Home Warranties, Worth it?
Home warranties are generally not worth it. Warranty firms are slow to respond, delaying essential repairs and potentially violating habitability laws. They often use low-cost, low-quality contractors, leading to poor repairs. Their contracts are full of fine print, frequently avoiding coverage for major expenses and emergency repairs. Instead of paying for a warranty, it’s better to set aside money in a rental rainy day fund for faster, high-quality repairs, ultimately saving money in the long run.
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Cody Bergan
Principal
Third-generation property management professional leading Bergan & Company with hands-on expertise in the Denver rental market.
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