Send an authorized service provider to your home to diagnose and fix the problem. The home warranty offers discounted repair and replacement services for covered appliances and systems. In general, you don’t need to provide maintenance records or have an inspection done to buy coverage, and it doesn’t matter if your home is new or decades old. Let’s start with what home warranty coverage isn’t.
Home warranty coverage is not homeowners insurance that covers damage caused by covered incidents, such as storms, fires, and acts of vandalism. Even the best homeowners insurance companies won’t repair or replace appliances or systems that break down. That’s where the home warranty comes into play. This coverage also includes your pipes.
Home warranties cover all the systems in your home, such as central heating and air, your home’s electrical system and, yes, your plumbing system. Whenever it’s a covered fault, your home warranty can help pay for the repair or replacement of the system or appliance. Again, some companies offer separate service contracts for septic systems as additional coverage for an additional cost, or you can set up a service contract similar to a home warranty with a septic tank maintenance company. Homebuyers should know that a home warranty can cover items included in the sale, such as pipes, electrical systems, heating and cooling systems, major kitchen appliances, laundry appliances, garbage disposal, garbage disposal, doorbells, garage door openers, ceiling fans and central vacuums.
Generally, a full home warranty can cover the maintenance, repair, or replacement of essential appliances and systems in your home that are not directly related to the structure of the house. However, older homes are at greater risk of receiving large repair bills if an appliance or system breaks down because you have no idea when it was last replaced or if the job was done well. Newly built home warranties typically have coverage limits, such as 10 years for structural defects; two years for heating, ventilation and ventilation systems; one year for walls and paint; and six months for appliances. So what is home warranty coverage best for? A well-maintained home with old systems or appliances is a prime candidate for a home warranty, since the cost of repairing or replacing those items will easily exceed the cost of the policy.
Home guarantees are service plans that charge an annual premium to pay for service, repair and, if necessary, replacement of the systems and appliances listed in the policy. This is why you should read your service contract to understand exactly what it covers (and what doesn’t), along with the reasons why your home warranty requests may be denied. When deciding if the home warranty is worth paying for, consider how much it would cost to repair a system or replace one of your appliances. You should also remember that even the best home warranty companies have limits on how much money they will pay for repairs or for specific types of repairs, known as coverage limits.
You should also know that your home warranty may not cover repairs that your service contractors consider ineligible. You’ve discovered the frustration that many people feel with homeowners insurance: these policies cover the cost of repairing and replacing items damaged by sudden events, such as a broken pipe, but they don’t cover repairing the source of the problem. The HWA Home warranty protects you from the cost of repairing or replacing major mechanical systems and appliances that break down due to normal wear and tear during the coverage period.
