Jump to content
  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Home Warranties


Hotsauce

Recommended Posts

I had one for a few years and it was worth it. got a new hot water heater for a $60 copay, then had some pipes fixed for the same copay, then one day my AC broke, and the warranty company put a brand new one in with a 5 yr. warranty. The AC was a $4500 job, and I will say it didn't pay for a lot of it. If you read the fine print there were things it didnt' cover. My cost for it was $1500. I'm not complaining. After I got that I figured I had many of the big items replaced over the years and didn't renew it but now I wish I would have because for that $550 it takes the worry out of some major home repairs.

Link to comment
Share on other sites

As a former Real Estate Brooker, I always included a Home Warranty foe all my Buyers. It was good piece of mine for buyers who had more to worry about. I never had a Seller refuse to buy the first year.

Now to your question. 14 year old house things can start to go wrong. Not saying they will. Of course things can go wrong with new homes too. You might want to keep it for one more year, then re-evalute it. IMO.

Link to comment
Share on other sites

Stay away from First American, I dislike them very much. Previous 3 years I had Old Republic and it was awesome so I'd recommend that. Everyone should have a warranty, regardless of age, it's worth it. My home was built in 2003 but I've had to use it a few times, once on AC issues that would have been stupid expensive if not. I like to time my re-up for when I get my tax return and pay it all.

Link to comment
Share on other sites

What does a house warranty cover? I thought homeowner's insurance was all that you needed, and if anything went wrong mechanically, etc. that you were responsible...

Don't make me google it... I am lazy...

Home warranty covers pretty much everything major that can/could/will go wrong with your house. The one I have covers the AC, hot water heater, electrical and plumbing issues, etc.

We bought our house in April and the warranty already is paying for itself. My compressor and fan motor went out on the AC. Would have cost me out the wazoo to get it fixed, and I know people who would do it for barely over cost. Got the whole thing fixed for $85. Which was bullshit, but that is another story.

Just for your AC alone it is worth it to have the warranty, anything that goes out in your AC unit is going to be $$$$$$$$.

Link to comment
Share on other sites

yeah, AC and furnace are worth it alone. they even have some that cover your washer/dryer/dish washer/stove too. This thread is making me miss mine. I may try to get another one.

Not really picking but one slightly bad thing about them is that if you have an emergency, they don't react too swiftly...ie...you basically have to call 9-5 with your problem, and a local contractor calls you within 24 hrs. to setup an appt. Just understand that your problem will probably not be fixed sameday, but it's often hard to get that kind of service picking up the yellow pages and doing it yourself unless you pay out the ass.

Link to comment
Share on other sites

I never buy warranties. I guess I could see buying one on a 14 year old house though. I can tell you this from experience, Never buy any kind of warranties when buying a used car. Total ripoff. My bad experience was with Carmax.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.


  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • In my opinion Fitterer was probably right about not paying McCaffrey. Now not wanting to "pay RBs" in my opinion isn't something you want to set in stone, to me it all comes down to the individual.
    • Maybe I'm just not understanding, but everywhere that I have read says that signing bonuses go against the cap prorated by as much as five years. The following example uses Andrew Luck's rookie contract as an example. "Take Andrew Luck, the first overall pick in the 2012 NFL draft. Luck signed a four-year contract with the Colts worth $22.1 million and included a $14.5 million signing bonus. Rather than a $14.5 million cap hit in 2012, the Colts spread out his signing bonus over the life of his contract. The hit against the cap would be $3.625 million per year over four years instead of a direct cap hit of $14.5 million directly in 2012. This gave the Colts more leverage and cap flexibility in signing other players." https://www.the33rdteam.com/nfl-signing-bonuses-explained/ I don't know why some of you think that signing bonuses aren't counted against the cap over the length of the contract, but whatever.   "The bonus with a signing is usually the most garish aspect of a rookie contract. Bonus is the immediate cash players receive when they ink a deal. It factors into the cap, but only for the whole contract duration, in terms of salary cap calculations. In the case of Bryce Young’s $24.6 million signing bonus, that’s prorated to approximately $6.15 million per season over a four-year deal. This format allows teams to handle the cap and provides rookies with some short-term fiscal stability, which is important given the high injury risk in this league." https://collegefootballnetwork.com/how-rookie-contracts-work-in-the-nfl/ I understand how signing bonuses can be a useful tool in order to manage the cap, and as one of the article suggests, signing bonuses may become important if you have a tight cap, but the bill is always going to come due. I'm not necessarily referring to you Tuka, but it seems to me that others simply don't want to understand that fact which is why they're reacting to what I'm saying negatively. How odd. In any event, I have a better general understanding of why signing bonuses are used now, and it's generally to fit salaries under the cap. Surely players, whether they be rookies or not, love a signing bonus because they get a good portion of their money up front. This in turn gives them more security and probably amounts to tax benefits as well. I also understand why teams would not want to use signing bonuses, particularly for players or draftees who have a higher probability of being gone before a contract even ends.
    • Get any shot you can at humane society, so much cheaper
×
×
  • Create New...