Owning a home is often stressful apart from being really costly. So, whenever you purchase a home, the first thing you want is to protect the property and the life within it. But often it is confusing to figure out the best way to do it. It is because, apart from the general insurance, there is the home warranty insurance coverage that you can consider. This type of insurance is beneficial for saving around thousands in the out of pocket repairing costs while increasing the value of your home in case you are planning to sell it. But while it comes to purchasing a home warranty, there are basically a number of questions that you need to ask.
What make home warranty insurance different?
The home warranty covers all the appliance repairs along with the electrical and plumbing issues that may take place. Besides, this type of warranty covers all types of appliances whether those need repair or replacement.
How much does the home warranty cover?
The cost of home warranty varies on a number of factors. First and foremost, it is necessary to know that the warranty providers are well aware that if an appliance is in use for a long, then this will eventually break down. Therefore, the homeowner will be offered a discounted rate on the home warranty in the first year. After that, the rate would increase every year. The cost of calling upon a service repairman is not included in the cost of warranty. Generally, the charge is fixed and a surcharge is charged for emergency visits.
What specific items are covered in the home warranty?
The coverage offered by home warranty insurance often varies from one company to another. Therefore, it is just impossible to get accurate answers of this question. All you have to do is to take note of all the specific things, which are covered along with the additional price tag that are applied to the larger items like as furnace or air conditioning. Besides, this list also includes things like plumbing, washer dryers, roof leaks and electrical systems.
How to make a claim with the home warranty insurance?
To make a claim it is necessary to maintain a written record of each correspondence with the home warranty provider and/or the service provider to whom the work would be sent. Also ask for a return receipt to maintain the records. Last but not least, don’t forget to collect the bill from the warranty company.