answersLogoWhite

0


Best Answer

Many homeowners, especially new ones, struggle with the decision to purchase an extended home warranty. Some feel that it is a necessity for homeowners to have this protection in addition to homeowners insurance, and on the other hand, some think that extended warranties are a waste of money that could be spent better elsewhere. For those who may not be aware of what a home warranty is, it is a contract that protects your house in the event repair is needed on home appliances and systems.

The reason so many homeowners consider an extended home warranty is because they don’t want to have to worry about paying to repair or replace appliances in the home. Stories about air conditioning or heating breaking down when it is needed are common and having this type of insurance guarantees that the repairs will be paid for and taken care of or the product will be replaced if needed. Typically, the homeowner can decide the length of time for which he or she wants the warranty to last. It is common today for many realty agents to pay for the first year of a home warranty and leave the decision to purchase an extension to the consumer.

Many homeowners also decide not to purchase an extended home warranty. There are several reasons for doing this. Some people feel that virtually no warranty is actually worth purchasing, as they rarely need to file a claim. It is possible to go the entire length of the warranty without needing to put it to use. In these cases, many people feel that warranties are a waste of money because it is unknown whether or not they will see its true value. In the event that a claim is needed, you may actually have to pay for certain repairs. Some companies will refuse to repair an appliance because of pre-existing damage. This can cause much hassle and frustration because while a home inspection is usually required prior to purchasing the warranty, the warranty company, who creates the terms of the insurance, conducts it.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

10y ago

form_title=Purchase an Extended Warranty form_header=An extended warranty can help pay for large repairs that aren't covered under a normal warranty. Do you currently have a warranty?= () Yes () No What features do you expect out of a warranty?=_ Do you have a loan on your vehicle?= () Yes () No

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Should You Purchase an Extended Home Warranty?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where can I purchase an extended home warranty?

Companies such as The Warranty Group (thewarrantygroup.com) sell extended home warranties. Beware, though. This industry has a poor reputation.


Can you get out of an extended warranty after bringing the car home?

AnswerYes, You can purchase an extended warranty from the dealer or from another source up until the time the factory warranty runs out and sometimes after that.


What types of extended warranty does Home Depot provide for new Brinkman grills?

Home Depot is not currently offering any free extended warranties on the new Brinkman grills. You can, however, purchase a warranty when you purchase the grill for an additional fee.


What home theater system offers the best warranty?

Most Manufacter's offer a one year warranty and for peace of mind extended three year warrantys are available for purchase.


How can I get an extended warranty on my home?

Several companies offer extended home warranties. To review the coverage details and costs of these programs: http://info.ahswarranty.com AND www.ShieldStar.com AND www.libertyhomeprotection.com/home-warranty-plan.aspx


What kind of a warranty does the Sony home theatre system come with?

The warranty period is almost always 1 year starting from the purchase date. You can buy an extended warranty but I wouldn't recommend it unless the price of the system is very high.


Where can I find good extended home warranty in boston?

Choice Home Warranty (www.choicehomewarranty.com) and American Home Shield (www.ahswarranty.com) are two home warranty companies to contact in Boston.


Chest Freezer?

form_title= Chest Freezer form_header= Purchase a chest freezer for your home. What size chest freezer do you want to purchase?*= _ [50] Where will the freezer be stored?*= _ [50] Do you want to purchase an extended warranty?*= () Yes () No


Where can I find more information on an extended home warranty?

There are a number of companies that offer extended home warranties. This site offers a nice overview of the home warranty programs, and offers tips on what to look for: http://www.homewarrantyreviews.com/


Where can I find information about an extended home warranty?

Mturk2010 You can find information about an extended home warranty through the seller of the house, Depending on the location of the house either the seller or buyer will provide the home warranty. Sometimes going directly to the real estate agent will also be helpful in finding information about and extended home warranty. Contacting a website like www.hwahomewarranty.com can also give you most of the info you need.


What is the cost for an extended warranty for a Brother MFC-420CN bought at Walmart?

A Brother MFC-420CN is an all-in one printer designed for home or home office use. Because of all the components, it is important to purchase a warranty in case something malfunctions. If purchased at Walmart, 3 year extended warranties are available for $28.00.


Where can home appliance warranties be purchased?

The most popular company to purchase home warranty insurance is American Home Shield. One can purchase home warranty insurance from this company, and a few others.