You should carefully read the contract you have for your home warranty
before paying it out. With many of these there are clauses, and limitations.

The new appliances of today will not last as long as the older ones. The
average lifespan of a new major appliance is probably about 5 to 7 years,
from how I can see that they are built. Twenty years ago, they could easily
last about 10 to 12 years if taken care of.

When buying new appliances, I always take the factory extended warranty.
I've used it on a number of occasions for the stove, microwave, and fridge.
It included an in-house visit, which saved me a lot of problems. When
considering the high cost of appliances, and the high cost of the service,
it is a gamble to take an extended warranty for it.

As for a non factory warranty that is through an insurance company, I would
not take that. One reason is that they may have the right (must carefully
read the contract) to appoint any contractor that they want to do the
service, and if the one that they choose is not very good, you will be stuck
with it. These insurance companies must make a lot of extra dollars with
these policies. I have seen instances where they find situations where they
are not responsible to pay out.

They also know that with many of the new appliances that are computerized,
the parts and service are very specialized. These parts go obsolete very
fast, and many of the contractors who are making the circuit boards do not
stay in business very long. This means that a new appliance would be
required. Would the home warranty pay the replacement cost, if the one you
have is no longer able to be serviced?

--

Jerry G.
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"User" wrote in message
news:sysWd.3036$Ru.1580@okepread06...
My home warranty is about to expire. They want $300 or so to renew it. I
plan to replace the old oven and add a microwave on my own, so that will be
a new set of appliances that would either have their own warranty or I am
assuming won't be covered by a home owner's warranty.

The only major thing I have is a heat pump which is original, about 15 years
old. I've researched this and the consensus is home owner's warranty's
pretty much suck when it comes to getting those items fixed.

Is it worth it, or should I ride it out and replace the heat pump myself?
I've had no problems with it this past year, and I doubt the HO warranty
will buy me a new one; rather just extend my pain by continuously reparing a
broken heat pump (if it breaks) and then eventually cash me out for a
minimal amount.

Does this sound about right? Should I renew the waranty or keep the $300?