There’s no doubt that owning a home and keeping it looking nice can be a significant investment. More than likely, you will not pay more for anything than you will for a home. Aside from making monthly payments, you can expect to pay for maintenance costs and to replace items when they are no longer working properly.
If you are not prepared, having to fix an appliance or getting a new one can be a tremendous burden. A warranty can eliminate these worries by protecting you and your finances. If you are trying to decide whether a home warranty is right for you, learn everything you can about the coverage and evaluate your situation.
Having a warranty may not be for everyone, but it can make a lot of sense. If you are ready to get this coverage, there are many options you can think about.
Home Warranty Vs. Homeowners Insurance
Even top-of-the-line home systems and appliances are going to experience problems. You don’t know when repair needs will arise, but they will. When this occurs, it’s nice when you can rely on protection to take care of you financially.
A home warranty is different from homeowners insurance, which you may think of first during a time of urgent need. Insurance will cover your losses to household items from a disaster or catastrophe. Your plan will get the items back in good working order or replace them if necessary. A warranty will handle repairs or replacement when your appliances or systems succumb to wear and tear or stop working suddenly.
In a home warranty, you pay a monthly or annual fee in exchange for service on something that no longer works well. You can expect to pay around $500 a year for your plan. This annual coverage is renewable at any time.
Covers a Wide Variety of Conveniences
A home warranty will cover kitchen appliances, such as your fridge, oven and stove, built-in microwave dishwasher, and garbage disposal. It will take care of your washer and dryer, water heater, and heater and air conditioning units. The plan will replace or fix the electrical, HVAC, and plumbing systems, too. It also includes protection for the roof, sprinkling system, and swimming pool.
As long as you have not improperly installed or used these items, you can expect to have coverage. Other limitations include a lack of protection when you deliberately break something. There is also a cap for how much the warranty will cover for a particular item per service call.
Keeps You From Having to Fix or Replace Appliances and Systems
Even if you’re the handy type and have skill in fixing items around your house, you may not have the time to spend getting your conveniences up and running again. If you don’t have the know-how to take on repair issues, a home warranty can be an even bigger blessing to rely on.
You don’t have to worry about the stress and frustrations of contending with problems with your appliances or systems. When one of these wears out, call the warranty company. A technician will come to your home to make a diagnosis. After discovering what the problem is, the technician will handle everything else from there.
When you have a warranty, you have more time to devote to other responsibilities. You can have confidence that the service professional has the skill and experience to handle even the most challenging problems.
A Big Relief for Your Budget
Perhaps most significantly, a home warranty can save you money during a stressful time. You only have to pay the cost of the plan and the service call fee. Contrast this with what you would owe if you didn’t have a warranty. Fixing and replacing systems and appliances can throw your budget upside-down.
If you are going through a difficult financial time, it may not be possible to pay for expensive repairs. A warranty makes this a much less challenging situation. The cost to replace or repair items in your home can reach hundreds or even thousands of dollars. Many homeowners would struggle to come up with the necessary cash to take care of these needs. Evaluate how much you can save with a home warranty, and it makes sense to purchase one.
Gives You a Brand-new Appliance
Taking advantage of a warranty puts a new appliance or system back in your home. This starts the clock over on the life span of this item. You can have peace of mind knowing that something will now last for several more years.
Don’t pass up the chance to buy a home warranty. It’s easy to see that this plan offers benefits that will eliminate stress and anxiety in your life. From saving you money to giving you back your time, you can enjoy what this coverage provides.