What Is A Home Warranty And Why Do You Need One?
What is a home warranty? And why would a homeowner consider purchasing one? Well, depending on the age of your home, you may or may not need to make that purchase.
Home Warranty insurance is a policy that you can purchase to cover repairs on appliances in your home, as well as electrical and plumbing repairs. The older your home is, the more likely it is to have issues that will require service or part replacement, so it may not be a bad idea to at least look into purchasing a Home Warranty insurance policy. If you have bought your first home, you should look into getting some sort of coverage. New home owners are usually short on money after closing, and some repairs could end up costing thousands of dollars. Here we will take a look at how to choose the best Home Warranty Companies.
First off, note that there are many different kinds of coverage you can purchase, so it’s best to review a few different home warranty companies. Some home warranty insurance may only cover the furnace but not the outside air conditioning unit. You should also check online home warranty reviews and become familiar with the reputation of the home warranty companies. Most all websites for home warranty insurance will have customer testimony, so it is best to ready all of the home warranty reviews before making your decision. Once you have a list of the best home warranty companies, start compiling premium listings. Remember too that most will not cover appliances or other fixture defects if it is due to normal wear and tear. Pre-existing defects and/or deficiencies will also not be covered. A policy can end up saving you a lot of money, so consider your decision wisely.
Home Warranty Insurance
What is a home warranty?
Some homes already come with the plan. It will state right on the listing that this home is covered by home warranty insurance.
The owner of the home purchased a home warranty plan when they listed the house. The coverage starts immediately and the owner of the home enjoys coverage for many of the items in their home. When the home is sold the coverage is passed on to the new owner. They will often be covered for the next year.
If you have been wanting an answer to the question “what is home warranty” when you see it on the listing sheet, you will be happy to know that it is a great plan of protection for you. Money can be tight when you buy a new home and if something breaks that first year, you might not have the money to fix it.
The water heater is a perfect example. It is a big item to go out right after you move it. You may not have the extra cash for a new one. Just call the home warranty company and they will send someone out to look at it. This will be free of charge for you. If it can’t be fixed, you will be the happy owner of a new one. It is just that simple.
The best home warranty plans cover many items in the home. Home warranty companies are all different in what they offer. It is important to find a plan that meets your expectations. The dishwasher, garage disposal, heater and other systems can be covered for that first year.
If the home you are buying does not have a plan already in place, it is possible to buy the best home warrant plan for your new home. You can pay for it at closing and the plan will be up and running.
Now that you understand the answer to the question of “what is home warranty” you will want to sign up with one of the best home warranty companies that is available. You will have the needed peace of mind for that first year after you buy your home. It is a great option and one that should never be overlooked.