“H” is for Home Warranty

In Homeowners by Doug Phelps

Your home is undoubtedly one of your most important investments. You probably want to protect it. A home warranty can help you to do just that. Learn more about what a home warranty is and how you might benefit from one.

What is a home warranty?

A home warranty is an annual service contract that covers the repair or replacement of different home appliances and systems that might break down over time. These appliances might include kitchen appliances, water heaters, plumbing, electrical, heating systems, and more. You will typically be charged a small service fee each time you make a service request.

Home warranties might also protect you from liability in the event that someone is accidentally injured on your property.

Do you need a home warranty?

You might be wondering if you even need a home warranty. That depends on several factors in your home. If you have an older home with older systems and where many of the appliances are outside of their manufacturers’ warranty, a home warranty can be a prudent investment and give you peace of mind in avoiding a big repair bill in the future.

How to get the most out of your home warranty

There are several things to consider in order to get the most out of your home warranty. First, you’ll have several plans to choose from. Have an idea of what systems in the house – like the furnace or air conditioning, electrical, plumbing, and appliances you would like to see covered before you begin shopping plans. This will help you find the perfect fit your needs. Contact me for referrals to the most reputable companies.

When you have selected a possible plan, make sure you understand all the fine print. You want to know exactly what’s covered in your new home warranty. Also, be sure to inquire if the plan has a period of time after signing up where repairs aren’t covered. This really matters if you have appliance that are already broken or breaking down.

Be sure to read customer reviews as well, to make sure you are getting a plan that will actually benefit you and your home.