does sears home warranty cover plumbing

About 12% of the extended warranty or the home warranty or the electronics warranty is actually the risk that you’re taking. In other words, the cost of the average item breaking down within the warranty period usually runs about 12%. The rest of what you’re paying is profit, commissions, overhead and marketing costs. I would rather just take the chance. Put $. 88 in my pocket of every dollar—$888 of every $1,000 that I would’ve spent on warranties and $12 in savings, and on average, I’m going to cover the breakdown that those warranties would’ve covered. The big items, you transfer the risk on. That’s why we buy life insurance. That’s why we buy homeowner’s insurance. If your house burns down, you can’t self insure through that one. You can self insure through your DVD player breaking.

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01.14.2007 | 34 Comments

The subject of home warranties often comes up during the sale and purchase of a home. A home warranty can provide reassurance to a homebuyer who has limited information about how well the home's components have been maintained or how well the home has been built, in the case of new construction. A warranty can also be helpful for someone who has just depleted their savings to buy a home and wants to avoid any additional major expenses. For home sellers, offering the buyer a paid up, one year home warranty with the home purchase may provide a measure of protection against buyer complaints about any home defects that arise after the sale closes. However, providing a home warranty does not exempt the seller from her legal requirement to disclose any known problems with the home. To learn more about protecting yourself, read Consumer Protection Laws You Need To Know. Home warranties aren't expensive compared to the cost of repairing or replacing most of a home's important components, and this fact is one of a warranty's major selling points. However, there may be many years when nothing at all breaks down or wears out in the home. In these years, the homeowner gets nothing except, perhaps, peace of mind in exchange for his premium. That money could be put into an emergency fund for making the same repairs and replacements that the home warranty would cover. Also, if the homeowner tries to use the warranty and the claim is denied, he will probably feel like the money spent on the premium and the service call fee was wasted.

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01.14.2007 | 16 Comments

Alternately, you can use hot water and a drop of dish liquid. 6. Allow the solution to sit for 30 minutes. Complete the cleaning by flushing the pipe with water. Have a helper watch the pipe outside and tell you if the water is running freely. If you don't have a shop vacuum, you can use a piece of surgical tubing to free the blockage.