At least the ShamWow would be good for something.
WOW
Can they be shipped with the furnace filters?
I think the Illinois Governor said that, today. ;-)
How is offering a warranty bad? Read the fine print? I have used the warranties for YEARS and they are well worth the money. I see no down side. Please explain to me how they are BAD for a buyer. Maybe I am not seeing something.
I never said they were bad. I said I don’t know if they are good. I don’t offer them.
Which warranty do you use?
American Home Warranty - They have treated me fairly and according to their guidelines. Have had only a few claims, but if they fall within the guidleines they pay no problems. The buyer uses their own proper tradesman and they pay up to the amount agreed. Once again what is the BAD side of offering a warranty? I am asking because I am just not seeing it. I am not saying its NOT there, just that I am not seeing it.
I’m guessing it comes from…
I’m thinking that, often, the receiver of the warranty is not 100% aware of each of the “guidelines” for an item to be covered and is disapointed (at the least) or litigious (at the worst) when something goes awry and is not paid for.
This is the same with the disclosure statement they sign at the inspection. They are not AWARE if each and every thing in the contract and yet you make them sign it. Plain and simple if they want to sue they are going to sue.
From what you are saying is you do not offer warranties because of something that can possible happen in the case of a rare instance and they did not read the warranty. So how are you in business? If you are afraid of what MIGHT come up and the potential of being sued then how can effectively run a business? I am not saying you don’t and I am NOT knocking your withins of business practice, just making a statement. If people want to sue they can sue. I do not OFFER the warranty. I GIVE IT FREE. So they are not PAYING for it, its a gift. So your saying you would rather say to a client : Your 5 year old water heater is now leaking and its been 60 days after the inspection. I am so sorry sir, but it was working at the time of the inspection and I have no liability.
or for a few dollars you could say. Damn good thing I GAVE you that warranty. Just call the warranty company at -------- and they will guide you along the process. If you need anything or feel that they are not serving you in the proper manner,please give me a call back.
I guess thats why there are different ways of doing business.
Russel,
It’s simply a business decision. I am directly responsible for my contract. I am not directly responible for the performance of the warranty company. I prefer to be in control of my business and any thing I offer.
Acording to your theory, those of us that don’t offer warranties won’t be (or shouldn’t be) in business.
Peace and continued success.
Not at ALL…I am sorry if it came across that way. Richard I did not mean for it to come out like that at ALL. No offense intended. I just never saw a downside to offering the warranty. And you like to be in control of it. I see your point and its a valid point. I don’t agree with it at all, but it makes sense to you. I am just saying that worring about all the what ifs and what could be’s in a business usually leads to the death of a business. All business’s must take some sort of risk thats all I was saying. But what would you do if the 5 year old water heater was leaking 60 days after the inspection? Would you fix it? Just asking…
This is my fear too. But please do not give Nick anymore ideas. I hate Tupperware parties. 
No dice. His name is Stacy.
Interesting mission statement.
Service Master’s Mission Statement is to “Honor God in all We Do.” It is a joke. The only thing they will honor is the almighty dollar. I have seen more Bibles on desks, Bible verses on walls and plaques, but they do not understand the meaning behind those verses. I would rather have leaders who could define integrity and live it than use a Bible for decoration.
Just one clarification:
There are no service contractors for this type of warranty. NONE.
This type of (90- or 100-day) warranty does not involve service contractors at all. The common 1-year warranties that people are familiar with do involve service contractors. The class action law suits against these 1-year warranty corps stem from the use of service contractors (who too often deny claims).
The 90-day or 100-day limited home warranties for home inspectors differ greatly from the 1-year warranties.
1-year warranty: $300-600
Limited warranty: $15-20
1-year warranty: $75-100 deductible claimant has to pay.
Limited warranty: There’s no deductible. No fees. No costs.
1-year warranty: Service contractor arrives at doorstep to further evaluate claim validity.
Limited warranty: No service contractors. Just a $check arrives.
1-year warranty: Typically do not cover things such as roof leaks, appliances, and a/c units without charging extra fees.
Limited warranty: Comparatively good coverage.
1-year warranty: Sold to public, real estate agents, home owners, anyone.
Limited warranty: Sold only to home inspectors, who give it to their clients for free, as a gift, as a value-added service.
For years my inspection company included with every inspection a warranty by American Home Warranty. Good company.
Maybe you should offer this new improved product to Well’s Fargo or some of the other large mortgage lenders.
Your program doesn’t compare with other industry wide home protection plans. But, maybe you can convince them otherwise.
https://www.wellsfargo.com/insurance/property/home_warranty/faqs
I have been inspecting more than 5 years. NACHI, ASHI, etc. and my business has been helped tremendously by offering a 90 day “0” deductible HOW that covers mechanical and structural. It works great, no problems, and the company pays with problems. You “whiners” that don’t like it, FINE, see you later. Your loss. Nick is right to proceed in this direction. In a couple of years there will be a lot of “Home Inspections” done for free and a bunch of you will have to figure out what you’re going to do next. Sounds like a bunch of “hooey” to me but a lot of “BIG money” has studied this and guarantees this is going to happen!!! Merry XMAS :):)
huh?
I haven’t read every comment in this entire thread, but the one’s I have read (other than Nick’s) are filled with negativity about this warranty program. When someone offers me a free warranty to limit my liability, I just say “THANK YOU.” So what if it’s limited. Everything is limited, including my inspection. The key word here is FREE. Any warranty at all is an improvment from the “No Warranty” policy I offer now.
So, Thanks Nick! Great idea.