On 11/27/2013 12:51 PM, Ed Pawlowski wrote:
>
> Home warranty works like this. You pay the warranty company money. If
> something breaks, they spend as little as possible to get things working
> again and keep the rest of the money. Put that $500 a year into a
> saving account and you can handle just about anything needed around the
> house.
>
> In today's money I've been a homeowner for 48 years. Paying for a
> warranty would have been $24,000 over that time. Over the years I've
> replaced most every appliance we have and the heater in my present
> house. I'm about $10,000 ahead and I have the top of the line
> appliances I want, not some cheap crap or overhaul by a warranty
> company. Stuff wears out and then you replace it.

I feel the same way about pet insurance. They pay out very little if you
file a claim. Put the same money into a savings account and any
expensive vet bill should be covered by what you save rather than pay
VPI or some other pet insurance company.

--
CAPSLOCK€“Preventing Login Since 1980.