Entering into a contract to buy a house is not a small commitment. When entering into a real estate transaction, buyers can utilize numerous tools to protect themselves. A home warranty is one way to ensure that you will not experience unexpected expenses from 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 the heating or cooling system stops working or the refrigerator begins making a funny noise, you can call to make a claim. The company will handle the situation, stepping in with a professional who will diagnose the problem and resolve the issue. The professionals who provide service under the terms of the home warranty will be pre-screened to ensure high-quality workmanship.
Protection from Expenses
Having a warranty in place will protect you from unexpected expenses. During the initial term of the contract, you can avoid typical expenses that accompany wear and tear on systems and appliances. Once the initial policy expires, you also have the option of renewing it to continue your coverage. In this way, you can insulate yourself from many of the service expenses associated with owning a home. Most policies do not institute service limitations. This means that you can receive repair or replacements for as many components as necessary.
Fast Claims Process
When you call for a claim, you can anticipate a fast turnaround for service. The insurance company will respond quickly with a qualified contractor who will visit to inspect the problem. Once diagnosed, the company will quickly perform 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 fast service.
Replacement
Appliances and systems wear out over time and with use. With a home warranty in place, if a covered appliance or system breaks down and needs to be replaced, the policy will cover the cost to replace and install 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 house, you can receive free assistance from the locksmith as a service of the contract. Check to see whether the contract stipulates a limit on the number of times per year you can call a locksmith.
Appliance Upgrades
If you opt to upgrade appliances before they wear out, your policy may provide you with significant discounts for your purchases. Check the terms of the contract to learn whether you can receive discounts on future appliance purchases.
Build Your Own Plan
Explore options for building a coverage plan that fits your unique needs. Many companies offer customization options, such as choosing which items are included in the plan and determining the desired level of coverage. This ensures that you don’t pay for coverage that you don’t need.
When you have a home warranty, you can relax after a home purchase knowing that you have coverage in place that will protect your budget from unexpected expenses and costly repairs.
