A home warranty plan is an insurance that provides coverage to homeowners against damages caused to their home appliances,
internal/external electrical systems, plumbing systems, heating/cooling systems, drainage systems, security systems, roofing, and pretty much anything else that a property needs to be a safe and comfortable home for its residents. If you are not sure about getting home warranty coverage, then taking a look through some of its key benefits might help.
Eliminates Unexpected Expenses Associated with Home Maintenance
To provide a more objective idea about how extensive home warranty cover plans can be, let’s take a look at the reviews on Select Home Warranty plans posted on Top10.Com. As we can see from the linked reviews, Select Home Warranty’s Platinum care Plan covers everything from washing machines, refrigerators, dishwashers, and ovens, to HVAC systems, plumbing, electricals, and even the garage door opener!
It’s particularly nice to see that Select Home Warranty is including free roof leak coverage, irrespective of the plan you choose. They even have an option for homeowners to add additional appliances/systems to their package, albeit at an extra cost per item. The bottom line is that a comprehensive home warranty plan like this can almost completely remove unexpected and inconvenient costs related to home appliances and system repairs from the equation.
Reduces the Total, Yearly Cost of Home Maintenance
Just one or two major appliance breakdowns per year can cost a lot more than even the most comprehensive home warranty plan. Therefore, you are not only eliminating surprise costs associated with unexpected appliance and system breakdowns but these plans are also designed to simultaneously lower your total home maintenance expense per year as well. However, you should make sure that there is no fine print that exempts your home warranty provider from paying for new, expensive parts.
Ensures Faster Resolution to Home Appliances and Systems Related Issues
There are two ways in which home warranty coverage helps in resolving issues much faster. Firstly, someone covered under a home warranty plan does not need to pay for repairing a broken-down appliance or system out of their pocket. As a result, the homeowner will be able to call for an immediate resolution, without having to calculate how much it would cost them to get the repairs done as quickly as possible. It has been found that people often put off their home appliance repairs to delay the expense by as much time as they can. Full coverage from home warranty plan providers naturally eliminates this issue by removing those pesky, unexpected expenses.
Quick access to appropriate service experts is the second benefit of home warranty plans that helps in fast problem resolving. Although different companies have different policies regarding this, most of the home warranty providers have connections with expert repair and maintenance professionals. These connections allow them to ensure that their customers are always taken care of as a priority, even during emergency situations. For example, if your home’s heating system stops working on a cold, January night, it’s mighty reassuring to be able to call your home warranty company and know that they will get it repaired at the earliest.
Home Warranty Plans Can be Used to Also Insure Parts of Your Home
Major home warranty companies provide partial property insurance coverage as well. The clogged pool in your backyard, the leaky roof up top, and even the septic tank can be insured as part of your home warranty package itself. Admittedly, additional inclusions generally cost extra, but considering how expensive a roof replacement could be, you will be glad that you had the leaks mended under insurance coverage when you did! Besides, the extras cost a lot less to include as part of your home warranty plan than they do with traditional home insurance policies. Save more by keeping your main home insurance policy as minimalistic as you can.
To sum it all up, the benefits of buying a home warranty plan are quite a few. The homeowner gains financially by saving money on repair costs and avoids unplanned expenses in the process. The coverage also has an impact that’s more than just financially helpful. It puts our mind at ease to know that there is a guaranteed way to take care of any home appliance or system related issue at the earliest. They are already paying for the coverage, so they do not need to worry about paying for the necessary repairs or even contact anyone else to get the actual repairs done.
Customer experience will vary, depending on where you are located, the appliance brand, who your home warranty provider is, what their policies are, which policy/plan you signed up for, and what’s covered under that specific plan. So, do a bit of homework and research your options a bit before signing a contract with the first home warranty provider that comes your way.