BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
INDustry distribution
Post Reply
 
Thread Tools Search this Thread
      03-09-2011, 01:27 PM   #1
Mr. Maboomba
Bfc Transplant
 
Drives: 2014 BMW 320i Sport
Join Date: Oct 2009
Location: San Francisco, CA

Posts: 317
iTrader: (1)

New Home Warranty

I'm buying a house in Baltimore City. It's new construction, but it wasn't built by a corporate builder (e.g., Pulte, Ryland, etc.) so the seller doesn't offer their own self-underwritten home warranty. As such, I'm requesting the seller include a third-party home warranty with the property. In Maryland, the law requires a warranty that provides at least 1 year comprehensive coverage; 2 years for major systems (e.g., plumbing, heating, air conditioning, etc.); and 5 years for load-bearing structural components.

Who is a reputable provider of these warranties?

How do I compare plans?

The way I have written the contract right now, I've said the seller must find a warranty plan and then get my approval before purchasing it. Should I be more specific - should I specify exactly which plan they have to buy?
__________________
2009 BMW 335i<< Ben >> 1998 BMW 328is
Mr. Maboomba is offline   United_States
0
Reply With Quote
      03-09-2011, 02:06 PM   #2
Feyd
Major
 
Feyd's Avatar
 
Drives: a DEEZZULL
Join Date: Aug 2007
Location: Chicago, IL

Posts: 1,241
iTrader: (2)

You'll get fucked.

I mean.. do it so that you might have a prayer of a chance of recouping some of your repair costs, but as a rule these places make it SO hard for you to get reimbursed.. it's how they make their money.

If for instance your AC condenser goes and you owe 4k for the repair... you might have to chase them around for a year, but you'll get your money back eventually. So in that regard it's good that it's there, but for the $300-$500 repair jobs it gets to a point that it becomes a second job to try and manage the payouts/claims, etc. and it just isn't worth it.

They're a good thing to have, I'm just trying to set expectations that it isn't as great as you think it is. At least you are being smart about it and doing research... I didn't because my Agent "recommended" a firm to me for mine... I figured $350... what the hay!


Well... I'll let the reviews to the talking.

http://www.homewarrantyreviews.com/r...-home-warranty

Feyd is offline  
0
Reply With Quote
      03-09-2011, 02:38 PM   #3
Freakazoid
Captain
 
Freakazoid's Avatar
 
Drives: Saturn Redline
Join Date: Dec 2009
Location: Pittsburgh

Posts: 967
iTrader: (0)

Quote:
Originally Posted by Feyd View Post
You'll get fucked.

I mean.. do it so that you might have a prayer of a chance of recouping some of your repair costs, but as a rule these places make it SO hard for you to get reimbursed.. it's how they make their money.

If for instance your AC condenser goes and you owe 4k for the repair... you might have to chase them around for a year, but you'll get your money back eventually. So in that regard it's good that it's there, but for the $300-$500 repair jobs it gets to a point that it becomes a second job to try and manage the payouts/claims, etc. and it just isn't worth it.

They're a good thing to have, I'm just trying to set expectations that it isn't as great as you think it is. At least you are being smart about it and doing research... I didn't because my Agent "recommended" a firm to me for mine... I figured $350... what the hay!


Well... I'll let the reviews to the talking.

http://www.homewarrantyreviews.com/r...-home-warranty


+1 I don't understand how this mini scam still exists....
Freakazoid is offline  
0
Reply With Quote
      03-09-2011, 03:00 PM   #4
Mr. Maboomba
Bfc Transplant
 
Drives: 2014 BMW 320i Sport
Join Date: Oct 2009
Location: San Francisco, CA

Posts: 317
iTrader: (1)

These warranty programs may be a scam if you expect them to replace your lightbulbs... but I'm not buying a new, untested house without some expectation of coverage against defects in materials and workmanship...
__________________
2009 BMW 335i<< Ben >> 1998 BMW 328is
Mr. Maboomba is offline   United_States
0
Reply With Quote
      03-09-2011, 03:14 PM   #5
Freakazoid
Captain
 
Freakazoid's Avatar
 
Drives: Saturn Redline
Join Date: Dec 2009
Location: Pittsburgh

Posts: 967
iTrader: (0)

Quote:
Originally Posted by Mr. Maboomba View Post
These warranty programs may be a scam if you expect them to replace your lightbulbs... but I'm not buying a new, untested house without some expectation of coverage against defects in materials and workmanship...
I definitely don't fault you for it...because as the original poster said, for the big ticket items it helps. But they have to be BIG ticket items, otherwise the hassle you deal with is usually ridiculous. This is why I'm calling it a 'scam', not because it's a waste of your money, more because of what they try to convey with their 'home warranty' program to be an easy, quick/simple thing...when in reality the hoops and paperwork you have to deal with becomes a big time suck.
Freakazoid is offline  
0
Reply With Quote
      03-09-2011, 03:47 PM   #6
Feyd
Major
 
Feyd's Avatar
 
Drives: a DEEZZULL
Join Date: Aug 2007
Location: Chicago, IL

Posts: 1,241
iTrader: (2)

Quote:
Originally Posted by Freakazoid View Post
I definitely don't fault you for it...because as the original poster said, for the big ticket items it helps. But they have to be BIG ticket items, otherwise the hassle you deal with is usually ridiculous. This is why I'm calling it a 'scam', not because it's a waste of your money, more because of what they try to convey with their 'home warranty' program to be an easy, quick/simple thing...when in reality the hoops and paperwork you have to deal with becomes a big time suck.
Exactly.
Feyd is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:43 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST