Consumer Reports: Home warranty warning
· KRGV (NBC 5)
Consumer Reports warns that home warranties may not offer the protection homeowners expect. While these plans can help cover repair costs for appliances and systems like plumbing and air conditioning, they often include exclusions that can lead to denied claims. Issues such as poor maintenance or preexisting conditions can affect coverage. Before purchasing a warranty, homeowners should check existing protections, such as builder warranties or credit card benefits. It's crucial to ask detailed questions about coverage and costs. Additionally, be cautious of scams involving fake warranty expiration notices. An alternative is to self-insure by saving for future repairs.
AI summary · Source: KRGV (NBC 5) →
