The Importance of Buying a Home WarrantyTerry Riffe | July 17, 2015
This is an agreement between a homeowner and a business that provides discounted costs on major home repairs.This is certainly not the same as home insurance, nor is it a replacement for it. Home insurance provides protection against major hazards like fire, flood, hail and theft. A home warranty on the other hand, provides insurance against unexpected home repairs. Purchasing a home warranty provides protection against unexpected, necessary repairs that may place great strain upon your finances.
Most warranty plans contain a basic components that provide coverage for certain home repairs. You can also purchase additional coverage by paying extra to the home warranty service provider. A typical home warranty covers repairs on major home appliances such as dryers, washers and refrigerators as well as the furnace, plumbing and electrical systems.
There are a variety of benefits by purchasing a home warranty. For a homeowner who doesn’t have an emergency fund, a home warranty may be the only protection against unforeseen repairs.
Perfect peace of mind ~ The foremost reason to buy one is that it provides a peace of mind against the peril of costly home repairs. You cannot predict when a costly home repair will arise. Many home repairs will arise. Many home repairs can take away a major chunk of your wallet or add a significant amount to your credit card. With a home warranty, you can rest easy knowing that the provider will take care of the problem in case of any unexpected repairs.
Avoid unforeseen, costly repair bills ~ Another great reason to purchase a home warranty is that it will protect your investment against unforeseen and costly repairs. Especially in older houses or with older appliances, essential repairs tend to occur out of the blue. Some of these repairs need to be dealt with instantly, to prevent further damage. With a warranty on your house, you just have to inform your service provider and they will instantly take care of all the repair work in your home.
Savings on house repair and maintenance cost ~ Finally,it allows you to save money in terms of reduced repair and maintenance cost. You do not need to spend on costly repairs, in case your HVAC system breaks down during the middle of winter or summer season. If you buy a home warranty, sometimes all you need to pay for is a service call fee and your home warranty service provider will take care of the rest.
I have found that a number of people are in the dark about home warranties. When something that is covered in the home warranty breaks down, you just have to call your provider and they will take care of the problem.
Still unsure if a one is right for you? If you have questions , email me An@orlandovacationrealty.com or give me a call 1 (407) 800-0888.