Likely buying a house very soon, and it will be an older house with all older appliances. I'm debating the added costs of a "home warranty" to cover major appliances, possibly the roof, and so forth. Pricing generally ranges in the $300-500 for very basic coverage, to somewhere around $1500 for the Cadillac policies.
I generally think "extended warranties" are scams with too many clauses and too much fine print. But on my last two houses that came with used appliances, I had to replace 2 furnaces, 1 refrigerator, 1 microwave, and maybe other stuff; so in both cases a "honest" warranty would have saved me a bundle...
Any feedback, advice, experiences, etc. are appreciated as I weigh this possible expenditure. Thanks.
I generally think "extended warranties" are scams with too many clauses and too much fine print. But on my last two houses that came with used appliances, I had to replace 2 furnaces, 1 refrigerator, 1 microwave, and maybe other stuff; so in both cases a "honest" warranty would have saved me a bundle...
Any feedback, advice, experiences, etc. are appreciated as I weigh this possible expenditure. Thanks.