Home Warranty Plans: Are They Necessary?
Filed under: Home Tips
When it comes to the topic of home warranty plans, many questions come up from homeowners. Many people love the idea of having a warranty on their home. But, they don’t understand how these policies work. Should you use a home warranty? When can you sign up for the service? Here are a few answers to help you decide if this service is right for your needs:
When to Sign Up for a Home Warranty
It makes sense that you can get a home warranty when you are buying a home. New buyers like this option to cover any unexpected repairs or problems with the home after they move in. Most plans have about a $65 trade fee (or deductible), and the one-year premium usually costs about $425.
If you have owned a home for a while, then it doesn’t mean that you are out of luck with a home warranty option. You can still get a one-year policy at any time.
Why Would You Want a Home Warranty Policy?
This plan covers the systems of the home, such as the electrical, plumbing, as well as the heating and air conditioning systems in some policies. These policies are designed to cover unexpected emergencies. On the other hand, the warranty often doesn’t cover other issues, such as roof repairs. So, make sure to read the policy before deciding if it is a good fit for your family.
The biggest benefit to having a home warranty is that it can save you thousands of dollars if something goes wrong. For example, if you move into a home and then discover major plumbing issues in the property, then there is a good chance that the warranty will cover the repair costs.
Do You Need a Home Warranty?
Whether you are preparing to buy a home or you are thinking about a home warranty for your current home, I’m happy to answer your questions and help you find the best plan. Feel free to contact me anytime for information regarding real estate or home ownership. You can call or send me an email; I would love to help: (951) 473-0390 or [email protected]