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The AHS (American Home Shield) warranty I currently have is certainly renewable. In fact, they've sent me three renewal notices already. I haven't had to replace anything in the house, but AHS states in its policy that, if unrepairable, they'll replace the item with an equivalent one, i.e...

Our townhouse my wife and I bought almost a year ago came with a one year home warranty. We used it on four different occasions for various repairs, most of which were already broken or slightly malfunctioning when we first occupied the house (each trade service call carries a fee of $45). We're...