By Admin, 1 year ago | Campers
If you are a homeowner, you are probably already familiar with homeowner’s insurance which enables you to protect your property from any damages that could occur due to natural disasters, potential theft, or any other accident. Although it is prudent to be prepared for such accidents, there are other things to keep in mind to maintain your house. Any house comes with its upkeep costs and certain types of damage as a result of wear and tear or even by accident. This is where a home warranty comes in handy. In this article, we will discuss the main benefits of getting a home warranty.
Most homeowners consider getting a home warranty when they purchase a new house. It differs from homeowner’s insurance that covers any accidents like fires, water leakage, or structural damage of any sort. The homeowner makes a contract with a warranty company that offers maintenance cost reductions and discounts for any items in the house that need to be repaired or replaced. You can also use this warranty to cover electronic appliances and even a hot tub or swimming pool if you have them installed in your house.
When something breaks down in your house, you should call the warranty company. This company is responsible for sending someone to your house to determine if the warranty covers the repairs. If the damage is covered by the warranty, the company fixes it for you in return for a small charge, which is a fraction of what you would pay without a warranty. The main fees you pay are the money you spend to buy the warranty in the beginning.
While some people don’t want to spend money on a home warranty’s premium, it helps you save a lot of money. Your home is a long-term investment that needs to be covered for maintenance costs just as much as from unpredictable damages that are covered by homeowner’s insurance. If you face an electrical or plumbing problem in your house, you could end up spending thousands of dollars compared to the costs of paying the warranty’s premium and small service fee.
If you don’t have an emergency fund for possible repairs or replacements around the house, consider getting a home warranty to cover any maintenance expenses. A home warranty is an essential must-have for homeowners who want to avoid going through the hassle of finding the right contractor when something malfunctions around the house. If you have many electronic appliances, you should get them covered by a home warranty to avoid hefty expenses to fix them.
You can find different packages with warranty companies to suit your needs. Not everyone wants to purchase an extended warranty if they don’t own a lot of appliances. You need to review all the warranty plans available by the service provider to avoid extra costs of coverage. Many warranty companies usually offer basic and complete packages. Each of these packages offers coverage depending on the size of your property, the appliances you have, and any other aspect in your house that would need repairing in the future.
When you purchase a home warranty, you will be given a choice to pay the annual fees at once or in installments, depending on the company. The cost of buying a home warranty depends on the type of package you choose, whether a basic or extensive plan, and your property’s type, whether it is a house, apartment, or condo, among others.
If the house is newly built, it may cost you a little extra to purchase a home warranty. The initial costs are not affected by how old or how big your property is as long as it is under 5000 square feet. If you have a pool house or a separate extension, you may need to pay for extra coverage. However, your home’s garage should be included in the warranty plan.
Each time you call a service provider to examine an issue in your house, you will be required to pay a small fee of up to $125 on average. If you have more than one problem which requires different people, you will have to pay for each of them. That being said, consider this a flat rate to fix any issue in your house. You will definitely need to repair or replace things around the house once in a while. If you try to fix it on your own, you will have to pay a lot more money to a home inspector first, who may not detect all the potential problems, which will eventually cost you more money. With a home warranty, you will pay just a small amount to fix an issue around the house.
If you don’t have a home warranty, you’ll need to handle repairs yourself. Let’s say you have a plumbing problem in the kitchen. You’ll have to call a trusted plumber who would fix your problem without charging you a ridiculous amount of money. This would require a ton of research to check reviews on a professional plumbing service, make an appointment, and then wait for them to come and fix your plumbing issue. This process can take a lot of time and hassle to fix only one issue. With a home warranty, all you need to do is call your service provider, and they will take care of the rest. It makes any repairs or maintenance a lot easier and hassle-free.
When you purchase a home warranty, make sure to do thorough research to choose a reputable company. The benefits of getting a home warranty outweigh the drawbacks of not being able to choose your contractor if you are not satisfied with the person the company sends or the brand of appliances that replace your old ones. This is why it is important to pick the right home warranty company to ensure your house is completely covered.