When it comes to protecting your biggest investment, a home warranty is a smart choice. A home warranty can help you avoid costly repairs down the road by providing coverage for damages that may occur.
But before you purchase one, there are five things you should keep in mind.
Read Also: Why You Need a Home Warranty
Not all home warranty companies are created equal. Some may charge more for their services than others, and that’s why it’s important to compare prices before you make a decision. When you compare the price of American Home Shield warranties to others on the market, you’ll see that their prices are competitive and make it easy for homeowners to budget for unexpected home repairs. Therefore, you want to make sure you’re getting a fair deal before you sign up for a home warranty.
Additionally, the price will depend on the coverage you choose. If you only need basic coverage, you can expect to pay less than if you opt for comprehensive coverage. Make sure to compare the prices of different coverage levels before making your final decision.
Understand Coverage Options
Different home warranties include different coverage options, so it’s important to fully understand what is and isn’t covered by each plan before you purchase one. Some plans only cover specific appliances or systems in your home, so if you have a lot of different appliances in your home, you’ll need to decide if it’s worth purchasing coverage for all of them.
Also, not all companies cover pre-existing conditions and repairs that were created without their authorization. So before you sign up for a home warranty, make sure you’re comfortable with the coverage options so that there are no surprises once you start using the plan.
On the other hand, many home warranty companies will let you customize your coverage to fit your specific needs. This means that you can add or remove coverage for certain appliances or systems as you see fit. This is a great option if you only need coverage for certain items in your home or if you want to save money by only purchasing coverage for the items that are most important to you.
Get a Detailed Quote Before You Buy One
You may feel pressured to sign up for a home warranty as soon as one of your appliances breaks down, but it’s important to take your time and get multiple quotes before you make a final decision. After all, if you go with the first option that comes along without doing your research, you may end up with a home warranty that doesn’t fully meet your needs.
Some home warranty companies will give you a detailed quote that includes the price of coverage and the items that are covered before you purchase the plan. This way, you can compare different plans and coverage options side-by-side to find the best one for your needs.
Find Out About Extras
Some home warranty companies offer different extras that make it easier to live with and use their services. For example, some companies will reimburse you for hotel stays or even food if your home is being repaired. Other companies may offer discounts on certain appliances and systems in your home, so it’s worth asking about these extras when you’re shopping around for a home warranty.
Some companies offer special features like 24/7 service and a spare-parts program, which can be very helpful when something goes wrong. So don’t just focus on the price, but also take the time to learn about all of the amazing extras offered by different home warranty companies before you make your decision.
Don’t Wait Until Something Breaks
One of the biggest mistakes you can make when it comes to home warranties is waiting until something goes wrong before you buy one. Instead, be proactive and get a home warranty as soon as you move into your new home. That way, if something does break in the future, you won’t have any surprises because most of the work will have been covered under your plan.
Most companies will require you to wait anywhere from 30 to 90 days before they’ll cover any repairs that are needed, so be sure to talk with them about what their specific process is and make sure you follow through on it.
If you’re planning to get a home warranty, there are some important things that you need to keep in mind. These include getting multiple quotes, finding out about any extras offered by different companies, and getting referrals from trusted sources. Additionally, it’s best not to wait until something breaks down before purchasing a home warranty, as this will ensure that you’re fully covered in the event of an unexpected repair.
These are just a few things to keep in mind when you’re planning to get a home warranty. By following these tips, you can be sure that you’re getting the best possible coverage for your needs.