If you’re a home owner, you’ve probably heard the term ‘home warranty’. They’re designed to protect against costly, unforeseen repair bills and provide peace of mind for home owners.
Basically, a home warranty is a contract between a homeowner and a home warranty company that provides for discounted repair and replacement service on a home’s major components and appliances. This can include the furnace, air conditioning, plumbing and electrical system. Other things typically covered in a home warranty include ductwork, ceiling fans, telephone wiring, the water heater and even a pool.
When it comes to purchasing a home warranty, the good news is that they aren’t too costly. In fact, they generally run less than $750 with small deductibles. They’re’ there to protect your budget from covered system and appliance failures and save you the hassle and headache of finding a reputable contractor you can trust. This is especially helpful for people who aren’t too handy or for those who don’t want to worry about tracking down a contractor when they have a problem.
To get the most from the policy, a homeowner must make sure they have properly maintained the item or system in question. Perform routine maintenance like cleaning or changing filters in your systems and appliances. Check the manufacturer’s guidelines to see what types of maintenance are recommended and how frequently they should be performed.
Choosing a home warranty is a decision every home owner will or should make. Just like making a decision on an insurance policy, it’s important to evaluate the pros and cons before making a decision. Home warranties can provide valuable coverage and peace of mind; however they do not cover all system and appliance failures. It is important to read the coverage outlined in the contract.
Home Warranties Can Save You Stress and Money
These days, making the decision to purchase a new home can be much more stressful than it once was. There are countless factors and steps that need to be taken into account before you settle in. A major factor is around finances and how you, as a new homeowner, will make sure your home’s appliances are in check and that your home system components are maintained while avoiding needless spending.
That new kitchen or laundry room may seem like it will last forever; however, if 6 months down the line when your dishwasher breaks or your refrigerator is acting up, you may find yourself stressed—both mentally and financially. One way to relieve stress and protect against unexpected repairs is to ensure your home system components and appliances are backed by an appliance warranty. A homebuyers warranty or appliance warranty will cover replacement or repair costs and give you access to a network of service contractors.
Many homeowners do not realize that simple homeowners insurance does not cover the repair or replacement of all your major home appliances due to normal wear and tear. The manufacturer’s warranty that comes with the appliance also expires within a year or two, and if you purchase a home with aged appliances, this can be a major issue.
If you’re considering a home warranty, there are a few options. Find a home warranty company that lets you choose the appliances you want to cover. This can be helpful; if you choose fewer items, you reduce your premium.
A home warranty can not only help save you money down the road for when repairs might be needed, but can help relieve stress and provide you with reassurance. It’s your home and one of your biggest investments. You should make sure the home systems and appliances within it are taken care of.
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| Justin Lee Thayer 541 543 7287 |