A Comprehensive Guide to Different Home Warranty Plans

Every homeowner knows that at some point in time, an appliance or home system is going to break down. Unfortunately, these breakdowns often come at the worst possible time. In many situations, homeowners are unprepared for the cost of the repair or replacement of the appliance or system. Fortunately, a home warranty can help in these situations. 

What is a Home Warranty?

A home warranty is a service plan homeowners can purchase to provide protection for repairs or replacements of covered appliances or home systems. There are different home warranty plans available for purchase. Homeowners can choose the plan that provides the best coverage for their situation.

Unlike homeowner’s insurance which covers damages during unexpected events, a home warranty offers coverage for expected issues. Every appliance or system, even with the best care and maintenance, will break down or stop working. When this happens, a home warranty offers coverage.

Homeowners choose the plan they need and then pay a premium. This premium is a monthly or yearly price that provides coverage for the appliances or systems they have chosen. When a covered item breaks down, homeowners contact the home warranty company with the service issue.

The home warranty company will then provide a repair professional to come to the home. Typically, homeowners will pay the repair contractor the set fee agreed upon in their service contract. The home warranty covers any additional costs of the repair and service call. In addition, if the covered item is beyond repair, the home warranty will cover the cost of replacement, depending on the warranty limits.

Basic Kitchen Plan

Most home warranty companies offer a plan that covers the basic appliances of a kitchen. This plan will typically cover the range, oven, and refrigerator. It will also cover the home’s dishwasher and built-in microwave oven.

This plan is often an ideal option for new home buyers. After a home purchase, many new homeowners have limited funds to cover a breakdown of these important appliances. With a home warranty, they can protect themselves from the ever-increasing costs of appliance repair and avoid the potential of going without the needed appliance.

Home Systems Plan

Another important plan homeowners should consider is the home systems plan. These plans typically cover the major systems in the home, such as the heating and cooling systems, the electrical system, and the plumbing. Often, this plan can be conveniently bundled with a basic kitchen plan to provide better coverage for the home.

A home system is a great benefit to homeowners since it provides coverage for potentially expensive repairs in the home. However, homeowners must provide proper maintenance for these systems to ensure they are functioning properly throughout the year. A home warranty only covers issues due to normal wear and tear.

Additional Coverage Options

Not every home is the same. For this reason, there are a variety of coverage options homeowners can add to their home warranty policy. From washers/dryers to freezers, even spas and pools, can be covered with a home warranty plan. Some plans even offer coverage for a home’s roof.

Although home warranty plans are geared towards those selling or buying a home, any homeowner can purchase a plan to protect their home. In some cases, existing homeowners may have limited coverage for the first year. However, every following year will provide them with cost-saving coverage for the various aspects of their home.

About Andrew

Hey Folks! Myself Andrew Emerson I'm from Houston. I'm a blogger and writer who writes about Technology, Arts & Design, Gadgets, Movies, and Gaming etc. Hope you join me in this journey and make it a lot of fun.

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