appliances to furnace ,fixing or replacement for $36 monthly which would be included with my mortg. pmt. Does this sound good or does anyone out there have this? I do worry about furnace due to its age and about plumbling since I had this problem before and was expensive to get fixed. What do you think? Thanks.
2006-10-12 09:31:06 · 4 answers · asked by luckylindy0 4 in Home & Garden ➔ Maintenance & Repairs
I got the same offer. The company is legit. Some friends of mine have it and used when their dish washer went out. If your appliances are old and at risk of giving out soon, then go for it. Who's to say that your furnace won't last another so many years. The fine print says you are required to pay a $55 service fee to whomever they send out to fix your appliance. If that person can't fix it, then they replace it. I thought about it, but most of our appliances are fairly new. The only thing I need is a new garage opener and it would be cheaper just to buy a new one than to pay for that insurance for a whole year.
2006-10-12 09:37:09 · answer #1 · answered by Eldude 3 · 0⤊ 0⤋
If the offer doesn't include normal wear and tear and just includes the
"oddball" stuff that happens once in a blue moon, you're gambling $ 432.00
a year that the oddball stuff will happen. Also, are there deductibles? $ 50.00 -
$ 500.00. It's a gamble I've taken twice and won both times - only with cars,
though - not with a house. More details would be nice but basically, if you
can afford it and feel better about being covered - do it.
2006-10-12 17:02:53 · answer #2 · answered by wallyinsa 3 · 0⤊ 0⤋
That type of offer is called a "recurring billing" in my playing field and is not probably worth the paper it is printed on. What I would do would be to go to an independent insurer, let him look over the policy, and see what he has to offer at a cheaper rate.
This is nothing more than an attempt on the part of the mortgage company to extract more money out of you - it can be better spent.
2006-10-12 19:07:53 · answer #3 · answered by Polyhistor 7 · 1⤊ 0⤋
Consider the exclusions to the policy (and there will be several) and then ask a professional. Like an add-on vehicle warranty, often the most common problems are excluded, leaving weird things like "dryer vent clogged with bats" or "plumbing decomposes due to freak radon gas leak."
2006-10-12 16:34:38 · answer #4 · answered by Peter S 2 · 0⤊ 0⤋