411homerepair.com

What is a Home Warranty?

by Seizar Kaelan on Apr 24, 2014

A home warranty is a special warranty that is applied to specific items in your home. While your homeowner's insurance policy is there to cover damage to your home from vandalism, fire, and natural disasters; a home warranty will kick in to cover very specific damages and breakdowns, such as issues with your electrical system, a burst pipe, or a malfunctioning air conditioner or a furnace - as well as most other major appliances in the home.

This is how a home warranty works: just as you would call your insurance company to file a claim if a tree were to fall across your roof; if your washer broke or your bathroom sprung a leak, you would call your home warranty company. They would then set you up with a service appointment with an approved provider. Once the problematic appliance is repaired or replaced, the homeowner pays only a small service fee - the presence of the home warranty covers the rest. 

Home warranties are generally priced about the same as your homeowner's insurance policy; and like your homeowner's insurance, a home warranty policy must be renewed every year. Some providers require full 1-time payment at the beginning of each year, while others offer installment plans. The total cost of a warranty policy is dependent upon the type of home being covered (apartment, single home, duplex, etc.), and maybe somewhat affected by the home's age, and will only be affected by its size if the home exceeds 5,000 square feet. Garages, whether attached or detached, are typically covered; but other structures, such as sheds and guest houses, would require separate coverage.

Should you purchase a home warranty for your home? Well, that depends on the number of major appliances you have in your home, their value, and what kind of warranty they have. If you move into a home that is already furnished with appliances of indeterminable age and/or condition, then a home warranty is a good idea. And even if you're bringing along your appliances, spending a few hundred dollars to cover several thousand dollars worth of property is never a bad idea.

Safety / Security 3714 Views

Latest Articles

Considerations for Immediate Roofing Maintenance

One of the best ways to keep your house safe from the weather is to get frequent roof inspections and properly maintain your roof. When your roof...

on Dec 1, 2022

Budget Home Makeover Tips

With the current state of the economy, many of us are tightening our belts and diverting our discretionary income elsewhere. But just because you...

on Oct 26, 2022

Real Estate Investment for the Next Generation

Investing in real estate is something that people have been doing for a long time. Most people invest in a home, so they can stay at the home. This...

on Oct 18, 2022

5 Ways to Update Your Kitchen

You finally did it! You bought your dream house, and you are ready to make the most of it. The only issue is your kitchen situation- the backsplash...

on Oct 15, 2022

6 Safety Tips That Are a Must During Construction

Infrastructure is a vital part of an economy, which is why construction work is integral to any flourishing society. Despite its importance, it is...

on Oct 15, 2022

Sponsored Articles

Actions

More DIY Articles

Woodchucks/Groundhog Prevention

Groundhog day may have passed unnoticed for some, but for homeowners and gardeners groundhog season is only just beginning. Groundhogs (woodchucks)...

Garden / Landscaping / Patio

Protecting Your Home By Extending Your Security System

Although most established neighborhoods have been equipped with basic home burglar alarm type of security for a few decades, it has only been in...

Safety / Security

3 Things to Consider Before Building a New Home

Building a new home is definitely an exciting experience, but it is also one of the biggest investments you will likely ever make. In order to...

Real Estate / Finance

Citrus Canker Disease

Citrus canker is a serious disease affecting most citrus plants. It has been spread throughout the world, most likely originating in Asia. The...

Garden / Landscaping / Patio

Grading Landscapes - Part 3

Healthy soil is not an inert, lifeless substance - it's full of microscopic life forms which are essential for the development of plant life....

Garden / Landscaping / Patio

Contact Us | Submit Article | 411homerepair © 2022