Many homeowners are making the wise decision to cover their homes with a warranty that protects major systems. Homeowners who have never sought this coverage may be unaware of what to expect. By learning about the coverage offered by a home systems warranty, homeowners will feel more at ease making decisions.
What Does a Home Warranty Cover
Home warranties cover the major systems and appliances in a home, including the HVAC system, plumbing system, stoves, washer and dryer, refrigerator, and more. Home warranties and homeowner’s insurance policies are not the same. Homeowner’s insurance gives monetary relief in case of major home damages, while warranties cover only the systems and appliances named in the policy. Home warranties help ease the financial burden and stress homeowners feel when breakdowns occur.
How to Select a Home Warranty
Selecting a home warranty is essential for the protection of a home’s major appliances and systems. Choosing the right warranty is not always easy, especially if a homeowner has never pursued this type of coverage. The following offers insight into helping homeowners select the best warranty for their homes.
- First, homeowners need to know what is covered under the home warranty. Finding out what the home warranty’s service agreements cover will help homeowners avoid unexpected surprises that bring stress.
- It is also essential to understand the limits and exclusions. These are the areas that homeowners sometimes gloss over and then later learn their issue is not covered. Knowing what is excluded and the limitations will help homeowners ensure they get the coverage they need.
- Cost is something that cannot be ignored for a home warranty. It is essential homeowners do not choose a warranty based on cost alone, but making sure the policy will fit within their budget is vital.
- Ensuring the warranty company uses licensed and insured repair technicians is critical. Homeowners need peace of mind in knowing their home systems and appliances are in capable hands. If the home warranty company does not partner with the best technicians, homeowners should look elsewhere for their coverage needs.
Home Warranties Complement Homeowner’s Insurance Policies
It is essential homeowners consider adding a home warranty in addition to their homeowner’s insurance policy. Home warranties give added peace of mind and allow homeowners to receive the prompt service they need when a major appliance or home system breaks down.
Home warranties are reasonable in cost and can be paid by the month or in one yearly installment. Homeowners have the option to expand their coverage to other home items, including swimming pools, spas, and extra air conditioners.
Get Started Today
Homeowners interested in purchasing a home warranty need to learn about their options. With so many companies on the market, it can sometimes feel overwhelming to decide. With the tips above, homeowners will find it much easier to get the coverage they need without any hassles.
With a home warranty in place, homeowners will simply need to put in a claim, and they will receive prompt service. The low out-of-pocket costs make home warranties affordable for most homeowners.