shield for 3 years. The first year, they weren't really needed. I had a GFE outlet go bad and the one of the oven elements go bad. No problem, paid my $50 bucks and moved on. This was my first home and I thought it was an extra insurance just in case.

When the first year renewal came up, I decided to go ahead b/c I was renting one of the rooms then and thought the extra piece of mind was worth $350 or so a year. The second year there were great as well and came out w/in 1 hour when my refrigerator's motor blew. They had an option that said, press 1 for food spoilage, 2 otherwise. I counted my melted ice cream as spoilage and hit 1.

The third year was the major benefit/problem. At the start of summer, my A/C blower went out (inside the house) so even though the A/C produced cold air, it did not blow anything into the house. When the repair guy came, I was at work and my tenant let him in. The inspected the inside and said they needed to order a new blower. They then inspected the outside. While the tech was inspected the A/C unit outside, he broke off the freon valve! He said they could not just replace the valve and had to change the entire compressor b/c the old one now leaked freon. I was pissed, but I though, "oh well, they are going to replace the whole thing for $50 bucks anyway". They "ordered" the necessary parts and I waited. And I waited. And I waited. Mind you, I was now living in a house w/ a tenant in 110+ temperature (I sent them pictures of the thermostat). My tenant was feeling it. My cat was feeling it. After 3 weeks, they got the compressor and came and changed it out w/o telling anyone and while I was at work and my tenant was at school. I called and called for the next week to check on it only to be told someone would call me back. Then I got a call from the local company saying they came last week and what was wrong. Oh, thanks for telling me. Went home and still no cold air. Call them back, took two more days for someone to come out again. He worked on the compressor (while no one was home) and said all looked fine. I said when are you going to schedule a time to come inside and fix the blower. He said, what blower! Fast forward 2 more days and they come inside and do the whole inspection again. They had never bothered to order to blower motor. Now the blower is an A/C and hydro-heat combination thing so it has a motor that they do not keep on hand. They supplier now has run out in the past 4 weeks. So they have to order a new one and wait till it gets off backorder. They cannot use their own supplier and have to use AHS's for the warranty to cover it. I call and complain and write letters and call and complain and write more letters to AHS and they refuse to budge and use another supplier after 4 weeks. They refuse to do anything. Fast forward 2 weeks, and no blower. AHS said they sent it and the local rep says they didn't receive it. They find out that the supplier sent it via UPS to the billing address instead of the local rep. They also have run out again and cannot just send the one at the wrong address. It has to be shipped back and then shipped out again. This is via UPS ground and is expected to take 2 more weeks (1 week each way). This time AHS agreed to refund my $50 service fee and paid to buy a window A/C unit. So now, 6 weeks in, the tenant, the cat, and my all live in the my bedroom sleeping right next to the A/C b/c the rest of the house is 115+. Finally, the tenant moves out and a new one comes in w/ the expectation it will be fixed ASAP. Significant discounts there and discounts to the prev tenant. The guy and his poor parents had to move in the 115+ heat. It ended up taking a total of 16 weeks for them to fix everything.

I understood problems along the way and I was reasonable for the most part. I was unhappy about the problem at the local tech when they a) broke a piece off the compressor and b) forgot to order the part they actually came out to fix. I did not blame AHS for that but was unhappy that AHS did not stand behind the reps they hire and expedite my parts order. But the clincher was when it took 4 weeks for my part to come off backorder and they refused to use an alternate supplier. The local tech found a local supplier w/ the part and they were willing to match any price difference if the local supplier charged more than the contract AHS had w/ their supplier, but AHS would not budge. The local rep couldn't just install the local one and return the AHS one b/c both supplier's use serial #s before the unit is sent out or else no warranty and no returns.

BTW, I almost forgot. The above 16 weeks was b/c once the blower motor was installed, the compressor was not working. Apparently, all that time of trying to get it to work w/o the motor blew it out. So we had to wait another week for the inspection and 3 weeks for yet another replacement compressor. Good thing too b/c one of those 3 weeks was AHS's supplier arguing that they would not replace the compressor for free b/c the unit was 5 years old. The local rep had to show the documentation that they got it only a few weeks earlier. The f*ing supplier tried to sent me a old unit lying around somewhere. The new one that arrived was only 2 months old.

Needless to say, I was not renewing after that experience. Good thing though. For the next 3 years, only thing left was a leaky toilet and one of my tenants (this was after I moved out) dad replaced the leaky party for the whole $10 it cost him to get it at Home Depot.

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I had First American Home Buyers Protection. I wish I would have demanded an additional $400 off the price of the house instead.

First American decided to fix a 20 year old dishwasher instead of replacing it for $30 more. They refused to give me the repair value of the old one to purchase a new one--even though a different representative later told me that they could have done so. So when the old one failed, I had just thrown out $50 on a useless service call that took the contracted company weeks to so.

There are too many games to play to get service. While they are playing those games, you could have already fixed the problem with a quick trip to Lowes.

Just shove the $400 in a drawer and start watching these. Seriously, you can learn a lot from the contractors who put up these corny videos.

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Well I do have a funny story about Old Republic Home Warranty and the worthless plumbers they hire.

First of all I would never buy a home warranty, but the realtor we bought our house from threw a 1 year warranty in to the deal at no cost to us. It expires in April, and we had a leaky shower valve, so figured I better get some use out of the warranty. I called and they recommended a plumbing company in the area so I scheduled a visit.

Well, he comes out, attempts to remove the shower handle and cannot get it off. He claims it is corroded on to the valve stem to the point where it cannot be removed (the house is only about 5 years old, btw). I was at work at the time, but he submitted a bid to Old Republic to fix the problem. His "solution" was to cut a hole in the drywall on the other side of the shower in order to get to the shower valve (because the handle was corroded on and could not be removed). The total estimate submitted to the insurance company was about $300, but I would have had a 2 ft by 2 ft patched hole in my drywall.

Old Republic called to ask if I approved of the repair, I laughed and said hell no. They sent me the check, I used some CLR to remove the handle and fixed the problem myself.

By the time I paid for all parts and the $50 service fee I made about $200 on the deal.

So home warranties can have their advantages but it requires a stupid plumber (or one might argue this plumber was shady - just trying to generate extra income). I still won't even consider renewing it though.

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I have AHS and they've been pretty good. I haven't had any problems.

My policy expires in May and I'm pretty sure I'm going to renew. My house was built in 1991 and all the mechanicals are the originals. I know I'm selling it in March 2010 so I really don't want to get stuck having to pay full replacement cost if the A/C or furnace goes out.

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ThursdaysChild said:I've been using First American Home Buyers Protection Corpration with absolutely no problems.

eh, my folks have had first american for five years now. They've replaced a microwave, dishwasher, toilet, hot water heater, pool filter unit, fixed the refrigerator and paid for an exterminator when some mice got into the attic. My dad says he's gotten his moneys worth, and keeps renewing it.

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