Being a homeowner is hard work, as I’m sure you know seeing that you’re here reading this article. It’s true that this hard work pays off well because in the end you have a lovely home, but to keep it that way you need to put in constant effort. That’s why I’m always on the lookout for services that can help cut down this workload to give me more time to enjoy life with my family! The latest of my personal favorites among such services is a home warranty plan. Here’s why:How to Find a #HomeWarranty Company That Won’t Disappoint! Click To Tweet
The Struggles of a Homeowner
What’s the hardest thing about being a homeowner?
For me, it’s the enormous amount of work that goes into keeping the property in order. From maintenance to fixing whatever appliance or home system breaks down (which they all do no matter how well you take care of them). And the worst of it all is that you need to find and contact a dozen contractors and repair shops to get the issue fixed. Today the repair industry is so huge that you pretty much need a separate contractor for every little thing.
Moreover, the contractors are rarely interested in repairing what’s broken as it’s easier to replace the whole appliance or some major component in it. This means that these services are incredibly expensive!
Don’t forget that you’ll need to deal with all these service providers not only when something breaks down. To prevent the need for aforementioned expensive repairs, you’ll have to set up a mandatory maintenance schedule for every home system and appliance.
Of course, these maintenance tasks are fairly simple so you can be sorely tempted to add them to your list of DIY home projects. But it’s much like the matter of cleaning your home vs. hiring a professional cleaning company, meaning that you can do it yourself, but do you really have the time to spare on it?
How a Home Warranty Can Help Solve Some of Homeowner’s Problems
If you don’t have the aforementioned time, a home warranty might be the best solution for you. These plans aim to help you cut the costs of major repairs. They work similar to insurance in that you pay regular premiums and the company will cover a part or whole amount of the repair costs when the covered item breaks down.
But for me personally, the best thing is that these companies are your single point of contact for the majority of home repair issues. You only need to contact them and it’s the home warranty provider who will be dealing with all contractors. And the servicemen they send are sure to try and fix your problem at the lowest possible cost.
A home warranty is also a must-have if you are planning to sell your current home and buy another. It’s as important as saving up for a depositand can, in fact, help you with this because according to surveys, homes with warranties sell for $2,300 more on average.
Home Warranty & Home Insurance: They Are Not the Same!
Like hundreds of homeowners before you, me included, you might get a bit confused about home warranty and home insurance. They both offer the same thing, the protection of your home from emergency issues, right?
It’s true, but the important thing you need to understand is that home warranty and home insurance are very different. This means that the protections they offer are different as well. Most importantly, they aren’t mutually exclusive.
Being a smart homeowner, you should be looking for a home warranty plan that will complement your insurance, thus getting the maximum possible coverage. In this case, the insurance will cover damage to your entire home dealt by a variety of outside factors, from natural disasters to burglars.
In the meantime, your home warranty will cover the stuff you have inside your house in the case it breaks down from a variety of possible causes. This coverage will include anything from a burst pipe to a malfunctioning washing machine. The exact list depends on the plan you choose and those are extremely diverse. First American’s review, for example, shows us that its Premium Plan covers:
- Heating system
- Water dispenser
- Trash compactor
- Cooktop exhaust fan
- Ceiling fan
- Attic fans
- Plumbing (including plumbing stoppages)
- Water heater
- Garage door
There is also a Basic Plan with a much more modest coverage and a few appliances and systems you can add to the plan as optional, for example a pool and AC unit. This company has one of the highest BBB ratings in the industry and is generally lauded as reliable, according to various user reviews. Therefore, it’s the standard you can expect from the leading home warranty providers.
As you can see, the plan is rather inflexible, which is a common thing for home warranties. On the other hand, even if you don’t have some of these appliances yet, you might purchase them in the near future as those are basic necessities for a homeowner. And when that happens, you will already have a protection plan in place to cover these new additions to your home. I firmly believe that it’s always good to be prepared.
Tips for Choosing a Reliable Home Warranty Provider
If you look through various consumer review platforms like Yelp and Google Reviews, you’ll see that not all home warranty companies can be trusted. It’s no surprise because people who run them are trying to make as much money as possible. But some take that too far and downright scam their clients.
To avoid facing problems like this you should make sure that the home warranty company you want to buy a plan from is:
- At least a couple of decades old as scammers don’t survive for long in this business.
- Has a no less than “B” rating with the Better Business Bureau. Higher than that is unlikely because this industry is made up of customer complaints.
- Doesn’t have any major legal scandals associated with it. You can check that with ease through a simple Google search.
- Has reasonable contract and Terms and Conditions. Never pay for a plan without studying the fine print for loopholes.
And there, you’re done. Finding a reliable home warranty plan is rather easy as long as you do your research.
Do YOU have a home warranty plan on your home?
It is not always possible for me to respond to each blog post comment. However, I absolutely do read them all, and if you’d like to address something specific, or have a question for me, please don’t hesitate to email me at Kristen@theroadtodomestication.com. I will respond to your email as soon as possible! Thank you for visiting the blog!