Buying a home is one of the biggest and most important investments a person can make in their lives. Because of this, it is important to protect this investment, and one of the best ways to do this is to buy a home warranty. Everything breaks, wears out and eventually needs to be repaired or replaced. We get warranties on our cars and other high-value items for this reason and our homes should not be the exception. In this article, we are going to look at why every new homeowner needs a home warranty.
Avoid Expenses for Some Time
Once you complete the home purchase process, it is likely that you will not have a lot of money remaining to cater to unexpected expenses. Taking out a home warranty when buying a home gives you the peace of mind of knowing that you will not have to cater for unexpected expenses for some time. Your home warranty will cover the costs associated with the repair and replacement of things like appliances as long as you are within the warranty period.
A Home Warranty Helps You Anticipate Future Expenses
Once you buy a home, you should know that there are some expenses associated with being a homeowner. These expenses can catch you off-guard, and you have to be prepared to prevent this. When you have home warranty, you will get a better idea of what the warranty will cover and what it will not. This can help you know what you will need to pay out of pocket when you need any repairs and replacements. The good news is that the best companies let you know exactly what is covered when you get the warranty. Whatever is left is what you need to pay for out of pocket and having this information can help you plan and anticipate future costs much better. Use a comparison site like top10.com to find the top home warranty companies.
It Complements Your Home Insurance
Many homeowners think that buying home insurance is enough. This is not true because home insurance will cover damage, repairs and replacements that concern the house itself. For example, if a tree falls on your roof or your basement gets flooded, home insurance will cover roof repairs, roof replacements in some cases, and even basement repairs, but it will not cover any appliances damaged in the process. A home warranty can help complement your home insurance so you know both the house and whatever inside it are covered should anything unexpected happen.
Finding Contractors Becomes Easier
Finding a good contractor for home repairs is always hard, especially if you have just moved to a new neighborhood. While you can read some online reviews or talk to your neighbors, there is an easier way: through your home warranty provider. Home warranty providers have a list of certified and qualified contractors that they use to provide home repair and replacement services. This means you only need to fill the requisite paperwork, make a service request and wait for the home warranty provider to send someone out to you. Some of these providers make it easy to find the right contractor by providing online portals through which you make service requests and track all services provided to you.
You Can Save Money on Some Home Services
While homeowners primarily use their warranties to get things replaced or repaired when they break down, this is not all that home warranty providers offer. Home warranty companies will often provide maintenance services for some of your appliances. These services will usually be offered at a discount to help protect you from expensive repairs and replacements. They are often offered for appliances the home warranty provider does not cover so they can keep you as a loyal customer.
Some home warranty providers will also offer guidance to help new homeowners take better care of their homes. This can include providing maintenance checklists or guides for some maintenance chores such as flushing your water heater.
Home Warranties Save You Time
Appliances and home systems seem to break down at the worst time. When this happens, you will be left scrambling to find someone to handle the repairs or replacement so you can get things working as expected again. Instead of wasting time and stressing yourself out, all you have to do if you have a home warranty is call the provider. Many of these providers accept calls and service requests 24/7 and will send out qualified and experienced contractors to take care of whatever issues you have.
While getting home insurance is a great idea, it is also best to get a home warranty when purchasing a new home. A home warranty will protect your appliances and systems, and can come in handy when you need urgent repairs or replacements. You also get to save a lot of money on repairs because everything is covered under one convenient plan.