I hate insurance. You are basically betting your money against yourself. When you buy life insurance, you bet you'll die young and the insurance company is counting on you living to a ripe old age. Car and house insurance is the same principle except that the odds are better that some accident will occur and you don't really have a choice, since most states and mortgage companies insist that you buy it.
A few years ago we bought a home warranty policy that covered large appliances, water heater, air conditioner and such. Since most of our appliances were at least ten years old and one air conditioner was at least 25 years old, we thought it was a good deal. Wrong.
The only thing that's gone out since we owned the policy is the six year old air conditioner on the addition to our house. Six months ago it needed a new condenser motor. Insurance company called a repairman and it got fixed. Pretty good deal. Now we find out they didn't put in the right model and once it got hot, it doesn't work.
We have been trying to get it repaired for over a week now. The only companies on the insurance company's list are in Las Vegas, an hour away. In the summer, these companies are swamped with business and have no desire to spend their valuable time driving for two hours. After three days, they finally sent someone out at 7:30 p.m. Of course he didn't fix anything, just looked to see what needed to be fixed, had to order parts, get approval, etc. Since then it's been nothing but excuses and appointments where no one shows up. A week later and the den is still hovering in the 90 degree range. Fortunately, the 30 year old air conditioner is still keeping the main part of the house cool.
I've made so many calls to the insurance company and the vender that you'd think they'd send a repairman just to get me off their backs. Today the insurance company asked me if I want to have another vender. "Start over?" I asked. I could practially hear her shrug.
As soon as I get this air conditioner fixed, I'm cancelling this policy.Of course, at the rate it's going, they can probably cound on at lerast six more months of premiums.