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Any stories good or bad on home warranties?

I’m not an extended warranty kind of guy, but our appliances, including the A/C and furnace, are ten plus years old. A home warranty may offer a reasonable protection against inevitable failures.

I would think that a warranty to cover the expensive appliances over a ten-year period would cost $7,000 – $9,000. A newly installed furnace is over $6,000, but these warranty services cap the max at around $3K, unless you get their premium service, which, of course, is more costly. Also, as I understand it, there is a service fee that is paid out for each service call, a “co-pay” so to speak.

When I do the math, there is nothing that screams out that I need to get one of these things, but I’m curious about others’ experiences.