Don’t Buy A Home Warranty Until You Read This!

Sep 4, 2022

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What is a home warranty?

A home warranty is a service contract that helps protect homeowners against the high cost of unexpected repairs or replacements on their home’s major systems and appliances.

Warranties are offered by companies that specialize in home protection and typically cover items like your furnace, air conditioner, water heater, washer and dryer, oven, range, refrigerator, dishwasher, garbage disposal and built-in microwave. Some companies also offer plans that cover pools, spas, guest houses, septic systems and well pumps.

While a typical homeowner’s insurance policy will cover damage caused by fires, storms or burglaries, it typically won’t pay for the cost of repairs or replacements for things like your HVAC system or water heater. That’s where home warranties come in.

Why home warranties are important?

Home warranties are important for a number of reasons. First, it can help protect your home from unexpected repairs. second, it can give you peace of mind knowing that your home is covered in the event something goes wrong. third, it can save you money on repairs by covering the cost of parts and labor.

Most home warranties are purchased when you buy a new home or renew your existing policy each year. Some companies also offer coverage for renters.

Who needs a home warranty?

Home warranties are a service that covers the repair or replacement of home systems and appliances that break down over time.

Most homeowners policies don’t cover these types of things, so home warranties can fill in the gaps.

For example, if your refrigerator breaks down, home warranties would cover the cost of repairing or replacing it.

Home warranties are usually offered by home sellers as an incentive to buyers. But you don’t have to wait to buy a house to get one – you can purchase a stand-alone policy at any time.

There are many companies that offer home warranties, so it’s important to do your research before buying one. Make sure you understand what’s covered and what’s not, and read the fine print carefully.

How much does a home warranty cost?

The cost of a home warranty varies depending on the coverage and the provider, but typically ranges from $300 to $500 per year. Some providers offer monthly payment plans, which can make the cost more manageable.

For homeowners, a home warranty can be a valuable protection against unexpected repairs. But it’s important to understand what is and is not covered by a home warranty before you purchase one. For example, most home warranties do not cover damage caused by floods, earthquakes, or other natural disasters.

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What does a home warranty cover?

Most home warranties cover the major systems and appliances in your home. This can include your HVAC system, electrical system, plumbing, water heater, washer and dryer, oven, and dishwasher. Some home warranties will also cover your pool and spa.

Before you purchase any home warranties, it is important to understand what is and is not covered. Most home warranties have a list of exclusions, which can include pre-existing conditions, cosmetic damage, and normal wear-and-tear. Be sure to read the fine print before purchasing home warranties so that you know what is covered.

Home warranties can be a great way to protect yourself from expensive repairs down the road. But be sure to do your research before purchasing one so that you know what is covered.

How does a home warranty work?

Home warranties are insurance policies that cover the repair or replacement of major systems and appliances in your home.

To get coverage under Home warranties, you must first purchase the policy from an insurance company. Once you have the policy, you can contact the home warranty company to schedule repairs or replacements as needed. The company will then send a technician to your home to diagnose the problem and make the necessary repairs.

Home warranties can be a great way to protect yourself from expensive repairs, but it’s important to understand what is and is not covered under your policy.

Best Home Warranty Company

There are many home warranty companies to choose from, but not all plans are created equal. One of the best and cheapest home warranty companies is Choice Home Warranty. Choice Home Warranty plans typically cover:

  • Heating systems and ducts
  • Plumbing systems
  • Electrical systems
  • Water heaters
  • Kitchen appliances, including your oven, range, stove, cook top, dishwasher, and built-in microwave
  • Garbage disposal
  • Whirlpool bathtub
  • Plumbing stoppage
  • Garage door opener
  • Exhaust fans
  • Ceiling fans

If you would like deeper coverage, opt for a more complete plan. A Total Plan from Choice Home Warranty includes all of the above as well as your:

  • Air conditioning
  • Refrigerator
  • Clothes washer
  • Clothes dryer

You can adjust your plan to include more coverage. This lets you to build a plan that’s only what you need for your home. Some of the optional items you can cover include:

  • Pool and spa
  • Central vacuum system
  • Well pump
  • Roof leaks
  • Sump pump
  • Septic system and septic tank pumping
  • Second refrigerator or a stand-alone freezer

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Is a home warranty worth it?

So, is a home warranty worth it? The answer depends on several factors. First, consider the age of your home and appliances. If your home is new or your appliances are relatively new and under warranty, you may not need a home warranty.

Second, consider your budget. Home warranties costs an average of $500 per year. If you can’t afford to pay for repairs or replacements out-of-pocket, home warranties may be worth the investment.

Third, consider your DIY skills.