5 Reasons to Get a Home Warranty for Your Washer and Dryer

Home warranty companies offer protection in the event that a system or appliance malfunctions. However, it’s important to understand that home warranties do not cover everything. You may ask yourself, How much are home warranty?” Check with your provider and make sure you understand your warranty you are paying for.

Read your contract and learn as much as possible. Also, routine maintenance and meticulous record keeping will go a long way in ensuring that your claims are approved.

1. Peace of Mind

Home warranties are designed to provide financial protection against expensive unforeseen repair costs and to give homeowners peace of mind. They do this by providing coverage for appliances that break down unexpectedly when used as directed and after typical wear and tear.

While home warranty plans do have some limitations, they can help to ensure that homeowners don’t get stuck paying for repairs out of pocket when their washer and dryer break down. However, it’s important for homeowners to understand the pros and cons of home warranties before deciding whether this type of plan is right for them. This includes understanding the difference between a home warranty and homeowners insurance. You should also consider the cost of a home warranty in terms of service call fees, deductibles and contract term.

2. Reliability

Home warranties can be useful for people who don’t have an emergency fund and want to save up money for unforeseen repairs. But it’s important to read through the warranty contract carefully and understand the limits of coverage.

For example, some providers will deny claims if the appliance or system is broken because of improper maintenance. So it’s important to make sure you keep up with regular cleaning and servicing for your washer and dryer to prevent future problems.

Ultimately, the decision to get a home warranty will come down to how much you value peace of mind. If you do choose to purchase a plan, it’s worth checking out the company’s customer reviews and ratings on Google, Yelp, TrustPilot, BBB, and more to find out how reputable they are.

3. Save Money

Home warranty contracts are meant to cover items that break down because of normal wear and tear. The home warranty company will send a service provider to assess the issue and then either repair or replace the item.

Many homeowners are happy to pay a small monthly fee in order to save on the cost of paying up front to repair or replace expensive appliances and systems.

Whether or not the home warranty is worth it for you will depend on your individual

circumstances. Be sure to read the contract’s fine print, as there may be some exceptions that would prevent you from claiming on a particular appliance or system. Also, home warranty companies often charge a service fee for each claim. These fees can add up quickly.

4. Convenience

A home warranty can be especially important for new homeowners who want financial protection against appliance problems that occur after typical wear and tear. It can also be helpful for current homeowners who are planning on selling their house in the future, as they can transfer the warranty to the buyer of the property for a nominal fee.

One downside to a home warranty is that the company usually chooses the repair contractor and can limit the type of appliances you can get replaced. It’s important to be aware of these limitations and review the service agreement before you sign up to make sure that a home warranty is right for you. Also, a home warranty is not a replacement for homeowner’s insurance. The two products have different purposes and should be viewed as separate items in your budget.

5. Insurance

Home warranties are a great way to cover unexpected appliance issues that could be expensive to repair or replace. However, it’s important to understand that a home warranty isn’t a replacement for proper maintenance and upkeep of appliances and systems.

Home warranty companies also often have limits on their coverage. For example, if an appliance or system has an active manufacturer’s warranty, that will take precedence over the home warranty. Also, damage due to lack of routine maintenance, improper installation or negligent use won’t be covered by most home warranty companies.

Despite the limitations, millions of homeowners believe that a home warranty is worth the investment. For the convenience and peace of mind it provides, it’s certainly something to consider.