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Realtimecampaign.com Asks: What Is a Home Warranty and How Does It Work?

Realtimecampaign.com Asks: What Is a Home Warranty and How Does It Work?

Most homeowners understand how important it is to have home insurance. They’ve heard of policies that protect against natural disasters, break-ins, vandalism, and other covered incidents. Unfortunately, these home insurance policies don’t pay for repairing problems that result from normal wear and tear. For that, homeowners need home warranties.

What Is a Home Warranty?

In simple terms, a home warranty is an official contract that covers repairs to and replacements of certain systems and appliances in a home for a predetermined period, usually one year. Home warranties normally cover all of a single-family home’s most critical systems and appliances, but according to realtimecampaign.com, coverages can vary substantially. Different plans offer varying levels of coverage, cap limits, and deductibles, so it’s important for homeowners to review contracts before signing on the dotted line. Homeowners can follow this link to learn about coverage options, upgrades, and more.

How Do Home Warranties Work?

Home warranties cover the cost of fixing or replacing certain appliances and home systems. Reputable companies like First American Home Warranty offer different plans and options to suit a multitude of needs. What Do Home Warranties Cover?

The exact coverage provided by a home warranty will vary by state and by what plan a homeowner chooses. At a minimum, a good home warranty plan will cover essential systems like the home’s electrical, plumbing, and HVAC system. Most homeowners also opt for add-on coverage that pays for repairs to and replacements of other appliances like refrigerators, built-in microwaves, and secondary appliances.

What about Homebuyer’s and Home Seller’s Warranties?

It’s common for sellers to take out transferrable home warranties to minimize post-sale stress and attract more buyers, but people can read this article, “Can You Buy a Home Warranty After Closing on a House?” The answer is a resounding yes. Homebuyer’s warranties are just as common and helpful as home sellers’ warranties. If the seller doesn’t have a transferable warranty plan, the buyer should seriously consider buying one when moving into a home.

Is a Home Warranty Worth the Money?

Some homeowners are hesitant to take out home warranties because doing so adds an extra monthly bill to their plates. Most change their tunes after researching the cost to replace major appliances. Without a warranty, homeowners will be on the hook for paying 100% of the costs associated with removing the old appliance or system and installing a new one. With a home warranty, they may have to pay a small trade call fee, but that’s it. If the appliance or system is covered, the replacement bill will be.

Find the Right Home Warranty Provider

There are plenty of companies out there that offer home warranty plans, but not all of them are created equal. Homeowners should take the time to perform due diligence before choosing which company to trust. When investigating options, pay attention to what appliances and systems will be covered, whether there are yearly caps that will apply, what the deductibles or trade fees will be when homeowners have to file claims, and how long it will take to get repairs done. A good home warranty company will have representatives available to answer questions before homeowners sign up for service.

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Company Name: Realtimecampaign.com
Contact Person: Media Relations
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Country: United States
Website: Realtimecampaign.com

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