I know — we’re all Toolmongers here and should fix everything ourselves. But sometimes you either a) don’t have time, or b) need some expert experience — like when your air conditioner breaks.
It’s for exactly those times that some friends have been recommending that I pick up a home warranty — one of these $300 to $600 a year “policies” that covers HVAC, appliances, garage doors, and such for a $50 service call “deductible.”
Do any of you have experiences with ’em, and if you’ve had positive experiences could you share who you went with?
(And yeah, the picture above is meant to be funny. My house doesn’t look that bad.)
Update: Roscoe adds in comments that significant benefits can be had simply by adding (relatively) inexpensive riders to your homeowner’s policy. He writes: “Make sure you get coverage for water in your basement as a result of power failure and sump pumps not working” and “make sure you’re covered for lightning strikes, get coverage for your tools that you keep in your house, and get coverage for earthquakes even if they’re rare in your area. Most agents are reluctant to offer these riders, but very few won’t do it if you’re persistent about what you want covered. You’d be surprised how cheap it is to insure your tools. I’ve seen it for as little as $10/year.”