Select Home Warranty Rip off won't cover anything offers ridiculous settlement so they don't have to pay Internet

Every claim I have tried to file has been denied for some general loop hole they have in the contract.

The latest one was my microwave that is less than 1 1/2 years old. They didn't even send a repair person out they just said it was not "cost effective" to repair and would send me $95 to replace it once I sent them a copy of the bill. The microwave alone is $259 in stores now not to mention tax and installation.

This is the reason we buy home warranties so we don't have to deal with it all. Save your money and go to another company because this one just takes your money and will NOT pay for anything. This is the exact explanation i received for them not coming out or covering replacement:

As per your policy section 8, In lieu of replacing a system or appliance that is deemed irreparable or it is not cost effective to repair, said determination being made by Select, Select may choose to pay a cash settlement for the irreparable component of the system or appliance. Select is not responsible for installation. The cash settlement shall be in an amount not to exceed the depreciated value of the component/appliance being replaced.

The amount that you have been Authorized toward a Replacement Microwave is $95.00

(Retail Cost Less Deductible).

This is a way for them to get out of anything, I'm glad it wasn't my ac that went out! When asking for a refund to cancel my warranty they charge a $75 cancellation fee