How a Home Warranty Benefits Buyers

Entering into a contract to buy a house is not a small commitment. When entering into a real estate transaction, buyers can utilize numerous tools to protect themselves. A home warranty is one way to ensure that you will not experience unexpected expenses from repairs to your residence.
Reliable Repairs

When something goes wrong with an appliance or system covered by a home warranty, you can simply call the insurance provider to schedule repair service. For example, if the heating or cooling system stops working or the refrigerator begins making a funny noise, you can call to make a claim. The company will handle the situation, stepping in with a professional who will diagnose the problem and resolve the issue. The professionals who provide service under the terms of the home warranty will be pre-screened to ensure high-quality workmanship.

Protection from Expenses

Having a warranty in place will protect you from unexpected expenses. During the initial term of the contract, you can avoid typical expenses that accompany wear and tear on systems and appliances. Once the initial policy expires, you also have the option of renewing it to continue your coverage. In this way, you can insulate yourself from many of the service expenses associated with owning a home. Most policies do not institute service limitations. This means that you can receive repair or replacements for as many components as necessary.

Fast Claims Process

When you call for a claim, you can anticipate a fast turnaround for service. The insurance company will respond quickly with a qualified contractor who will visit to inspect the problem. Once diagnosed, the company will quickly perform the repair or replacement. If a contractor is not available within a specified time period, most companies will allow you to use a different contractor outside of their approved network to ensure fast service.

Replacement

Appliances and systems wear out over time and with use. With a home warranty in place, if a covered appliance or system breaks down and needs to be replaced, the policy will cover the cost to replace and install the new system or appliance.

Locksmith Services

Many policies also offer locksmith services to policyholders. With this service, if you lock yourself out of your house, you can receive free assistance from the locksmith as a service of the contract. Check to see whether the contract stipulates a limit on the number of times per year you can call a locksmith.

Appliance Upgrades

If you opt to upgrade appliances before they wear out, your policy may provide you with significant discounts for your purchases. Check the terms of the contract to learn whether you can receive discounts on future appliance purchases.

Build Your Own Plan

Explore options for building a coverage plan that fits your unique needs. Many companies offer customization options, such as choosing which items are included in the plan and determining the desired level of coverage. This ensures that you don’t pay for coverage that you don’t need.

When you have a home warranty, you can relax after a home purchase knowing that you have coverage in place that will protect your budget from unexpected expenses and costly repairs.

Getting Insurance Quotes That Fit Your Needs

You can hardly turn on the TV or listen to the radio without hearing the latest commercial about how fast and easy it is to get cheap insurance quotes. With so many different companies and types of insurance, it can be hard to tell which package is the best deal for you. Here are a few things to keep in mind when you’re in the market for a new policy.
Know Your Information

You will only be able to get an accurate quote if you put in as much detailed and accurate information as you can in the beginning. If you leave out vital information or use incorrect information to calculate your total, you may see a very different price when you go to purchase your insurance. The only way to avoid this unpleasant surprise is to know relevant variables, such as your driving history, credit score, and claims history, beforehand.

Be Clear on Your Needs

Whether you seek home, car, or life insurance quotes, you need to be aware of what your needs are and what you’re comfortable doing without when it comes to your particular policy. For example, if an accident happens or something goes wrong, you need to know how much you’re able and willing to pay out of pocket for any expenses. When you look at your policy, if there is an item you think you don’t need, take your time and think critically before making the decision to leave it out to ensure you don’t regret it later on when you might need it.

Shop Around

Instead of going with the first deal you hear about on television, take a look at other companies and policies and make sure you’re getting the best insurance quotes for your situation. An easy place to start is by searching for different carriers and policies online. This is a great way to get a variety of quotes and potentially save a great deal of time and money. You can also contact a trusted agent who can help walk you through the process and give you advice and feedback that you might not find on a website.

Compare Correctly and Ask Questions

When you shop different carriers, you will most likely see a wide range of prices. While it may be tempting to go with the lowest price, you have to make sure you are comparing all parts of the policy including deductibles, limits, and other important features. If any part of a policy confuses you or if you’re unsure of what exactly is covered, don’t be afraid to ask specific questions. Purchasing any policy is a big decision, and you should be confident that you are making the right choice when it comes to your coverage.

Once you find a quote that you are satisfied with, go ahead and make your purchase. Make sure you don’t cancel your old policy before your new policy is active, because you never want to be stuck in a bad situation without coverage. Once you activate your new policy, it’s an easy change to make, and you will be all set with your new policy.