fidelity home warranty insurance company

About 12% of the extended warranty or the home warranty or the electronics warranty is actually the risk that you’re taking. In other words, the cost of the average item breaking down within the warranty period usually runs about 12%. The rest of what you’re paying is profit, commissions, overhead and marketing costs. I would rather just take the chance. Put $. 88 in my pocket of every dollar—$888 of every $1,000 that I would’ve spent on warranties and $12 in savings, and on average, I’m going to cover the breakdown that those warranties would’ve covered.

When you purchase a home, even a home that isn't new, there is a very good chance that you will be offered a home warranty.

home warranty plans worth it

One should be aware that systems and appliances are always failing.

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