If your house is older than 10 years, you might want to consider purchasing a home warranty. Plumbing, electrical and HVAC systems may start to show wear and tear at this point and could break down any moment. A home warranty protects you against the financial strain of massive repairs in case you have to call in a professional to overhaul and upgrade your structural items.
Newly built homes with brand new appliances may be safe enough without the additional coverage. But if a home inspection shows that some parts of your dwelling are iffy or reaching their end of life, it may be wise to get a home warranty now.
What is home warranty coverage?
Unlike homeowner’s insurance policies that are limited to covering losses from a catastrophic event, home warranties cover major systems and appliances in your home that malfunction due to normal wear and tear. A home warranty policy may cover plumbing, heating and electrical failure as well as household appliances such as hot water heaters, refrigerators, stoves, dryers, garage door openers and dishwashers. If any of these things break down, your warranty will fix them.
Contractors who build homes will also usually offer free coverage for a certain amount of time. Some real estate agents offer warranties to home sellers in order to make their home more appealing to buyers.
The home warranty will give new homeowners peace of mind, since they know that all the major home systems and household appliances will be covered.
What to look for in a home warranty
Before you sign a contract, make sure that these 5 essential things are covered in the home warranty you are buying.
Plumbing — Plumbing problems are very expensive and difficult to fix yourself. It is best to leave your pipes, sinks, toilets and tubs to the experts.
Electrical — Electrical problems are complicated and very dangerous. It is safer and much easier to hire a professional to fix your wiring than to try to do it yourself.
Heating — Heating systems usually start to fail after about 10 years and repairing or replacing them can be quite costly.
Cooling — Air conditioning systems are difficult to troubleshoot and should be left to the pros.
Swimming Pools and Spas — Your spa and swimming pool help add to the value of your home so make sure that any problems are fixed quickly.
Purchasing a home warranty policy
Make sure you purchase home warranty policies only from reputable guarantee providers. Ask friends, neighbors and family members about their experiences with various companies. Realtors are probably the best source since agents want their customers to be satisfied and will likely only recommend the most ethical of the insurers. Read online reviews and find out what people are saying about the company and type of insurance you are considering.
Take into account the age of your home and your appliances before buying coverage. You never know when disaster could strike; it’s best to be prepared in case your home has some unexpected problems. It doesn’t matter if your home is brand new or 100 years old – warranty coverage will save you tons of money in the long run. Call Plumber Medford Oregon to help you with your home plumbing problems.