The more you look at them, the more they look like sucker purchases.
The warranty business is growing large enough to be a competitive nuisance in some markets. That's because
homeowners don't know any better.
This homeowner remembers 1994 as a bad year maintenance-wise. I came home one Friday night to find a big puddle
leaking from underneath my ancient water heater. Had to pay time and a half to get it replaced over the weekend. My
dishwasher, refrigerator, clothes dryer and assorted other breakdowns dinged me to the point that I looked into the home
warranty policies that I had been hearing so much about at work. It sounded attractive to commit to $400-$500 a year
to be covered for all those things that went wrong.
