As we all know. The government speaks from both sides of it’s mouth. First remember that the government wanted to force everyone to buy health insurance, now in theory it made sense. Because the more people that sign up for insurance, the less insurance cost should be. This is called the law of large numbers. Now lets jump over to the subject of home warranties. A home warranty is nothing more than a very sophisticated service contact, somewhat like an insurance policy. Now, the government in its most recent over reach, “The Dodd Frank ACT” in the name of consumer protection (get ready) basically interjected their tentacles into this very delicate business relationship between warranty company-Agent-Home Seller- and Buyer. The have prohibited realtors from getting paid the commission on the sale of the warranty, thus making it at best an afterthought for the agent. Nobody wastes time mentioning warranties anymore. Thus their sales and revenue have plummeted and the warranty companies only way to surviving now is to either not pay claims or make it as difficult as possible. So that’s why the home warranty companies are simply a dying animal. Very similar to other industries that are marked for death by the Socialists. Don’t you think for a minute that the damage done by the Dodd Frank Act is over. It’s just beginning. So remember, as the government “Protects” you, be ready to do less with less.
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