A home warranty is an important solution that can help you keep your home systems and appliances running and in good shape. A home warranty covers the cost of repairing and replacing damaged home systems in exchange for a warranty fee.
A home warranty is fundamentally different from a homeowner’s insurance policy. A home insurance policy is designed to provide financial protection to cover losses in the event of an accident, disaster, or damage to your home. A home insurance also provides financial protection for your liability—for any injuries and property damage to others caused by you or members of your family.
A home warranty is also different from a manufacturer warranty. With a manufacturer warranty, you could get a repair or replace for an item if it becomes damaged while still under warranty. The problem however is that the warranty often covers the cost of the part to the fix/replaced alone without covering the cost of the labor or installation. A home warranty however covers both the cost of the parts as well as the service charge for the repair and installation.
Here’s what a home warranty usually covers
In many instances, when home systems become faulty, it is usually time-consuming, expensive, and nerve wrecking for the home owner to take up the stressful task of fixing them. To start with, you’ll need to sift through tons of reviews and recommendation to find a technician that you can trust enough to come into your home to fix whatever was damaged. You’ll also need to think about how you’ll readjust your finances to make room for an unexpected expense of a broken washer. A home warranty eliminates most of the attendant stress of fixing damaged home systems; all you need to do is to place a call to your warranty provider and wait.
A standard home warranty typically covers the central home heating system, interior electrical systems, the plumbing system, garbage disposal system, plumbing faucets and fixtures, duct works, and permit modifications and code violations among others. You can also get appliance insurance as a part of a home warranty plan in order to get protection on items such as air conditioning, refrigerator and Icemaker, dishwasher, and ceiling fans among others.
Here’s what your home warranty might not cover
Home warranties typically cover the appliances and systems in your home. Nonetheless, it might interest you to know that it won’t necessary cover damages that are discovered during an home inspection. In addition, some home warranty companies won’t over damages caused by improper maintenance or intentional vandalism of systems and appliances.
Washers, dryers, and fridges are usually excluded from standard home warranty plans and you might need to purchase enhanced coverage to have them included your warranty. Most home warranty plans will cover the garage door opener, but many warranties won’t cover the garage door and garage track. You should double check to if you have concerns about your garage door.
Home warranties won’t cover structural imperfections or problems with your property. Hence, even though you might be able to get some respite on some problems with your windows; most problems associated with windows, doors, and walls will be better taken up with your home insurance.