What is a home warranty anyway?
A home warranty is a 12-month service agreement whereby a company meets the expenses of repairs or replacement of broken home systems and appliances. As a homeowner, various items in your house are likely to break at one time or another. However, if it’s covered by this policy you don’t have to worry since the company will promptly send a technician to handle the matter on your behalf.
Getting your in-house items insured
A warranty only applies for cases where damage has been caused due to regular wear and tear, or standard usage. Generally, it will cover major components in your home such as the HVAC, water heaters, electrical and plumbing among other systems.
Depending on your policy it might also include regular appliances like washers, refrigerators, stoves and dryers. Moreover, some plans permit you to buy optional add-on coverage for your swimming pool, spa, pumps, second refrigerator and so on.
How does it work?
When your home appliance breaks down unexpectedly, you’ll need to call your home warranty firm so that they can arrange an appointment with a certified, pre-screened service provider in your local area. Upon arrival of the licensed technician, they will review the situation and your coverage, then recommend the appropriate course of action to mend your appliance.
You’ll need to then pay a service call charge of up to $125 dollars, based on the kind of policy that you have taken. The rest of the expenses will fully be met by the home-warranty company.
When do you buy a home warranty?
A warranty can be bought when you first purchase your home, or at whichever stage of your ownership. Sometimes, relocating and adapting to a new environment can be stressful for you and the family. Nonetheless, knowing that your home items are fully covered by a warranty can help alleviate some of the worry.
Most warranties last for one year and are renewable on an annual basis. Depending on your service provider and locality, the cost of this policy can run up to $75 a month for a cover that includes various appliances and home systems. You can also add coverage for additional larger units like pools and spas. Companies like American Home Guardian have different plans for different needs.
How to keep your backyard always fun
Statistics show that around 5.1 million or 4% of homes in America have a pool, though the percentage might be higher in warmer states. While a pool is ideally meant to be a place of relaxation, if it develops a major technical problem, then it can rapidly become a headache. Not only will you be required to arrange for repairs, but you may have to spend on a sudden bill that can shatter your home budget and upset your plans.
However, if you are protected by a warranty, the outcome will be completely different. The burden of sudden, expensive repairs shall be lifted off your shoulders.
Studies show that many tepid-weather American states, where pools are more common, have soil conditions that are prone to shifting. Which is why residences in these states usually have foundation issues, and the outdoor pool isn’t immune to such problems.
You will only need to pay a small service call fee for the warranty provider to locate a suitable repairman, schedule the visit and cover most of the costs. It won’t be long until you are back to relaxing in the pool that you’ve invested a lot in. If you own a pool, a home warranty will definitely make your life much simpler when things go bad.
Protect yourself financially in uncertain times
A home warranty insures that you are financially safe if something ever breaks in your house. Most homeowners are familiar with the unplanned expenses of broken systems, repairing them can be quite costly if you don’t have any warranty plan.
However, with this policy you can easily meet the costs of fixing or even replacing a major appliance that has been damaged.
Buying a warranty is entirely optional and is a sure way to protect stuff that you’ve spent your hard-earned cash on, there are different packages offered by companies depending on your budget and needs.
To conclude, you should consider getting a home warranty for your family in order to avoid the inconvenience of costly appliance/system repairs and replacement.