Home Warranty for Financial Protection
Why would you need a home warranty? You may buy a warranty for your car in case of emergency. You may buy a warranty for your computer to help you out with service. A lot of things these days come with a warranty. Your home should be covered by a warranty too. It’s one of the most expensive, important purchases you may ever make in your life. When you purchase a warranty for your home, it covers the un expected expenses that are not covered under homeowner’s insurance.
Home warranty plans help protect your finances should something happen. If you have a major plumbing problem in your house,
electrical issues, HVAC breakdowns, or appliance problems, by purchasing a warranty you consolidate your efforts and save money on costly repairs and replacements.
For example, let’s say your water heater in your home breaks down. Hot water is essential for a lot of applications in your home, mostly for sanitary reasons. You use it to wash clothes and dishes and use it daily for showering. If you were not covered under a warranty you would have to find a contractor independently. They would charge you for an initial visit to your home as well as diagnostic tests to find out exactly what’s wrong and why it isn’t working properly. Then they would have to come back to your home and charge you again. You may have to wait on parts. You might even have to wait for a contractor to get to you in the first place.
Under a warranty, that water heater problem is taken care of immediately. By calling your warranty company, you put the work in their hands. They send over the contractors who perform the work. They handle all the scheduling, making sure there is someone over at your house at a moment’s notice. Because you are covered under the warranty, something that you’ve already paid for, the repairs come at little or no cost to you.
Buying a home warranty might be an additional investment that may not seem worth it at the time, but it pays for itself once you have your first emergency. Most warranty companies can offer you a flexible plan so that you choose what is covered and how much you pay for the service. It may be a flat rate fee or a payment plan. In the end, you may pay a bit more up front but having a warranty plan for your home can save you hundreds, even thousands of dollars in the long run. It also saves you the time and worry over trying to juggle a handful of local contractors, each with their own way of conducting business.
If you’re buying your first home or a current a home owner, looking into home warranty plans is an investment for the future. You don’t think twice about insurance, why would you concerning a warranty?
