A home warranty service contract will allow you to have peace of mind and save you tons of money. It will basically cover the replacement and repair of your homes “moving parts” or home systems and major appliances. There are some things you should do prior to buying a warranty.
Before purchasing, you should estimate the level of coverage your home will need. You don’t want to dish out too much money on coverage if your house is brand new because it’s highly unlikely certain things will break during that time period. However, if your home is more than 10 years old you should spend extra money to get additional coverage.
Research the Home Warranty Company
One of the biggest nuances with some companies is that they are really slow about replying to your claims and they take ages to come by to your home and conduct repairs. Some companies may even deny your claims and not come over to your house at all. If you are dealing with a bad company, it won’t be uncommon at all to have to convince their representative that your replacements and repairs are listed on your contract. This is why it’s so crucial to do some research and find a trusted company that is straightforward and fair. It’s important to find one with good customer service.
Make Sure Your House Needs a Home Warranty
One of the disadvantages to purchasing any type of insurance is that you may not end up using it. You may end up wasting hundreds of dollars every year on a home warranty that is never utilized to repair your home. In the end when you do use it, it may be for a small appliance that doesn’t cover all the costs in premiums you have paid. It’s important to take a look at your home and judge whether you need a warranty plan; if your home is in great shape then you might just be throwing away your money. Remember most homes that are 5 years or younger don’t usually have any major problems; however if your home is older than 10 years old you should probably look into buying a plan.
Compare Prices
Before you invest any of your money, you should compare the prices of the best companies. Find a reputable company that covers all your needs and falls into your price range.…