American Home Shield is a home warranty company. $40 a month and a $60 deductible.
They're a pain in the ass to use, but it does save money. For example, last summer our air conditioner went out. It took three appointments to finally get the company they hired to admit I needed a new unit, but all I paid was $60 and received a brand new air conditioner.
I'm sure this will be a pain in the ass too to get fixed/replaced, but in the end, this service will only cost $60 instead of $500+.
So running the numbers...
- I've been in my house for at least 16 years...
- In that time, I've had to replace a dishwasher, a washing machine and a water heater.
- Under a plan like this, I would have paid $7,680 in monthly fees at $40 each and $180 in service calls at $60 each.
- Without the plan, I would have spent $300 for a comparable washing machine, $300 for a comparable dishwasher and $800 for a water heater. Of course, I spent a bit more than that, because I had to get a matching dryer with the washer and upgrades to the latest fancy models with bells, whistles and computers were absolutely necessary. You probably don't have that option under your plan.
To be fair, I've also had about three HVAC issues in the last 5 years at about $100 per visit. I've also had a roof replaced, but would that have been covered under your warranty?
Coming up in the next couple of years... I'll need to replace both HVAC systems. Thanks to the Dumbo-crats and the Global Whining movement, I can no longer repair my systems. I'll have to completely replace them. They don't call this a tax, but it's still going to cost me an ass-load of money to satisfy the worthless feelings of skat-for-brains politicians.