Do home warranties really save you money?

When times are tough, we all look for ways to better plan repairs and cut unexpected costs. If you own a home, you may be more tempted to purchase a home warranty to help avoid the financial surprise of an unexpected repair.

But the real question is whether home warranties truly offer the peace of mind they claim on the brochure. Will owning a home warranty cover an air conditioner that gives out mid-summer, or a water heater that leaks and turns your basement into a swimming pool. The answer is: maybe.