When it comes to home warranties, there are a lot of questions that people have. Why do people get them? What are the benefits? How does the process work? And so on. In this blog post, we’ll answer all of those questions and more. So, if you’re wondering whether or not a home warranty is right for you, keep reading!
What Is A Home Warranty?
A home warranty is a service contract that helps to protect homeowners from unexpected repair and replacement costs. The warranty covers major systems and appliances in the home, such as the HVAC system, water heater, washer and dryer, oven, and so on. If something goes wrong with any of these covered items, the home warranty company will send a technician to fix it or replace it (if it can’t be fixed). Your house warranty cost will depend on the level of coverage you choose and the company you go with. For example, some companies offer “basic” coverage that only covers the major systems and appliances, while others offer “deluxe” or “premium” coverage that also includes things like the garage door opener, pool, and so on.
Why Do People Get Home Warranties?
There are a few reasons why people choose to get home warranties. First of all, it can give you peace of mind knowing that you won’t have to pay out of pocket for unexpected repairs. Secondly, it can save you money in the long run because you won’t have to pay for expensive repairs or replacements yourself. And thirdly, it can make selling your home easier because potential buyers will know that they’re getting a home that comes with a warranty. So, if you’re considering a home warranty, there are a few things to keep in mind.
Is A Home Warranty Worth It?
This is a question that can only be answered on a case-by-case basis. It depends on your circumstances. For example, if you’re someone who is handy and can do your repairs, then a home warranty might not be worth it for you. On the other hand, if you’re not handy and would rather leave repairs to the professionals, then a home warranty could end up saving you a lot of money in the long run. Ultimately, it’s up to you to decide whether or not a home warranty is right for you.
How Does The Process Work?
If you decide that you want to get a home warranty, the process is pretty simple. First, you’ll need to choose a home warranty company and coverage plan that meets your needs. Then, you’ll pay an annual or monthly fee for the coverage. And that’s it! If something goes wrong with a covered item in your home, simply call the home warranty company and they will send a technician to fix it or replace it.
Annual vs Monthly Fee
Most home warranty companies charge an annual fee for coverage. However, some companies also offer monthly payment plans. There is usually no difference in price between the two options, so it just comes down to personal preference.
What’s Covered?
As we mentioned earlier, home warranties typically cover major systems and appliances in the home. This can include the HVAC system, water heater, washer and dryer, oven, and so on. However, coverage will vary from company to company, so it’s important to read the fine print before you choose a plan.
- HVAC: In a home warranty, HVAC stands for heating, ventilation, and air conditioning. This includes the furnace, air conditioner, and any other ductwork in the home.
- Water Heater: When you have a home warranty, the water heater will be covered. This includes both the tank and the pilot light.
- Washer and Dryer: Most home warranties will cover your washer and dryer. However, some only cover one or the other.
- Oven: The oven is typically covered by a home warranty. This can include the range, stove, and any other built-in ovens in the home.
- Refrigerator: The refrigerator is usually covered by a home warranty. However, some companies exclude it from coverage.
- Dishwasher: The dishwasher is usually covered by a home warranty. However, some companies exclude it from coverage.
- Garbage Disposal: The garbage disposal is typically covered by a home warranty.Toilet: The toilet is usually covered by a home warranty. However, some companies exclude it from coverage.
Coverage can also vary based on the state you live in. For example, some states require home warranty companies to cover pools and spas. So, if you live in one of those states, be sure to check what’s included in your coverage.
What’s Not Covered?
Home warranties typically don’t cover items that are considered “wear and tear.” This can include things like light bulbs, faucets, and so on. Additionally, home warranties typically don’t cover damages caused by natural disasters or accidents. So, if your house floods or catches fire, don’t expect your home warranty to cover the damages.
Should You Also Get Insured?
A home warranty is not the same as homeowners insurance. Homeowners insurance covers damages to your home caused by natural disasters, accidents, and so on. A home warranty, on the other hand, covers repairs and replacements of major systems and appliances. So, if you’re thinking about getting a home warranty, you should also get insured. Insurance also typically covers things that home warranties don’t, like flood damage and theft.
As you can see, there are a few reasons why people choose to get home warranties. It can give you peace of mind knowing that you won’t have to pay out of pocket for unexpected repairs, and it can save you money in the long run because you won’t have to pay for expensive repairs or replacements yourself. So, if you’re considering a home warranty, there are a few things to keep in mind. Is a home warranty right for you? Only you can answer that question. And if you decide that a home warranty is something you need, the process is pretty simple. Just choose a home warranty company and coverage plan that meets your needs and pay an annual or monthly fee for the coverage.
