Which "Home Owner Warranty" Company do you recommend?

 Buying our first house, the seller has offered to purchase a Home Owner
Warranty for us but we are tasked with choosing which company and plan we
want (up to $400).  Does anyone have one of these or can you recommend a
company?

Thanks in advance

  On Thu, 22 Feb 2007 03:34:20 GMT, "WalkerTexasHiker"


Ask them to credit you the $400 at closing.  A home owner's warranty
is totally useless and a waste of good money based on my personal
experience because there are so many exclusions, and you're required
to use only their contractors, and often the deductible makes the
whole process unpalatable (mine was $90, and the policy wouldn't cover
the types of repairs I needed).

 $400 at closing is good advice...if you save the cash unless your're
buying a total pit, will cover most things that go bad in a year.

DAC

 
IMO home warranties are almost always a waste of money.  They have
numerous coverage exceptions, are notoriously difficult to deal with,
and if you try to dispute a denied claim, they trap you into an
arbitration process where they usually choose the arbitrator.  You
can't sue a warranty co except under very narrow, extremely rare,
cirumstances, and doing that often requires a separate lawsuit just to
get out of the arbitration clause.  I have personal experience with
the type of home warranty on a new home.  Except for the items
"covered" they are very similar to those on older homes. On older
homes the warranties typically cover appliances, but on new homes they
are on just the house itself, mostly the structural elements.  Also,
don't assume that state regulations will help because warranties are
often not regulated much if at all.

 Thanks for the information.  Ive talked with a couple of people and gotten
mixed reviews.  Some said exactly what you have said and others had great
experiences and saved thousands on a large repair cost.  At least its not my
money :-)