Need Home Warranty Services?
A Complete Guide to A Home Warranty
If you’re a homeowner, having a home warranty is extremely beneficial. However, if you’re a bit hesitant to try because you don’t know much about it, then make sure to read this post until the end.
One of the most crucial and biggest assets that you have is perhaps your home. That’s why protecting it is very important. If you think that a homeowner’s insurance policy is enough well, you’re wrong. This kind of policy doesn’t provide protection for your valuable systems and belongings at home that may damage from normal tear and wear. Even though your home mechanical systems and appliances are backed with a manufacturer warranty, it’s only effective for a certain period of time. What’s more, it may not cover all the labor and parts.
Since you have a lot of valuable belongings that are not protected, you may want to invest in a home warranty.
Not familiar with this kind of warranty? If yes, then check out our guide to learn more.
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What Is A Home Warranty?
It refers to a yearly contract that will help you in covering the cost of repairing and replacing various systems and appliances in your home if they break and rendered ineffectual because of tear and wear.
A home warranty, on the other hand, has different levels of coverage. But it’s worth mentioning that it’s not used as a replacement for homeowner’s insurance policy. Instead, home warranties activate when covered stuff breaks because of wear and tear. Also, if you opt for a costly level of a home warranty, replacement is possible if repair is impossible.
- What Does It Cover?
The main role of a home warranty is to protect your home appliances and systems in your household as they become older. This warranty can help you save money if your furnace or water heater breaks down all of a sudden or your air conditioner isn’t working during the summer season.
If you’re wondering what home warranties cover, then here are the following:
- Heating System
- Air Conditioning Unit
- Plumbing System
- Water Heaters
- Interior Plumbing Strike
- Ceiling Fans
- Garbage Disposal
- Telephone Wiring
- Other Appliances
While such items are usually covered some policies may not include certain things unless you purchase premium packages or add coverage.
- What Is Not Covered?
There are items that are not covered under a home warranty such as:
- Fixture and cosmetic repairs like batteries and light bulbs.
- Damage caused by a disaster, water damage, and smoke damage removal caused by fire damage.
- Appliances that are not properly maintained
- Steam oven, solar panel, and alternative or premium household appliances and systems.
- Regular seasonal maintenance
- Structural components of your home
How Warranty: How Does It Work?
If you’ve decided to invest in a home warranty, you’ll need to pay for a yearly premium that usually ranges from hundreds of dollars to thousands, this will depend on the size of your home and the number of appliances and systems that you have.
Typically, a standard home warranty covers a home with an area of 5,000 square feet. So, if you have a bigger home, then you’ll need to pay more.
If something breaks down in your household because of the usual tear and wear and you won’t change it under the warranty, you’ll need to compensate for the deductibles. Keep in mind that the amount you’ll need to spend for the deductible will differ depending on your individual home warranty’s terms.
But the usual range is between $50 and $120. Once you’ve paid for the deductible, the provider where you obtained the home warranty will send a reliable service provider to replace the appliance or make the requested repair.
How Much Does A Home Warranty Cost?
Home warranties cost hundreds of dollars annually. You can pay the cost upfront or in installments. However, installments are only allowed if the company gives payment plans.
The cost of the plan will depend on the type of property (duplex, condominium, single-family detached, or townhouse) or whether you buy an extended or a basic plan.
Typically, the cost doesn’t differ with the age of the property, unless it’s a brand-new home that will increase the cost of the coverage.
In most cases, the square footage of your home doesn’t affect the cost, unless it’s over 5,000 square feet. On the other hand, a guest house and other separate structures aren’t covered by the standard policy. But if you want them to be covered, then you need to make an additional payment. However, your garage must be included as the standard feature of a home warranty.
Why Should You Get A Home Warranty?
If you’re a bit hesitant to invest in home warranties, keep on reading to learn more about the benefits you may reap when you consider them.
- Peace of Mind
If you invest in a home warranty you won’t be too frustrated about your appliances when it suddenly breaks. With that, you will be able to enjoy a stress and hassle-free life knowing that you don’t need to spend a considerable amount of money on the needed repairs in case something goes wrong.
- Adds Value
If you’re planning to sell your home in the forthcoming, a home warranty is actually an excellent advertising tool for prospective buyers. This will add a considerable amount of value to your home. What’s more, you as well as the buyer are completely protected from faulty or damaged systems and appliances. Meaning to say, as the original homeowner you wouldn’t have the burdens of having to spend a thousand dollars on the repair and maintenance. It’s because your warranty provider will fix almost all issues.
And as a buyer, you would not need to fight with the seller to repair things since you can engage with the warranty as well as stay protected for one year since the acquisition of the policy.
- Additional Protection
A home warranty complements the usual homeowner’s insurance policy. Typically, a homeowner’s policy will cover damage, unlike home warranties that cover most essential home appliances and systems that break down because of tear and wear. Typically, such problems are not covered by the homeowner’s insurance.
Even though you can opt to substitute home insurance, it’s actually compulsory to hold a home warranty to make sure that your appliances are protected.
- Save Energy and Time
If you are a busy person chances are you do not have time to do repairs on your own. And since there are many repair shops, choosing the best one can be very challenging.
One of the best things about home warranties is that the company will take good care of the work for you. The home warranty company is working with different licensed and professional technicians. As a matter of fact, some companies will allow you to call them for your requests. Though you can always send your request online.
After submitting your requests, the company will call the technician. The technician will then contact you and set a schedule to assess your faulty stuff. For convenience, everything is rationalized. Meaning to say, you don’t need to spend several hours reading hundreds of customer reviews just to find out the best and most reliable contractor.
- Save A Huge Money on Repairs
Another reason why you should invest in home warranties is that you’ll be able to save a huge amount of money on the repairs. For sure you know how costly repairs are. As a matter of fact, it doesn’t matter how you maintain your household, keep in mind that nothing will last forever. Your belongings will break and some repairs cost hundreds and even thousands of dollars.
Since you are the owner of the property, you are liable for such expenses. However, home warranties will protect your pocket and aid you to save on particular repairs.
If you have a limited budget for the home repairs, this warranty plan can surely help you. Actually, you can also benefit from it if you don’t want to spend all your emergency funds on repairs. If covered items break, all you need to do is call your warranty provider and they’ll send technicians to your pace and have your items checked and repaired. But if the items cannot be fixed, the home warranty will replace them.
Get Your Home Warranty With The Help of Local Services Helpline
By visiting LocalServicesHelpline.com you will be able to connect with many home warranty companies that already help a lot of homeowners. The companies that this website recommends are proven reliable and reputable. Not only that all the technicians that these companies will send to your home are knowledgeable, experienced, licensed, and insured.