Home warranties are an excellent idea for anyone who wants the peace of mind that comes with knowing their appliances and systems will be covered when they break down. They may cost a bit more in the long run than not having one, but they are worth it for many people. “How much does a home warranty cost?” Each plan and company is different so be sure to read the contracts of your warranty.
- Peace of Mind
Many homeowners who choose to buy a home warranty find peace of mind in knowing that their home systems and appliances are protected. A home warranty can help cover repairs or replacements if they break down due to normal wear and tear. In most cases, homeowners will have to pay a service call fee or a portion of the bill up to the deductible, similar to a typical insurance policy.
For many homeowners, especially those who are a first-time homebuyer and have limited budgets, a home warranty can be very useful. A home warranty can also be beneficial for those who plan to sell their homes and want to entice potential buyers with the promise of an affordable warranty that covers repair costs. However, it is important for those considering a home warranty to do their research and review the terms of the contract carefully to ensure it meets their coverage needs. Also, it is important to remember that a home warranty does not typically cover new systems or appliances, which are often still covered under the manufacturer’s warranty.
- Coverage For Natural And Man-Made Disasters
A home warranty provides financial protection for unexpected repairs or replacement of vital appliances and systems, as well as a sense of security for homeowners. It also allows for convenient and predictable budgeting by reducing the risk of costly out-of-pocket expenses.
Homeowner’s insurance is required by mortgage lenders and covers damage to a property caused by natural disasters or acts of God. However, a home warranty is designed as a complement to homeowner’s insurance and helps protect homeowners from the high cost of repairing or replacing broken appliances and home systems due to normal wear and tear.
Having a home warranty can be especially useful for new home buyers that don’t have a lot of money saved up for unexpected repair bills, and it is often included by sellers as an incentive to sell a home. Home warranties come with limitations and exclusions, so it is important to carefully read contracts describing standard and upgraded coverage before signing.
- Unlimited Service Calls
A home warranty gives you the peace of mind that comes with knowing that your major appliances and systems are covered in case something breaks down. This can be especially useful for new homeowners who are unfamiliar with their home systems and may not know any local repair technicians.
When you need a service call, the home warranty company will send out a contractor to address your issue. During this visit, they will diagnose the problem and determine if it is a covered item. If it is a covered item, they will then complete the necessary repairs or replacements.
Check out how many service calls are included in your home warranty plan and the annual cost to ensure that it is worth it for you. Also, be sure to look at the contract details carefully to see whether or not there are any hidden costs such as a trade service fee that you need to pay each time you submit a claim.
- 24/7 Customer Service
Home warranties provide peace of mind and financial stability for homeowners and buyers. With a home warranty plan, homeowners don’t have to worry about paying for expensive repair or replacement bills. It also provides a network of professional
service providers that homeowners can use when their systems or appliances break down.
However, it’s important to consider the pros and cons of getting a home warranty before making a decision. For example, home warranties may not cover things like clogged drains or improper maintenance. Also, some home warranty companies have poor customer service and take a long time to get back to customers with requests.
For these reasons, a home warranty is not right for everyone. If you are considering purchasing a home, talk to your real estate agent and do your research to decide whether or not a home warranty makes sense for you. Compare plan options, pricing details, service fees, and customer reviews to find the best home warranty company for you.