Appliance/HVAC service contracts for older appliances/HVAC

Joined
Mar 21, 2004
Messages
27,986
Location
Near the beach in Delaware
Companies like American Home Shield offer home appliance warranties (and more).

Has anyone take one out for older units like HVAC expecting them to fail in the next couple of years and the home appliance warranty to over the repair.

The HVAC guy said the most likely failure as the heat pump gets older is the coil in the air handler or outside compressor. Either of which are several thousand dollars.

As I get closer to the 10 year end of warranty on my two Trane heat pumps I am considering a service contract.

Good thing I have in-house counsel to read the fine print before deciding (wife).

I should say generally I am not a fan of service contracts.
 
Joined
Apr 25, 2017
Messages
8,356
Location
Ohio
I have a feeling those companies do everything they can do to get out of paying, even more so when it's a $10k replacement.
 
Joined
Jun 26, 2003
Messages
12,677
Location
Illinois
Companies like American Home Shield offer home appliance warranties (and more).

Has anyone take one out for older units like HVAC expecting them to fail in the next couple of years and the home appliance warranty to over the repair.

The HVAC guy said the most likely failure as the heat pump gets older is the coil in the air handler or outside compressor. Either of which are several thousand dollars.

As I get closer to the 10 year end of warranty on my two Trane heat pumps I am considering a service contract.

Good thing I have in-house counsel to read the fine print before deciding (wife).

I should say generally I am not a fan of service contracts.
They will try to fix it as cheaply as possible.
Which means the odds of getting a replacement unit after an expensive failure are about the same as winning the lottery.
 
Joined
Apr 12, 2009
Messages
58
Location
California
My sister recently bought a house that the seller paid for an American Home Shield warranty. Long story short, the fridge died they used every trick in the book to not pay. Everytime a service person said replace it they came up with one more opinion being necessary.

Two months and no help, my sister had to by a fridge no they won't cover it because it is not being used. A lawyer might be able to help but would cost more than a fridge and they know it.
 
Joined
Jan 16, 2006
Messages
1,779
Location
Ruidoso, NM USA
Buying a home or car extended warranty is like buying a lotto ticket.

You hear stories only from the RARE winners while the vast majority of buyers never reap even what they paid to “play“.
 
Joined
Sep 17, 2002
Messages
5,467
Location
Lakeville, MN
If you think you want to go that route, you'd be way further ahead to save that money in a fund for replacements like this.

Companies like that make money for someone, and it likely isn't going to be you... So now you're making payments to them, funding their overhead and profit needs, another layer of people to run the business, and the infrastructure to market, sell, and service the product, plus the replacement of whatever is broken...

If you have the money on hand, hard pass....
 
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