Homeownership is a great joy as well as a great responsibility. There are many features of a home that are necessary to ensure the safety and comfort. Unfortunately, these features will break down from time to time, and the repairs can be quite expensive. Fortunately, there are home warranty plans available that can help homeowners keep their homes running without destroying their budgets.
How Does a Home Warranty Work?
A home warranty is a service contract that homeowners can purchase. This contract provides a convenient and cost-effective way to keep covered items running as they should. Homeowners pay a set fee or premium to maintain the policy. Often, these premiums are calculated yearly, but some companies allow monthly payments.
When a covered item breaks down or has a problem, the policyholder simply contacts the home warranty company. The home warranty company dispatches a local contractor to the home at a convenient time. Homeowners pay the set fee to the contractor and that is all. The contractor then inspects the unit and provides any necessary repairs at no further cost.
The most common home warranty plan is the Simply Kitchen plan. This plan provides coverage for the basic appliances of a home’s kitchen. These appliances include the refrigerator, stove/oven, dishwasher, and built-in microwave.
Just a simple refrigerator problem can cost homeowners anywhere between $300 and $500, with some plans being over $800. A kitchen home warranty plan, however, can be as low as $25 a month. Any repairs needed for these appliances are covered by the established service fee at the time of the service call. These plans can save homeowners significantly on the price of appliance repair.
When homeowners want more protection for their homes, they choose the Complete Home plan. This plan provides coverage for everything in the Simply Kitchen plan with the added benefit of providing coverage for the home’s major systems. These systems include the home’s heating and cooling, the plumbing, and the electrical system.
Homeowners know that they must provide proper maintenance for the systems of their home. Every year, the home’s furnace and air conditioning system must be properly cleaned and serviced to ensure it works properly throughout the year. Although this service prevents breakdowns, it does not eliminate them.
System repair in the home can be quite costly. Hundreds to even thousands of dollars can easily be spent repairing one of the main systems in the home. Fortunately, with a Complete Home plan, homeowners can save significantly on the cost of these repairs.
Additional Coverage Options
Not every home has the same needs. Although the Simply Kitchen and Complete Home plans offer coverage for the most common appliances and systems in a home, they may not cover everything individual homes contain.
Because different homes have different appliances and systems, homeowners can customize their home warranty plans to meet the needs of their particular homes. Some plans provide coverage for roofs and septic systems. Homeowners can add coverage for a washer/dryer set. There are even coverage options available for pools, spas, and wine refrigerators.
Not every home is the same, but every home can get the coverage needed to stay protected. A home warranty agent can help homeowners find the best coverage for their home’s needs.