The $42-per-month fee seems like a deal for the peace of mind, but you're way better setting that money aside in savings and handling repairs using qualified professionals.
I had the plan for almost a year when my oven broke. I called American Home Shield, and they sent a technician out (there is a 7-hour window, so I had to work from home that day) and when I explained the issue, he collected his "service fee," and then set about "inspecting" my oven. For 30 minutes he tried to get the oven door off and finally had to look it up online on his phone. He then left and said he'd be back with me in 3-5 days.
Two weeks passed, and I didn't hear from anyone, so I called American Home Shield, and they told me that my repair has been denied. They told me that the repair guy reported that I was "missing a part" and when I called BS, they sent another technician out. When the second guy arrived, I told him the story, and he asked me if I happened to have a video of the stove breaking. WHAT?
I invited him to leave my property immediately and set about the long voyage of trying to cancel this awful contract. I sat on hold for 45 minutes longer than the usual 45-60 minute call, to be connected to someone in their "retention" office. This woman's attitude was awful, and she took a clear satisfaction in trying to avert my cancellation by assessing me an early cancellation fee.
This is a racket and a fleecing operation, to put it kindly. Stay far, far away!
Bottom Line: No, I would not recommend this to a friend
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