Top 10 Reasons Why Home Warranties Are Essential

by Quality Spare Center shot blasting machine manufacturer

Repairing or replacing your systems and appliances is quite a costly affair nowadays. If you want to be frugal especially in these times of uncertainty, then buying a home warranty plan is a good idea. Not only do they help you save money, but they also guarantee you peace of mind, and if you are looking to sell your property, home warranties increase its value.

 

 But before listing out why home warranties are essential, you must understand a little more about them.

 

Home warranties cover your systems and appliances for a set period of time, at a nominal price. There are many home warranty companies in the market offering coverage at very competitive prices. It is up to to you choose the perfect plan, according to your needs.

 

To cut through the chase, you should read reviews about other people’s experiences with these companies. This will help you pinpoint the right company and plan for your home’s needs.

 

How Much Does a Home Warranty Cost?

Annually, home warranties cost you anywhere between $300-$600, depending on the company and plan you choose. Customers are also required to pay a service call fee when a technician comes to inspect a system or appliance in your home. This fee is between $50 - $100 depending on the company.

 

What Does a One Year Home Warranty Cover?

Annual home warranties cover systems and appliances such as your refrigerator, dishwasher, garbage disposals, water heaters, central vacuums, clothes dryers, built-in microwave ovens, trash compactors, garage door openers, etc.

 

Now Let’s Take a Closer Look at Why Home Warranties are Essential

No Need to Chase Technicians

Home warranty companies have huge contractor networks, so customers just need to call up the company which sends out a technician. Customers only need to pay a service call fee to the technician and the job is done.

 

But without a home warranty plan, you will need to find a technician yourself to take a look at your faulty devices. These technicians often charge huge amounts of money just to diagnose your systems and appliances, let alone the costs of repairing them.

Save on Hidden Expenses

Once customers sign up for a home warranty plan, they need not pay any extra amount during the course of their contract.  Buyers are only required to pay what is mentioned in a contract. 

Added Coverage

A lot of home warranty companies, offer additional coverage options at a very nominal fee. Swimming pools and spas are usually included in the company’s additional coverage plans.

A lot Of Options

Many home warranty companies offer different plans to cater to varying customer needs. Some plans offer basic coverage for household items and others offer comprehensive plans for enhanced coverage. Choose a plan wisely according to your needs.

 

Varied Types of Home Warranties

There are three different types of home warranties: Homeowners' home warranty, Homebuyers’ home warranty, and Sellers’ home warranty. As the name suggests each of these warranties serves a different purpose.

 

24/7 Flexibility

Customers need not worry about anything if they are protected by a home warranty plan. If an appliance or system breaks down, you can simply call up customer care and a technician will come over to resolve the issue.

 

Property Value Increases

If you have a home warranty, the value of your property increases automatically. You can negotiate with your potential customers for a higher value if you are renting out or selling your property.

Avoid Going into Debt

Issues like plumbing repairs or air conditioner breakdowns can be expensive. But if you buy a warranty plan that covers these items, you save thousands of dollars and avoid going into debt.

 

A Warranty May Be Free

Several sellers run offers gifting free warranty packages for a one-year duration. If you research thoroughly you may be lucky enough to stumble upon one of these killer deals.

 

You are Spoilt For Choice

There are several warranty companies in the market today, that offer different plans to suit your needs. Some of the top companies are American Home Shield, Choice Home Warranty, The Home Service Club, Select Home Warranty, etc.

Conclusion

Owning a home warranty has several advantages. Especially in these times of chaos and unpredictability, it is better to protect your home with a warranty just in case something breaks down all of a sudden and you have nowhere to go for help. But you should always read the fine print of your contract before signing up.

 

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Created on Apr 23rd 2020 05:49. Viewed 345 times.

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