BillyJack Posted March 13, 2021 Report Share Posted March 13, 2021 Anybody have it and seen how it works? Quote Link to comment Share on other sites More sharing options...
wtnhighlander Posted March 14, 2021 Report Share Posted March 14, 2021 I thought Sears went out of business? Quote Link to comment Share on other sites More sharing options...
Popular Post Mick S Posted March 14, 2021 Popular Post Report Share Posted March 14, 2021 3 hours ago, wtnhighlander said: I thought Sears went out of business? Short plan. 3 Quote Link to comment Share on other sites More sharing options...
Chestnut Posted March 14, 2021 Report Share Posted March 14, 2021 My only experience with home warranty plans is make sure to read how old of items it covers. A lot of those home warranys only cover devices that are XX years old or less. I've seen a lot of 15y or 10y on them. Often times that isn't helpful. Other times they don't cover the expensive part of something or the part that is likely to break. Quote Link to comment Share on other sites More sharing options...
Mark J Posted March 14, 2021 Report Share Posted March 14, 2021 I'm sure somebody bought the rights to the name Sears. Quote Link to comment Share on other sites More sharing options...
BillyJack Posted March 14, 2021 Author Report Share Posted March 14, 2021 Sears home warranty plans seems to be highly rated. You can buy by the month or year. Quote Link to comment Share on other sites More sharing options...
curlyoak Posted March 14, 2021 Report Share Posted March 14, 2021 Product warranties generally a bad idea. Actuaries are the people that calculate the cost to the company offering the warranty. The customer is calculated to pay their equal share of costs plus profit. The profit on this type of warrant is 15 to 18 percent. So in general over the long run your premiums end up being more than if you hired out for repairs. There are exceptions. In life insurance they demand to know your complete medical records. Not so in product insurance. Be your own judge. Know what type of products may not last for you because of how you use it. If you carried a lap top to construction sites and the circumstances were rough on you lap, then insure. If you are a typical consumer for wear and tear don't get insurance. Product warranty is a profit center for retailers. If it was profitless then most people would break even. But it is not profitless and that is the component that gives the house the edge. And the consumer loses. Even if the consumer gets a big win along the time line, over time they usually win.. 2 Quote Link to comment Share on other sites More sharing options...
wtnhighlander Posted March 14, 2021 Report Share Posted March 14, 2021 Insurance / warranty of any type is very much like visiting a casino. There used to be a billboard on the highway between Memphis TN and Tunica MS, which summarized it nicely: "Guaranteed 98% payout on all slots!" The way I read that, everyone that plays loses at least 2% of their money... 2 Quote Link to comment Share on other sites More sharing options...
Coop Posted March 15, 2021 Report Share Posted March 15, 2021 Piggy bank the money you would spend on the warranty on every item you buy that is offered and see how much you save at the end. However, I don’t take that chance on health insurance. 2 Quote Link to comment Share on other sites More sharing options...
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