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Home warranties the good the bad the ugly are they a scam?
We also talked with the contractor that shed some more light on what we think is a scam.
These companies consistently change their names to continue to market their products, it is our opinion they do this to hide reviews.
This image was obtained by a contractor working for some of these warranty companies. This shows all the different names that they were using during the time this image was produced.
If you have questions about a new HV AC system here is a good website / resource.
some info from https://www.startribune.com/why-home-warranties-aren-t-a-good-bet-for-homeowners/508174092/
Home warranty companies generally take in way more fees than they ever pay out for repairs. Checkbook looked at the financial filings of the parent company of American Home Shield and several other warranty providers. For the nine months ending in September 2018, American Home Shield reported revenue of $979 million. The cost of providing services to customers was $532 million. That means that customers received about 54 cents in services for every dollar they paid the warranty company.
Filetype: MP3 - Size: 49.03MB - Duration: 42:51 m (160 kbps 44100 Hz)