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Should you get a home warranty?
No one wants to think about something breaking down in their home, but the reality is that it can happen at any time. If you’re wondering whether or not you should get a home warranty, here are 10 important things to know.
What is a home warranty?
A home warranty is a service that covers the repair or replacement of home appliances and systems when they break down due to normal wear and tear.
Many home warranties also cover preventive maintenance, such as annual tune-ups for your furnace or air conditioner.
A house warranty can give you peace of mind knowing that if something goes wrong with your home, you won’t have to pay out of pocket for the repairs.
Home warranties are especially important for new homeowners, as they may not be familiar with the inner workings of their home and how to perform basic maintenance tasks.
A home warranty can save you time and money by taking care of repairs for you. Whether you’re a new homeowner or someone who has lived in their home for many years, a warranty on your home may be a good option.
Do you need a home warranty?
No you do not “need” a home warranty. However, while home warranties are not required by lenders, they may be required by sellers as a condition of sale.
How much does a home warranty cost?
The average home warranty costs between $300 and $600 per year, depending on the level of coverage. Some companies also offer additional coverage for items like pools, spas, and guest houses.
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Homeowners can purchase a warranty for their house as part of their home insurance policy, or they can purchase it separately. Most home warranty companies require a deductible be paid before repairs are covered, and some have a limit on the number of claims that can be filed per year.
How long does a home warranty last?
The length of the home warranty coverage period is typically one year, but some companies offer multi-year home warranty contracts. Homeowners can also renew their home warranty coverage each year.
How to get a home warranty
Many home buyers purchase a home warranty as part of their home purchase, but it is also possible to buy a home warranty after you have already purchased your home.
If you are interested in getting a home warranty, there are a few things you need to know.
First, you will need to choose a company that offers these type of warranties, like Choice Home Warranty. There are many companies that offer home warranties, so it is important to do some research to find the company that is right for you.
We recommend Choice Home Warranty! They offer Free quotes and great coverage. We have used them to replace a dryer and a dishwasher. Neither of which were cheap and I’m glad we didn’t have to come off that much out of our own pocket!
Once you have selected a company, you will need to select the coverage plan that best meets your needs. These warranty coverage plans typically cover major systems and appliances, but there are also plans that provide more comprehensive coverage.
After you have selected a home warranty company and coverage plan, you will need to pay an annual premium. The annual premium will vary depending on the home warranty company and coverage plan you select. In most cases, the premium can be paid in one lump sum or spread out over the course of the year.
Once you have purchased a warranty for your home, you can relax knowing that your home systems and appliances are covered in case of an unexpected repair or replacement.
How soon can you use a home warranty after purchase?
Most home warranties are effective for one year from the date of purchase. However, some home warranties have a waiting period before they go into effect.
For example, if you purchase a home warranty on September 1, it may not go into effect until October 1. This waiting period is designed to give the warranty company time to process your claim.
If you experience a problem with a covered item during the waiting period, you will need to pay for the repairs out of pocket.
Once the warranties’ coverage goes into effect, you can file a claim for any covered repairs. The home warranty company will then send a technician to your home to assess the problem and make the necessary repairs.
Can you buy a home warranty after closing?
While home warranties have traditionally been offered by home builders and sellers as a way to give buyers peace of mind, it is possible to purchase a home warranty after closing.
In fact, many home warranty companies will offer a discount if you buy within 30 days of closing. There are a few things to keep in mind if you’re considering buying a warranty for your home after closing.
- First, you’ll need to make sure that the home warranty covers pre-existing conditions.
- Second, you’ll want to read the fine print carefully to understand what’s included and what’s excluded.
- Finally, you’ll need to decide whether you want to purchase a warranty for your home with a deductible or without a deductible.
But if you do your homework, buying a home warranty after closing can be a great way to protect your investment.
Can you buy a home warranty after something breaks?
Unfortunately, most home warranty companies will not cover pre-existing conditions. So if that old water heater finally gives out, you’re probably going to have to foot the bill yourself.
However, there are a few home warranty companies that offer plans that will cover some pre-existing conditions.
How to get your home warranty to replace ac unit?
Let’s face it, dealing with a broken AC unit is about as much fun as getting a root canal. But if you have a home warranty, you can at least take solace in the fact that someone else will be footing the bill.
However, actually getting your home warranty to replace your AC unit can be its own special kind of nightmare. Here are a few tips to help you navigate the process:
☆ First, make sure that your house warranty actually covers AC units. Some home warranties only cover certain components, and AC units may not be included. If your home warranty does cover AC units, find out what the specific terms are. Some home warranties have a deductible, while others have a limited number of claims that you can make per year.
☆ Once you’ve ascertained that the warranty for your home will indeed cover the cost of a new AC unit, the next step is to contact the home warranty company and request service. Be prepared to provide detailed information about the problem, including when it started, what troubleshooting steps you’ve already taken, and so on. The warranty company will then send a technician to assess the situation.
☆ If the technician determines that your AC unit needs to be replaced, they will submit a claim to the home warranty company. The home warranty company will then contact you to schedule an installation appointment. In some cases, you may be responsible for paying a portion of the cost up front, but this will be reimbursed by the home warranty company once the job is completed.
Dealing with a broken AC unit is never fun. But if you have a home warranty, at least you know that someone else will be footing the bill.
Do home warranties cover roofs?
Home warranties typically do not cover roofs. This is because roofs are considered to be an external home component. Home warranties typically only cover internal components. Think of it as appliance insurance.
However, there are some home warranty companies that do offer coverage for roofs. It is always best to check with your home’s warranty provider to see what is covered under your policy.
So, is a home warranty worth it? Ultimately, that’s up to you. But we hope this article has armed you with the knowledge you need to make an informed decision. If you decide a warranty for your home is the right choice, get a free quote today from Choice Home Warranty and protect your biggest investment!
With all that said, Don’t Buy A Home Warranty Until You Read This!