Al Woods words
When you buy a home, you should take out home insurance to cover potential damage and other developments. Many people believe that home insurance covers all possible damage and needs for repair or replacement.
Unfortunately, they often end up disappointed when they find out that’s not the case. Having a home warranty can help bridge the gap, however. If you’re curious about home warranties, read on to find answers to some of the common questions about home warranties and their scope of coverage.
1) What is a home warranty?
A home warranty is essentially an additional line of defense against many of the expenses you might face as a homeowner. Home warranty companies provide coverage for most repairs and replacements that your home insurance won’t pay for.
2) How do home guarantees work?
You can buy a home warranty from a company that offers this type of coverage. Then when something goes wrong and your home insurance doesn’t cover, simply call the warranty provider for help. They will send repair technicians or other service providers to take care of the issues covered by the home warranty.
3) When should I buy a home warranty?
You can buy a home warranty at any time. In most cases, experts recommend buying a warranty as soon as you buy a home. This will ensure that you are covered from the start.
4) Does a home warranty cover household appliances?
Yes, home guarantees generally cover household appliances as long as you have followed the preventive maintenance needs of the device. Some devices do not have special maintenance needs. In such cases, the warranty must cover repairs or replacements.
5) Will a home warranty cover electronic devices?
Some home guarantees cover electronic repairs and replacements. In other cases, you may need to purchase a home warranty supplement to cover electronics. Much depends on the warranty provider and the types of coverage offered by the company.
6) Does a home warranty apply to the heating and air conditioning system?
Heating and air conditioning systems are covered by residential warranties in certain circumstances. Again, meeting preventative maintenance needs is important. Otherwise, the warranty may not pay for repairs or replacement of the system.
7) Will a home warranty cover everything outside the house?
Yes. Depending on the type of warranty and the add-ons you purchase, you may be covered for a pool, spa, shed, guest house, pool house, well, septic tank, and other structures on your property. that are not part of the house itself.
8) Do home warranties cover basement flooding?
Some residential warranties cover certain types of basement flooding. This type of coverage is available in addition to other guarantees. Either way, a home warranty can help offset the costs of basement flooding and all of the repair and remediation services it involves.
9) Will a residential warranty pay for repairs or replacement of the roof?
In general, residential warranties do not apply to damage or replacement of the roof. That being said, you may be able to purchase additional coverage for your roof to pay for damages that are not covered by your home insurance.
10) How much does a home warranty cost?
Residential warranty costs vary depending on the provider and type of coverage. Purchasing add-ons to extend your coverage will further increase the price of a residential warranty. Of course, it’s also important to understand how much you would pay for repairs and replacements if you didn’t have a warranty.
All things Considered
Home insurance is essential and can help reduce additional and unexpected expenses associated with home ownership. Still, it won’t cover everything that might happen. Having a home warranty gives you an extra layer of protection for things that are not covered by insurance. It will also give you extra peace of mind knowing that you are better prepared for almost any eventuality.