The other day on Facebook I asked for opinions regarding renewing our home warranty. The majority of people said they would renew their home warranty. I’m still not convinced it is the best deal for us since our house is newer and probably won’t need any major items replaced for several years.
Yesterday I stumbled across this video from Clark Howard. He recommends NOT buying an home warranty. His reason, people are almost alway dissatisfied with the warranty company.
For our warranty the price is $500 to renew and then $75 for each service call. We would have to anticipate over $500 in repairs over the next year for it to be worth it. I can’t decide.
What do you think? Do you have a home warranty? Has it been worth it?
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