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Once Again...Thanks RTW...WOW!!!!

April 3rd, 2014 at 03:15 pm

Soooo....after reading RTW's Home Warranty blog and after much deliberation, consideration and thought, I decided to contact a Home Warranty company regarding a free quote. Below is the covered items for my policy quote......

Covered Items
Air Conditioning System
Heating System
Electrical System
Plumbing System
Plumbing Stoppage
Water Heater
Whirlpool Bathtub
Refrigerator
Oven / Range / Stove
Cooktop
Dishwasher
Built-In Microwave
Garbage Disposal
Clothes Washer
Clothes Dryer
Ductwork
Garage Door Opener
Ceiling and Exhaust Fans
Limited Roof Leak
Stand Alone Freezer
Well Pump
Septic System
Sump Pump
Septic Tank Pumping

Total Price for 13 months: $600.00
Total Deductable Per Call: $45.00

UNBELIEVABLE!!!!!!!!!!!!!!!!!!! Thanks again RTW

6 Responses to “Once Again...Thanks RTW...WOW!!!!”

  1. creditcardfree Says:

    That seems like a lot of money for a year's worth of insurance on your appliances. Are yours really old? Might make sense then. I'd rather save the $600 and use it towards a repair IF needed. I only spend about $120 per year to service the heat and air. Everything else runs just fine.

  2. Mooshocker Says:

    Very true...However, I have a well, water softener system, septic, and deep well pump...along with my appliances, leach field, etc. At any given point, a $1,000.00 bill could hit me hard....now, it's only $45.00!!!!! Peace of mind I suppose.

  3. Looking Forward Says:

    The problem (as I see it) is that you have to use the company they send to you - you don't get a choice. Now, I might be wrong about your warranty company, but years back when we rented our landlord had the policy for her home and ours. Needed a plumber and the home warranty company sent out "their" contractor - he had to come out three times and she had to pay the "co-pay" each time.
    And do they cover any replacement cost? Or just repair only?

  4. Mooshocker Says:

    Replacement costs, repairs, etc. are all covered. However, yes, each "visit" requires the deductible of $45.00. I suppose there are downfaults along with the positives but again, by and large, I am very excited about this investment. Now, my only concern is approval of claims. I can see where there could be stringent scrutinty and there was very little online information regarding fine print policies. That said, when my paperwork comes to me for review, I do have 30 days to cancel if it isn't right for me.

  5. Another Reader Says:

    I have had a lot of home warranties that were thrown in with the purchase of rental properties over the years. For the most part, they were fairly worthless. Often they would try to weasel out of replacing something and their repair people were generally pretty poor. The only time I came out ahead was when the A/C units were near the end of their lives. I kept an Old Republic (best company of the lot) policy for several years. I got them to replace a range along with an A/C unit that was well beyond its useful life. Once the big dollar items were done, I dropped the policy.

    Like anything else, there is no free lunch. These companies would not be in business for long if they did not make more in premiums and on investing the premiums than they pay out in claims.

  6. Retired To Win Says:

    I understand all the skepticism -- and maybe it is just the home warranty company I have used for over ten years -- but I have not experienced any of the problems that have been posed in the preceeding comments. I've had no hassles with repair approvals, the warranty company has MULTIPLE service companies for each type of repair in each locality, callbacks for the same problem have not resulted in a second deductible, etc., etc.

    For the whole rundown on my experience, feel free to check the blog post Moonshocker has referred to.

    Home Warranties Work For Me:
    http://retired-to-win.savingadvice.com/2014/04/02/home-warra...

    And thanks again for the plug, Moonshocker!

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