Entering into a contract to buy a home is no small commitment. When making a real estate transaction, buyers can use numerous tools to protect themselves. A home warranty is a way to ensure that you won’t experience unexpected costs for repairs to your residence.
Reliable Repairs
When something goes wrong with an appliance or system covered by a home warranty, you can simply call the insurance provider to schedule repair service. For example, if your heating or air conditioning system stops working or your refrigerator starts making a strange noise, you can call to file a claim. The company will handle the situation, intervening with a professional who will diagnose the problem and solve it. Professionals providing service under the terms of the home warranty will be pre-screened to ensure high-quality workmanship.
expense protection
Having a warranty will protect you from unexpected expenses. During the initial contract term, you can avoid the typical expenses that come with wear and tear on systems and appliances. Once the initial policy expires, you also have the option to renew it to continue your coverage. In this way, you can insulate yourself from many of the utility costs associated with owning a home. Most policies do not institute service limitations. This means you can get repairs or replacements for as many components as needed.
Fast Claims Process
When you call about a claim, you can expect a quick response time for service. The insurance company will respond quickly with a qualified contractor visiting you to inspect the problem. Once diagnosed, the company will quickly carry out the repair or replacement. If a contractor is not available within a specified time period, most companies will allow you to use a different contractor outside of their approved network to ensure prompt service.
Replacement
Devices and systems wear out with time and use. With a current home warranty, if a covered appliance or system breaks down and needs to be replaced, the policy will cover the cost of replacing and installing the new system or appliance.
locksmith services
Many policies also offer locksmith services to policyholders. With this service, if you lock yourself out of your home, you can receive free assistance from the locksmith as a contract service. Check to see if the contract stipulates a limit on the number of times a year you can call a locksmith.
appliance upgrades
If you choose to upgrade appliances before they wear out, your policy can give you significant discounts on your purchases. Check the contract terms to see if you can receive discounts on future appliance purchases.
Create your own plan
Explore the options to create a coverage plan that fits your unique needs. Many companies offer customization options, such as choosing what items are included in the plan and determining the level of coverage desired. This ensures that you don’t pay for coverage you don’t need.
When you have a home warranty, you can relax after your home purchase knowing you have coverage that will protect your budget from unexpected expenses and costly repairs.
