Homeowner’s insurance doesn’t cover wear-and-tear claims, despite the hardship inflicted by the midwinter failure of a $3,000 furnace. Not everyone has $5,000 sitting around to replace the AC unit on those hot days.
Like anything when it comes to money, always make sure your personal needs are taken into consideration before making a decision!
Our parents lived in houses built in the 1950s – or earlier. Often, these homes were made by hand, rather than by the systemic procedures used by builders today.
According to Statista, the average American spends more than $2,000 maintaining their home every year. And, that’s only an average – sometimes, you’ll spend more (especially if you have to replace your furnace).
As you’ve rightly suspected, there are a lot of dishonest outfits out there. I am not going to lie – just like big-box warranties – the home warranty industry has more than its share of fly-by-night operators.