3411: Are Home Warranties Worth It? by Mike Ballew of EggStack on Evaluating Home Coverage
Episode description
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3411:
Mike Ballew explains why home warranties are often a poor financial decision, describing them as overpriced plans for predictable expenses rather than true insurance. He makes a compelling case for self-insurance, urging homeowners to save strategically instead of relying on warranty companies that rarely deliver full value.
Read along with the original article(s) here: https://eggstack.com/blog/2020-03-08-Are-Home-Warranties-Worth-It/
Quotes to ponder:
"Home warranties are forced savings for people who don’t have the self-discipline to save."
"Insurance performs well when the risk is low and the potential damages are high."
"You don’t need to insure against things that are totally predictable."
Learn more about your ad choices. Visit megaphone.fm/adchoices