What to Expect from A Home Warranty?

Homeowners must find the best coverage for their home and vital installations. A home warranty can give them coverage that presents discounts on repair services, maintenance, and even new installations for their homes. The right plan eliminates a larger portion of these costs and makes it more affordable for the property owner.

A home warranty company can provide detailed information about each plan available to the homeowners. They can also find out what plans can be customized to meet all the homeowner’s needs. Homeowners can also compare the differences between the warranties and homeowner’s insurance.

You Can Transfer It to Your New Home

Homeowners who are relocating to a new property have the option to transfer their current home warranty to their new home.

The home warranty company will need specific details about the new property such as the square footage and a list of all installations the property owner wants to cover. They provide an estimate of the premium for the home warranty, and the homeowner makes decisions about the product. Property owners can get more information at 2-10 HBW about a home warranty for their new home.

You Can Include It in a Property Sale

When selling a home with an existing warranty, the property owner could transfer the home warranty to the new owner. The new owner will get all the same protection from the home warranty that the other property owner had.

It applies to the same installations and appliances listed in the contract. However, the new owner can make changes to the home warranty to meet their expectations and budget. They can add or remove items from the home warranty to tailor the home warranty to meet their own needs.

Maintenance Requirements for Specific Installations

All warranties detail maintenance tasks that must be completed each year. For example, HVAC services must be maintained according to the manufacturer’s warranty specifications, and if the specifications are not followed it will void the warranty.

The same conditions apply to a home warranty, and the homeowner must schedule the maintenance requirements according to the warranty, or the homeowner will not have coverage when they need it.

It Is Not Homeowner’s Insurance

Homeowner’s insurance provides coverage for the property under specific conditions. For example, if the property is damaged during a fire, the insurance pays to repair the fire damage or provide a new home for the homeowner. It is not the same as a home warranty. A home warranty doesn’t give the homeowner funds to replace an appliance that was lost during a covered event. It provides discounts for the purchase of a new appliance.

It will also provide discounts on repair services and maintenance tasks. The homeowner cannot get coverage that pays the entire cost of the repairs or replacement through the home warranty, but they could through the homeowner’s insurance policy.

They Do All The Work For You

The home warranty company does all the work for the homeowner. Whenever the homeowner needs repairs or a replacement, the home warranty company contacts a service provider for them and sets up the services. The home warranty company explains the costs to the homeowner, and the homeowner pays according to the discounts they receive through the home warranty.

After the service provider reviews the installation or appliance, the service provider offers a complete estimate to the homeowner and the home warranty company. With the estimate, the homeowner gets the assessment for the complete cost of the repairs or replacement services they need.

Coverage for All Appliances

The homeowner gets coverage for their appliances through the home warranty. When setting up the appliances on their plan, the home warranty company will need specific details about the items. The homeowner will need to provide details about any product warranty they have and what the terms of the warranties state.

The home warranty will require the homeowner to follow maintenance steps as listed in both warranties to maintain coverage. If the homeowner doesn’t maintain the appliance correctly, they could lose coverage for their appliances.

Coverage for Vital Installations

A home warranty covers vital installations throughout the home, and the homeowner will need to choose a plan that covers specific installations. For example, a home warranty can cover plumbing, electrical, and HVAC services. It could also cover a new structure built on the property such as a swimming pool or pool house.

When choosing a plan, the homeowner reviews each option for coverage. They may need to add several plans together and maximize their coverage for all vital installations. The home warranty company can provide them with details about customized plans that will give the homeowner the most coverage.

What To Do When You Need Coverage

When the homeowner needs help with repairs or replacement services, they just contact the home warranty company. The home warranty company screens service providers and determines if the companies are qualified to complete repairs, installations, and provide replacement services. The home warranty company will not recommend any service providers they have not screened for quality.

All arrangements for the appointments are managed by the home warranty company, and the homeowner will not have to spend hours trying to find someone who is qualified to complete the services. They won’t have to guess how much the services will cost since the home warranty company has an existing contract with the service providers.

The home warranty company can give the homeowner a price list for most services and allow them to choose the best price for their needs.

Homeowners choose a home warranty according to what installations and products they want to cover. The home warranty company gives the homeowner full details about all the plans the company offers, and the homeowner can choose an existing plan or customize a plan to meet their needs.

Homeowners can add installations such as their electrical, plumbing, and HVAC services to the warranty. A separate plan provides coverage for their appliances, too. A complete review of all the plans helps homeowners find the best choice for their homes.