One of the early purchases you might make as a homeowner is your home warranty. In fact, a home warranty is such a common helpful resource for homeowners that it’s often negotiated into a purchase contract which means you receive warranty coverage as soon as you close on your home.
A home warranty is a contract you enter with a warranty provider to gain repair coverage for your home. It’s a great alternative to needing to file an insurance claim if something, like the AC, goes out. A home warranty claim is a lot more cost effective for the homeowner (typically around $60 for the trip charge) compared to filing an insurance claim where you then have to pay a hefty deductible before you get your repair made.
If your home warranty wasn’t included with your home purchase, you can also pay for a home warranty on a monthly or annual basis. When a problem occurs with an appliance or one of your home systems, you’ll give your provider a call to file a claim. With a snap of your fingers, a service specialist will be there to diagnose the problem and provide applicable service. Since you’re already paying for your warranty, you generally won’t have to shell out any more cash in a problematic or emergency situation.
What Exactly Do Home Warranties Cover?
Home systems covered by warranty usually include electrical, heating (including your water heater), interior plumbing, ductwork, and in some cases more.
Major appliances covered by many warranties include air conditioning (which is usually optional), dishwasher, garage door/garage door opening system, garbage disposal, oven/stove, refrigerator, pool-related equipment, and more.
Home Warranty Benefits
Home warranty benefits include peace of mind knowing that you’re covered whenever a problem happens. Many homeowners worry about the functionality of their home systems and appliances, sort of like worrying about an automobile that is not covered by a warranty. Whenever a problem happens you will usually have to pay a hefty sum completely out of pocket. With home warranty coverage you can rest at ease.
A home warranty will also save you time. If you need to file a claim, all you have to do is contact your provider and they will make it simple and easy on you. If you have to go out of pocket for repair, you’ll spend more time comparing the prices and services of contractors.
Having a strong home warranty will help you stick to your budget and continue to build your savings. Without coverage, random problems might seem to come up right when you’ve put a little bit of money away, draining a huge amount of your savings in the process. With a home warranty, you can anticipate exactly how much you’ll spend on a monthly or yearly basis.
Contact Elise Fay Today
If you have questions about whether or not you should purchase a home warranty or questions about becoming a homeowner, Elise Fay Group can help.
With over $22 Million in sales, our team has developed a solid reputation as Top Real Estate Agents in the West Valley and Phoenix-Metro areas. We have unparalleled expertise in the current real estate market. We work with integrity, loyalty, and professionalism. Elise Fay Group aims to provide stellar customer experiences at every stage of the homeownership process, whether you’re buying, selling, or somewhere in between. Contact Elise Fay Group today to learn more about who we are, what we can do for you, and how we can help you achieve the living situation of your dreams.