Pointers to Consider in Choosing a Home Warranty Company

Dated: July 22 2021

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Pointers to Consider in Choosing a Home Warranty Company

Home warranties come in a variety of levels of coverage, but they are never a substitute for homeowners insurance. Rather, they go off when the items that are covered break due to normal wear and tear. Home warranties with higher levels of coverage also cover the replacement of covered items if repair is not possible.

Coverage limits

If repairs on a particular problematic item are often costly, be sure your plan has high coverage limits; otherwise, your home warranty may only cover a portion of the cost to fix it if it breaks down. Also, double-check that any unusual or specialty brands or types of appliances you own are included in the list of covered brands.

Option for replacement

It's worth noting that in some cases, the replacement option is only available as part of a more expensive package. If you suspect some of your belongings are nearing the end of their useful lives and will need to be replaced within the next year, make sure you purchase a home warranty that will cover the cost of replacement when the time comes.

Choice of coverage and the ability to upgrade it

For many people, this is the most crucial plan feature. Despite the fact that the usual list of protected things appears to be long, a deeper examination may find that your property only has half of the items. Inquire about potential upgrades such as preventive maintenance and greater coverage limits for big-ticket items in your plan when picking your own home warranty plan.

Service call charge and deductible costs

After their first few efforts to use a home warranty, many consumers who have repairmen or tradesmen in their personal network will complain. Look for a house warranty that only covers major systems and appliances, such as the water heater and plumbing, and leaves smaller repairs to your handyman. Also, consider paying a little higher annual membership cost to avoid or reduce call expenses.

Consider the age of the house you're buying, as well as the age of the major systems and appliances, and whether you're comfortable paying for repairs or fixing them yourself if something goes down. You may not be able to use a home warranty if your house is brand new. A home warranty can give beneficial protection as well as peace of mind if your home or appliances are older.

 

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Betsy Tinervin

Specialties: Buyer's Agent, Listing Agent, Relocation, Property Management, Investment Specialist, Muti-Family Investment Portfolios Military Relocation Specialist/Certified Betsy Tinervin is train....

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