"Wayne Boatwright" wrote in message
6.120...
Our mortgage company recently announced the availability of SystemsProtect
in our area. The plan apparently offers full repair/replacement of HVAC,
plumbing system, clothes washer and drier, garbage disposal, electrical
system, and ceiling fans. 24/7 service availability. There is a $60
deductible per occurrence, and a $29.95 monthly fee. SystemsProtect is
not
affiliated with our mortgage company. They are simply offering its
availability as a courtesy.

There are certain restrictions which seem reasonable. There is also a
broader service plan that includes kitchen appliances with a $34.95
monthly
fee.

I'm asking for opinions and/or personal experience because we are in our
60s and probably not capable of making most of the repairs ourselves, nor
financially able to pay for or replace the big ticket items on a moments
notice. We could afford the monthly fee easily within our budget.

What say ye?

TIA


They want $420 a year. How much have you spent on repairs in the past 10
years?

Put $35 a month is the bank and you have a good head start. Your mortgage
company is making it available because they get a cut of the profits on
sales, not because they like you. Most home warranty companies use cheap
labor, cheap appliances and often leave people very unhappy.