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Home warranties, insurance not always worth the cost

Home warranties, insurance not always worth the cost

Home warranties, insurance not always worth the cost
News from Kansas City Star:

By ALAN J. HEAVENS

The Philadelphia Inquirer

Into the mailboxes of homeowners, offers of protection seem to flow more and more swiftly.

For a monthly fee, the telephone company will take care of indoor-wiring problems. The cable company makes a similar offer for TV and Internet service.

The electric utility has repair contracts for your heater and central air-conditioning.

The water company offers coverage in case your sewer line backs up. (For an additional charge, your homeowners insurance policy will cover it, too.)

Add in the extended warranties that employees of every appliance and electronics store appear to be required to suggest these days, and the list begins to get very long.

The question, of course: Is any of this protection worth the expense? Or is it better to put the money you could spend on such coverage each month into a savings account for a rainy day?

Let’s start with extended warranties. Bruce Ha…………… continues on Kansas City Star
… Read the full article


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