Finding Answers For Practical Life Insurance Plans

And the repairs can cost less than the large amounts you are paying for the warranties, according to Consumer Reports . Consumer Reports also says stores keep 50 percent or more of what they charge for these contracts, which is a considerably larger profit margin than they make selling the product. In some cases, the salesperson also gets a hefty cut of every warranty sold. 12. Home warranties Consumers frequently expect more than these plans deliver and end up frustrated. See: Are Home Warranties Worth the Money? for a breakdown of the pros and cons of home warranties. Hint: There are few pros. If you decide to go with a warranty, read the fine print to see whats really covered. Money Talks News founder Stacy Johnson tells of the time he had a home warranty that covered his refrigerator.

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