As a homeowner, you have a lot of decisions to make, all of which are done to protect your investment while keeping costs under control. Most property owners carry insurance due to mortgage lender requirements, or for greater reassurance. However, home warranty coverage is a great supplement to an insurance policy. Consider these benefits as you decide whether to buy a home warranty plan.
Are You Thinking of Buying a Home Warranty? Learn About Coverage
While a homeowner’s insurance policy covers damage from vandalism, fire, theft, and natural disasters, home warranties are focused on the maintenance of essential appliances and systems. If a covered item breaks down, the warranty makes replacement or repairs affordable—and prevents the long and difficult search for a reliable contractor.
If you’ve ever learned anything about a homeowners warranty, you know it will usually cover electrical wiring, HVAC systems, and plumbing, as well as dryers, washing machines, refrigerators, and other appliances. These aren’t normally covered under a homeowner’s insurance policy. Warranties vary in terms of coverage, so be sure to read the terms and conditions carefully.
Home Warranties Provide Versatile Protection
One of the biggest benefits of home warranties is the levels of coverage they offer. There’s a plan for every homeowner, need, and budget. For instance, if there aren’t many appliances in the house, a comprehensive plan might not make much sense. In these situations, a basic plan would likely cover most of the home’s systems and its few appliances. We’ll help you find the right plan for your home and your bank account.
Fixing Problems Without Overspending
No matter how well a home is maintained, issues will eventually arise. And, even if you’ve paid for a home inspection before buying, the inspector may miss a thing or two. Repairs can cost tens of thousands of dollars, but a home warranty plan may cover some of the cost.
Don’t let home repairs put a strain on your finances and put you into debt. Consider signing up for a home warranty plan, where you’ll only pay the amount listed in the contract. While these plans cost money upfront, they’re best considered an investment in your home’s safety and family’s future.
A Faster Sale When It’s Time to Move On
Finding the right home warranty makes a lot of sense, especially when it’s time to sell. When compared to properties that aren’t under warranty, covered homes sell faster and at higher prices than those without coverage. If a home’s vital systems and appliances are covered, it’s easier for buyers to sign with confidence.
Buying a home is, for most people, the investment of a lifetime—which means buyers don’t want to be derailed by unexpected breakdowns and costly repairs. A home warranty plan gives buyers valuable peace of mind, and in most cases, they’re willing to pay a premium for that benefit.
Get a Home Warranty for Protection Now and in the Future
Whether you’re moving into a newly built home or one that’s been on the market, a warranty plan provides important protection when you need it most. Count on the experts at 2-10 to recommend warranties that fit your needs and work for your family’s budget. Get more information from us online or call today to learn more.