The main thing you’re getting with a home warranty is a peace of mind. The stress about buying a new home can certainly be overwhelming. It is, in all likelihood, the biggest investment of your life and you want to make sure everything goes as planned. However, you can’t always count that everything will be fine. It’s easier and smarter to make sure that, in case something unplanned happens, you are prepared to properly deal with it.
A home warranty guarantees to you that any necessary repairs or replacements of home systems and appliances will be covered financially meaning fewer surprises for your budget.
With a home warranty, you’re prepared for unexpected situations. Home systems and appliances have a frustrating tendency to break down and stop working. As that is not stressful enough on its own, now you have to pay a lot of money for repairs. Your budget will not always be prepared for that kind of surprises. That’s why you can be a bit calmer and feel a bit safer knowing that a home warranty protects you from that kind of stress.
A home warranty can help you only if everything was working properly when you first bought the house and if you have regularly maintained the systems and appliances since then.
Liberty Home Guard says that dust, dirt, and humidity are the main causes of appliance breakages, so if you live in a place that is particularly dusty or humid, you should pay special attention.
How does it work?
The process is fairly simple. As soon as you notice that some of your home systems or appliances have stopped working, you should contact the home warranty company. They will then call a provider that will then contact you. You should explain the problem to the provider and see if they can fix it. In case the problem can’t be fixed and replacement is needed, it’s up to the home warranty company to pay for the new appliance and its installment. You too, however, are expected to pay a small amount of money, around $100 for a trade service fee.
What does it cover?
The list of appliances and home systems that are covered by home warranty varies from company to company, but it also depends largely on the price of the warranty. However, the majority of warranties usually cover:
- Electrical systems
- HVAC System
- Major appliances
On the other hand, some items such as sprinklers, faucets, spa, and pools usually aren’t covered by a warranty. Neither are refrigerators, washers, and dryers unless you specifically requested the coverage.
Why you may be denied a payment
This is something that bothers a lot of people. Many are unsure whether or not they have the right to the payment and that can, in some situations, cause a lot of problems. Generally, there are several reasons why warranty companies can deny to give you the payment. Some of the main ones are:
- If you haven’t been maintaining the appliances properly
- If the condition of the appliance or home system was disclosed in a home inspection
- If the installation was done improperly