Should one buy an annual home warranty?

Answer 1

It is hard to decide if it’s a good deal. There are various factors which show that chances are good if you make the investment. For instance, if you have very old equipment which is likely to have a problem in the near future, your probabilities are good at making the deal in insurance worth the price.

Treat this like playing the slot machine. In case you win, then leave and take the savings. They are playing the odds as well. Expecting you pay more than you will use at the time you are a client. The reality is, if you put in savings what you pay for insurance, you will be in better condition in the long run. There are times when the cost would be below your co-payment, but you will be charged the whole thing. If your appliances are newer, then it is not necessary to worry about insurance.

Answer 2

Be careful with annual premiums. If you are not satisfied and want to cancel, it would be easy if you are on monthly plan.