self-insuring

Consumer Reports warns that home warranties may exclude coverage for specific components or issues, leading to denied claims. The article highlights that poor maintenance, preexisting problems, and scams can undermine these plans, advising homeowners to verify existing protections and consider self-insurance alternatives.

Home warranties may not cover as much as expected, with exclusions leading to denied claims. Consumer Reports advises checking existing protections and scrutinizing coverage details before purchasing. Scams involving fake warranty expiration notices are also warned against.

Home warranties may not cover as much as expected, with Consumer Reports noting exclusions that can lead to denied claims. The article advises checking existing protections, understanding coverage limits, and being wary of scams, while suggesting self-insuring as an alternative.

Prospect Medical, a for-profit hospital chain, collapsed due to financial mismanagement, including failing to set aside funds for malpractice insurance, leaving patients like Pamela Dorn without recourse after her husband's death from alleged hospital negligence. The company's bankruptcy in 2025 exposed systemic risks of self-insuring against malpractice claims.