1. Let's face it, home warranty is no different than any other insurance, period. If you recognize that you are paying for something that may never be needed going in, then when you have a loss, you recognize the benefit. The 50 70 per loss/claim is your deductible, which you have to pay on any coverage, cell phone, auto, homeowners, etc. Each and every claim is a new loss. With that said, I will say, I had a home warranty on my "home from hell" in California, and Thank God we had it. They paid for a new furnace, new water heater, new well pump, just to mention a few things. Yes, I had to pay my deductible each time, but the $500 600 warranty paid for itself over and over in that home. I would rather have paid the $500 600 and never had to call on them. I would have probably been like everyone else out there complaining that they are a big waste, but when you have a claim that would have cost you hundreds to thousands of dollars, writing a check for the $50 deductible is relatively painless. I found this website while looking to purchase a home warranty on a home we are about to buy, and I will have no regrets, especially if I never need to use it.
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Perhaps the former homeowner had a different home warranty provider or less coverage than you, and they are having trouble getting the maintenance and repair records. It may be that they are having trouble getting confirmation of your bank statements from your financial institution. Don’t be afraid to call and politely ask what you can provide to help speed up the process. A home warranty is the best way to get the home protection that you need. It will help you to keep your real estate in good condition. It will also help you to make sure that you are not caught off guard by extreme and unexpected repairs.