Couple months ago, I bought a small forclosure house and seller offers 2 years home warranty. and it doesn’t have any appliances beside a stove, furnece and a water heater. After I turned on the gas and water. I’ve been told that the furnace need to be checked.
The houses has been on the market over 8 months. So the furnace doesn’t work. I called a company to check (cost $ 60 dollor), they said furnace better to be replace, or it will cost lots of money for the furnace bill even after repair. I just relized that my house having 2 years home warranty. I haven’t moved in yet. so I called this home protection company, Cross Country Home Service, which is the seller offers home warranty plan. The plan I heard is about $ 1200 for 2 years. The company asked me co-pay for the estamate fee for checking the furnace. It was $ 75 dollors. After checked, the company told me that was pre-existing problem and refuse to repair or replace. I feel I had been fooled and played by the seller and this CCHS company.
I wondering is it worthyful to buy a home protection plan or home warranty like this. If a home owner had all appliances are new with factory’s warranty, why does home owner buy home protection plan.
If home owner buy 1 year 1 time of electric shock or storm course damage for the appliances. the rate of damage is very lower because we have so many safety plug to avoide that. I don’t see any need for buying the protection plan if this kind of company never cover the cost of repair or replace when the claim costs more than home owner paid for that plan.
From my own experience, I don’t feel it is worthyful to buy a house with home warranty or buy a protection plan for your new house appliances’s warranty. I don’t like this kind of trap. But I would like to hear more about this kind of story, ideas, and opinions. help all of — new homeowners, new home buyers, or potential home owner.