Are any home warranties worthwhile?

seems like it may work in your favor if you have some older appliances or AC unit you're worried about going out soon. I've heard of it working out really well for some folks with old AC units but seems like most reviews are really bad. I think it being a positive is mostly based on timing things right for when your stuff goes bad.

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For example, State Farm has a rider that will cover my HVAC and permanently installed appliances ($500 deductible) for $25/yr. It covers repairs and replacement.

There is another rider that is $15/yr that covers all utilities that leave the house to the point where the utilities own them. So underground sewer, water, electricity, gas, ETC. where the homeowner is responsible to the connection point, insurance covers with no deductible.

With these options now days, I don't see any point in home warranties.

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Agreed with all the points above. While $300/year is 10x better than home warranty company policies totaling up to $1,200/year, keep in mind insurance companies usually have contracts with third-party homeowners equipment breakdown insurance providers, that you have to file a claim through.

It's usually the same hassle as warranty companies in that they have a lengthy process of sending someone out to see damages and deem the claim as able to be covered, then also scheduling and sending their own contractors to replace/repair.

So the headache of the process is still there, but definitely way cheaper.

I’ve had one through 2-10 since 2015. My real estate agent (who is also a friend of mine) said he’s never seen someone get as much out of a home warranty as I have.

We pay about $500/year and I’ve gotten about 8k of repairs out of it. Biggest chunk coming when they replaced my HAVC. There has not been one year where we haven’t broken even on it.

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State farm said I could use my contractor and they would pay me.

I have yet to test it.

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FWIW I have family that are state farm agents. agents have up to a certain amount they can authorize on their own without all the headache. they are actually set up well to get you money as reimbursement unless your agent is a dick. tphats why they sometimes come in high on quotes though

No. My house came with one paid in full for the first year of ownership by the previous owner. I used it exactly once for the AC system. I still paid 85$ for them to come out and it took almost a week and half before the tech came out to fix the drainage issue in my system.

Now, the guy they sent out was great and even fixed the venting issue that caused the problem on the drainage. But a regular call out without a warranty would have been around the same price for the same fix and I could have used a contractor of my choice and had it done much sooner.

The plan I had was $600 a year plus an $85 dollar service charge for every call out. When it came time to renew for the second year, I opted out and decided to save that $600 a year.

Most things I can fix myself. Others, I rather pick my own contractor on my terms to do the work and hot AHS's terms. Also think about it, if nothing breaks or goes out during a year, you just pissed away $600 for no reason other than having a warranty.


So you waste $600 a year, you have no say over the quality of work that will be done, you have to pay $85 dollars for a service call out and finally you wait forever before they arrive.

Screw that nonsense. Save the cash and put it into a rainy day account for things to go wrong at your home. Hell, you would be better just opening a savings account for this type of situation. Do that and earn interest at the same time, screw giving money to a home warranty company.