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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: TheAnonOne on December 01, 2019, 08:12:05 AM

Title: Gas Co offers variety of home warantee options. Ripoff or good deal?
Post by: TheAnonOne on December 01, 2019, 08:12:05 AM
My local gas company offers something call HSP (Home Service Plus)

They are basically a variety of insurance plans. The annoying part is that they have so MANY of them (6) that protect against a variety of things.

My first thought is that insurance is a losing game, but I wanted to get opinions.



Title: Re: Gas Co offers variety of home warantee options. Ripoff or good deal?
Post by: terran on December 01, 2019, 08:57:43 AM
Insurance is designed to make money for insurance companies and should therefore be avoided when possible. It's not possible to avoid when you can't afford the consequences of the loss. Hopefully you can afford to maintain your home. If not, you probably shouldn't own it.
Title: Re: Gas Co offers variety of home warantee options. Ripoff or good deal?
Post by: TheAnonOne on December 01, 2019, 09:57:42 AM
Insurance is designed to make money for insurance companies and should therefore be avoided when possible. It's not possible to avoid when you can't afford the consequences of the loss. Hopefully you can afford to maintain your home. If not, you probably shouldn't own it.

For sure. I figured this would be the general response.