We moved into our new house a year ago. Well–new to US; it was built in 1956. It has a new roof, new windows, new garage door, and new copper plumbing (though only on the outgoing pipes). It was termite-tented in February.
We need to decide pretty much today whether or not to spend $400 to renew the home warranty. In the past year, we did use the warranty twice: once when the A/C quit (during a 108 degree holiday weekend, thankyouverymuch…AUGH) and apparently needed some part replaced, and once when the shower suddenly filled with water. The plumber said it was just due to a lot of hair in the pipe, and he snaked it for us…but it seemed odd that hair (normally a slow clog IME) would cause the pan to suddenly fill with water halfway through a showering session. But–I’m not a plumber.
The $400 would cover the central vacuum system, cooktop, dishwasher, electrical, exhaust fans, garage door opener, garbage disposal, heating, instant hot water heater, microwave, over range, pest control, plumbing, plumbing stoppages, toilet tanks & bowls, water heater, and central a/c. Since we plan to remodel, a lot of those appliance coverages won’t matter.
For extra, we can add on the sewage ejector pump and well pump (there are other irrelevent items).
If we renew, we’re basically saying we assume we’ll have at least $400 in repairs this year. It’s a gamble. Oh, there is also a service call fee of $55.
We have homeowner’s insurance, but I don’t know how it differs from the warranty. I’ll call later to find out.
So, experienced home owning Dopers, what has been your experience, and what is your recommendation, on renewing a home warranty?