If you’ve been thinking about purchasing a home warranty but aren’t certain what it will cover or that you need one at all then this post is for you! Keep reading to learn more about how a home warranty can help protect your most valuable asset-your home.
What Is Covered Under A Home Warranty?
The best benefit of having a home warranty is that it provides protection across your entire home’s systems and appliances, as long as they were installed by a licensed contractor*. Plus, if something goes wrong within the term of your contract, the company will pay labor and parts associated with repairs up to the amount indicated on your contract. Depending on your State, like for Arizona homeowners, you can also choose coverage for certain appliances or mechanical systems, like air conditioning/heat pumps, dishwashers, and garbage disposals.
If you have an appliance that was installed by a non-licensed contractor then it may not be covered under your home warranty contract. However, there are ways to ensure that even these items are protected. The best way is to keep all receipts from the appliance’s installation so that if something does go wrong with your warranty claim you can still support the claim request. Also, look into adding “replacement cost” to your warranty or ask the contractor who installed the item how much it would cost to replace that same appliance.
How Can You Purchase A Home Warranty?
To purchase a home warranty, you will need to contact your insurance company, real estate agent, or simply shop online. Most insurers offer home warranties for their customers as an added benefit so be sure to check with them first before shopping around. If you are purchasing through an insurer, they will likely include additional benefits or coverage options tailored specifically for you!
It’s important that you have your house thoroughly inspected by a professional prior to purchasing a warranty so that no defects or issues are missed! This way you can make sure that everything is covered, right from the start.
How Long Should You Purchase A Home Warranty?
Most home warranty companies recommend buying a plan that covers your home for one to two years. This will help you take advantage of the peace of mind and protection it offers at a price you can afford. Additionally, since costs change from year to year, locking in a rate before those prices increase may save you money!
Do All Homeowners Require A Contract?
No homeowners don’t often need a contract. Although most people think of home warranties as something “extra” that provides peace of mind and protection, many companies now offer their own brand of insurance for homes. These products are known as “home protection plans”. They offer similar coverage to a traditional home warranty, although these policies may require you to have all major appliances serviced on an annual basis in order to qualify for full service under the plan’s terms and conditions. However, if an item fails then the company will still cover any repairs up to the amount indicated on your policy, just like with traditional warranties!
If you’re looking for a product to cover your home’s systems and appliances against breakdowns or malfunctions, then a home warranty is the way to go. With these plans, the company pays repairs up to the amount indicated on your contract in return for regular service checkups each year. This provides great protection at a price you can afford-just be sure to carefully read over all of the details in your plan beforehand!
