I've come to respect and appreciate the posts on this forum so I figured why not get some more insight from you fellow financial savants.
I'm buying my first home and am being offered to purchase a home warranty from company X. It would be my cost because it's a foreclosure and the bank selling the property isn't offering to pay.
So, I did some research on the warranty company and couldn't find one good word about it. I decided to research other warranty companies, and would you believe that I couldn't find good words about any...in the whole country?
So, with that being said, I don't know if I'm all that interested in paying for something that I may or may not use...and in all likelihood, would have a claim denied because of all the loopholes (from what I've read in 100's of reviews about claim nightmares).
I'm sure I'll get a lot of "well, if the A/C unit or water heater goes out, you'll have to pay for it out of pocket, etc..." Well if that's really the only big concern, I'm not all that concerned.
Your thoughts?
I'm buying my first home and am being offered to purchase a home warranty from company X. It would be my cost because it's a foreclosure and the bank selling the property isn't offering to pay.
So, I did some research on the warranty company and couldn't find one good word about it. I decided to research other warranty companies, and would you believe that I couldn't find good words about any...in the whole country?
So, with that being said, I don't know if I'm all that interested in paying for something that I may or may not use...and in all likelihood, would have a claim denied because of all the loopholes (from what I've read in 100's of reviews about claim nightmares).
I'm sure I'll get a lot of "well, if the A/C unit or water heater goes out, you'll have to pay for it out of pocket, etc..." Well if that's really the only big concern, I'm not all that concerned.
Your thoughts?