As a homeowner, protecting your house and everything inside it should always be one of your top priorities. Still, sometimes it’s difficult to know the best way to do that, and what types of protection are worth investing in. Home warranties are one of the most popular ways to safeguard yourself against expensive repair and replacement costs associated with home systems and appliances. No one ever expects a sudden breakdown, but it’s always better to be prepared for one. If you’re unsure about home warranties and the benefits they provide, read on to learn more about why it makes sense for you to get one.
What is a home warranty?
It’s important to understand the differences between home warranties and homeowners insurance, as they cover different things and offer different benefits. Home insurance typically provides coverage and reimbursement in emergency situations, like natural disasters or in the case of theft or burglary. Home warranties, on the other hand, provide protection from the expenses associated with more day-to-day home issues, like appliance and home system repair and replacement. A home warranty works similarly to home insurance in that you pay a monthly premium in exchange for covered repairs. The only cost you’re still responsible for is a service fee, which is typically set by the type of plan you choose.
When searching for a home warranty company, make sure you look for reviews of companies that have experience in your area and that specifically service your location. For example, it’s a better idea to search specifically for “home warranty companies in GA” if you’re in Georgia than to scroll through pages of non-specific results for warranties that may not even be available where you live. Focus on companies that will provide a free quote and that have a track record of positive reviews and experiences.
How can a home warranty benefit you?
The most obvious way that a home warranty benefits you and your family is by eliminating the fear of being burdened with exorbitant repair costs when something in your home breaks down due to regular wear and tear. Covered systems and appliances typically include dishwashers, water heaters, washers and dryers, home security systems, refrigerator, and many, many more. A warranty also ensures that you can connect with a skilled technician quickly, and most companies provide a guarantee of prompt service.
The money you save can be used productively too. Whether you’re interested in adding hanging flowers and more greenery, or overhauling your entire kitchen, avoiding the high costs associated with repairing or replacing your appliances at home can give you the freedom to invest in other areas. A bill for a couple thousand dollars can derail your plans and your budget significantly. A warranty protects you from the unexpected and provides comfort in the knowledge that if anything goes wrong, you have a way to take care of it.
If you’re on the fence, it’s important to understand how much money you could be on the hook for if one of your home systems or appliances needs a repair or replacement. A home warranty plan offers an affordable monthly premium, which is likely to cost you less for an entire year than it would cost to replace something like your HVAC or security system. Anyone who likes to be prepared can appreciate that a home warranty provides a guaranteed solution for the pricey problems that can be caused by normal wear and tear. For homeowners who want to avoid unexpected expenses and have a little more peace of mind about maintaining their property, a home warranty is an ideal and affordable solution.