I bought a townhouse in Metairie last summer when I moved down here for law school. The seller's agent purchased a home warranty for me and it expires in about a month. Costs about $600 to keep it and I haven't used it in the past year. Should I renew it or just hope nothing breaks while I am living here?

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Posted by JonTheTigerFan

Central, LA

Member since Nov 2003

6784 posts

Posted on 6/30/12 at 1:52 am to PortCityMadMan

I have 3 central air units in my house. One went out 3 weeks ago and had to have someone come work on it. Another went out yesterday and we are waiting on someone to come work on it. It's a risk for sure if you're thinking about not keeping it. You could get lucky or you could get screwed!

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Posted by PortCityMadMan

Member since May 2008

1063 posts

Posted on 6/30/12 at 1:57 am to JonTheTigerFan

Just trying to figure out what the better move is. I know if something goes wrong it could be a huge plus as far as saving me money. But to renew for next 2 or 3 years while in school I am looking at $1,200 to $1,800 in warranties so would need something big to break to make it worth my wild. Unless I am underestimating the cost of repairs around the house, which I could be as a first time home owner.

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Posted by ForeverLSU02

Albany

Member since Jun 2007

52147 posts

Posted on 6/30/12 at 2:08 am to PortCityMadMan

quote:
PortCityMadMan

I'm in the same boat come October. The house we bought is 9 years old and has had no major problems yet. But just as soon as I decide not to renew the warranty the damn AC is gonna go out

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Posted by Layabout

Baton Rouge

Member since Jul 2011

11082 posts

Posted on 6/30/12 at 4:48 am to PortCityMadMan

It sounds good on paper but when something major happens plan on paying a hefty sum out of pocket plus having the aggravation of arguing with the warranty company. I finally dropped it a few years ago and now pay to get it done right when something breaks.

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Posted by ynlvr

Rocket City

Member since Feb 2009

4583 posts

Posted on 6/30/12 at 2:20 pm to JonTheTigerFan

You could get screwed with Home Warranty too. I had two separate homes' AC go out two summers ago. Both were covered by different Home Warranties. One covered minimal - excuses about new laws and obsolescent freon standards - cost me several thousand out of pocket. The other replaced the condenser with an inferior, noisy piece of crap. You have no choice if this meets specs. Arguing with these people is beyond my patience level. Have fun reading their contracts.

I have never entered a new Home Warranty since then and I own 5 properties.

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