Warranties For Your Home: Everything You Need To Know

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. While home warranties are not required, they provide valuable protection for homeowners. People considering purchasing a home warranty should know a few things. This article will explain everything a homeowner need to know about home warranties, including what they cover, how much they cost, and how to find the best one.

What a Home Warranty Covers

People who want to know all about home warranties usually start by asking what they cover. A home warranty is different than homeowner’s insurance. Insurance covers threats like crime, hail, fire, and water damage. A home warranty provides repair and replacement on home components, though for specifics, customers should read the contracts carefully before purchasing. lets know all about home warranties.

Home appliances usually covered include the stove, dishwasher, microwave, washer, dryer, trash compactor, and refrigerator. If you’re looking for repairing your refrigerators, visit  https://toparpro.com/services/refrigerator-repair/. Electrical systems include the electrical lines and interior wires. Heating and cooling systems with all of their components are covered. The plumbing system with toilet, water heater, waste lines, shower valves, and drains are all covered. Finally, additional miscellaneous items like a doorbell, garage door opener, and exhaust fan may be covered with the right plan.

How Much Does It Cost?

The actual cost will vary depending on the company and the specific plan. Cost does not depend on the age or condition of the home. It usually does not depend on the size of the home, although some companies will charge more for a home greater than 5,000 square feet. Homeowners pay an annual premium, either upfront or in monthly installments. With each service request, the homeowner will also pay the service provider a trade call fee of $70-125.

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Benefits of a Home Warranty

A home warranty protects against unexpected, costly repairs. They are helpful for people who do not want to fix things or who do not want to find a service company every time something needs repairing.

Sellers often provide a home warranty to the buyer during the sale of a home. This provides peace of mind to the homebuyer. They can rest assured that their first year in a new home will not include expensive appliance and system repairs.

Drawbacks of Home Warranties

One problem with home warranties is that they do not cover improperly maintained items. This is a gray area, and often disagreements between homeowners and home warranty companies arise. Sometimes, the homeowner and the contractor disagree over how to properly fix a problem. The customer does not have the final say in these situations. Some homeowners are dissatisfied with the contractor assigned to the job but cannot request their preferred service providers.

When to Purchase a Home Warranty

There is always an option to purchase a home warranty. Many people who want to protect their home systems and appliances will purchase a home warranty. Sellers and buyers may feel peace of mind over buying a home warranty for the home’s sale. Owners of both new and old homes can benefit from a home warranty.

A home warranty is a must for any homeowner. It protects them from unexpected repair expenses and can save them money in the long run. When choosing a home warranty, read the fine print and understand what is covered. Homeowners can obtain a home warranty quote from a variety of companies.