What Exactly Does a Home Warranty Cover? Here's Some Advice

Appliances, old and new, can malfunction. Buying a new one or getting it fixed will cost you time and money that can easily be saved if you have a home warranty. A home warranty is basically a contract that covers repairs on major home systems and appliances. So for instance, if your refrigerator breaks, it can easily and cheaply be repaired or replaced under a home warranty coverage. To learn more about what a home warranty covers and why it is necessary to get one, read on.

What Is a Home Warranty?

First of all, you should know that a home warranty is different from home insurance. Home insurance usually covers the house’s structure in case of any damages as a result of a fire or any natural disaster. On the other hand, a home warranty is an annual service contract that covers all of your home’s appliances and systems. Purchasing a home warranty is easy since there are many companies out there that are willing to provide you with the services that you need. If any of your appliances malfunction, all you will need to do is call the company and they will send you a contractor to determine if it needs repairing or replacement. Having home insurance with Emerald Life reduces this burden and worry drastically. You will only have to pay a service fee. You can purchase a home warranty at any time, however, most people choose to purchase one when buying a new house. 

What Does a Home Warranty Cover?

Home warranty companies’ coverage plans may vary but they usually cover most of the necessary appliances and systems. Some companies offer plans that cover either systems or appliances, while there are providers that offer plans that cover both. The major systems that are usually covered by home warranty providers include heating system, plumbing system, electrical system, the cooling system which includes air conditioning, smoke detectors, water heater, and doorbells. The appliances that are usually covered by providers include refrigerators, washing machines, dishwashers, ovens, microwaves, dryers, garbage disposals, dispensers, instant hot water, ceiling fans, and trash compactors. You will also find many providers that offer optional add-ons that include swimming pool equipment, well pump, roof leaks, pest control, and guest units. That said, you will need to discuss each plan first with the service provider so you can choose the right one for your house.

Should You Get a Home Warranty?

A home warranty is an investment. It will protect your finances since you won’t have to pay as much to repair or replace any of your expensive appliances. Additionally, if you are selling your house, a home warranty will be very beneficial in case any of your appliances or systems break before you make a sale. New homeowners will also benefit from purchasing a home warranty that will protect the new house’s appliances and systems as well.

A home warranty will provide you with financial security just like home insurance since it also protects your investments. You won’t have to worry if any of your appliances malfunction, all you will need to do is make a phone call, and the company will send someone to take care of everything for you. It is a small price to pay for your comfort and peace of mind.