If in the last few years you have bought or sold a home, you have no doubt come across requests to consider a home warranty. If you’re like many buyers or current homeowners, you may have heard of this type of service for the first time.You can learn more at Warranty Center.
When I bought my current home six years ago, I remember my realtor handed me a brochure for one of the most popular home warranty companies, I couldn’t believe what I was reading was really true.
I mean, could it actually be possible to buy coverage for just a few hundred bucks that would cover breakdowns for anything from my air conditioner to my microwave refrigerator, and basically immune me from typical household repair bills for a whole year?
So I set out to uncover that. What I found was really surprising and I think it will help you decide whether or not a home warranty is something you’re going to want to consider.
I’ll also tell you in a second about a couple of resources where you can find information about what many people think is the best available home warranty service. It’s coming up at the end of this article, so stay tuned for that.
What Does Home Warranty
As I said before, there are many people who may not have been previously exposed to the concept of a home warranty. But that does not mean they ‘re a kind of exotic insurance policy. Far from it. In fact, every day home warranties are becoming increasingly popular with sellers and buyers alike opting for the peace of mind they can provide.
In essence, a home warranty works like this: you buy coverage for most of the major appliances and systems on which your home relies (i.e. plumbing, electrical, heating / cooling, etc.) and if something breaks down, you call the home warranty company, they call a repairman that they already have a relationship with, that repairman appears at your home and either fixes the problem or rearranges the problem.
Sounds like a lot, doesn’t it? In truth it can certainly be. The only caveat to all of this is that you need to read your policy carefully to know exactly what’s covered and what’s not covered.
You probably also don’t need a home warranty if you move into a brand-new house that will still be covered by a builder ‘s guarantee.
But for everyone else — in other words, for people who are buying an existing home — a home warranty can be a great way to avoid unexpected bills of repair, especially during the period when money may be tight, immediately after your home purchase.
A warranty also makes a lot of sense if most of your home’s appliances or systems are getting older and you anticipate that they might be nearing the end of their life cycle, or at least need some repairs within the next year.
Now let’s get to the important thing — how to find the best service for home warranty. The very first stop I ‘d make in your research is this video review page that covers home guarantee companies. It’s constantly being updated, and you’ll get links to reputable companies where you can find out more.