Devil’s in the home warranty details

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Q: I'm currently in contract to buy a townhouse. The broker and my attorney are encouraging us to have the seller purchase a home warranty (through Coldwell Banker). What is your opinion of these programs? There seems to be many complaints about them online. A: First, I need to give you a couple of disclaimers: I have only limited experience with home warranties, and I don't know anything about Coldwell Banker's specific program. So this is only my general and limited opinion. From what I have seen and heard, home warranties suffer from a "fine print" problem. Homes and their systems are very complex, and there are so many variables that affect them, from the weather to do-it-yourself repairs. For that reason, there are a number of things that are either not covered or have only limited coverage under a lot of the warranties.Also, there can be a number of factors that determine the inclusion or exclusion of a listed repair, such as age, condition, who's worked on ...