Real Estate Investing: Home Warranties
February 9, 2015
Bah, I knew that I’d have to renew the home warranty but that crept up on me really fast. Part of a warranty did come with the purchase of the house so that was an unexpected boon but I’m still not happy to part with a big chunk of money.
The alternative, though…!
My property manager recommended picking up a basic, plus 7-star plan, plus washer/dryer/fridge, to cover all the bases from the company they consider the best: Home Security of America evidently actually covers claims and uses reputable contractors.
Not to be confused with American Home Shield, the previous warranty company, and reputed to be an absolutely horrible company according to both my prop manager and Steph. That report is not hard to believe, incidentally. AHS was called to complete some minor repairs two months ago and they’re still dragging their feet. Boy, am I glad I changed away from them before we had anything serious happen.
HSA offers either a monthly or annual billing plan. I’d normally just do the billing plan to spread out the costs but chose to pay the full year in one go. I honestly don’t remember why but let’s pretend it was a good reason.
HSA even recently set up an online claims site. I much prefer to do everything online, especially so there is an easily accessible record and so I don’t have to talk to people for routine tasks, so that’s another point for HSA. Their price is a bit higher but I’d rather pay an insignificantly higher cost for assured better service. I’ve come a long way in my journey from being a tightwad to making wiser long term choices!