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Home Warranty Facts You Can Learn Through A Quick Search

25 January, 2022 Education


A home warranty can provide peace of mind for homeowners. A quick search online will reveal many different home warranty companies, each with its benefits and features. It's important to do your research before purchasing a policy, as not all warranties are created equal. Read on for some of the most important facts you can learn about home warranties!


Maintenance and Repair Regulation


Maintenance and Repair Regulation

Home warranties cover the major systems in your home, including the electrical system, heating and cooling system, plumbing, appliances, and many others. Depending on the warranty's coverage level, these may include certain "luxury" features such as pools or spas. For residents in Arizona, AZ home warranties can help reduce repair costs by covering part of the cost for repairs that are not related to normal wear-and-tear - only problems due to negligence will not be covered. This is not true with some other types of insurance policies.


Home Warranties Cover Appliances

According to Warranty Direct, if you purchase a warranty when you buy your home (typically known as new construction coverage), it covers items like appliances and air conditioning units. It also typically covers additions like decks or patios, which may not be covered if you purchase coverage later on. Home warranties are typically more cost-efficient than insurance policies, so homeowners need to do their research before choosing a policy.


Home Warranties vs Insurance Policies

Home warranties and insurance policies are both designed to provide peace of mind. However, they do so in different ways. While insurance policies often cost more than home warranty coverage, they also typically include more components and appliances. Home warranties can be purchased on a "named peril" or "all-risk" basis: A named-peril policy only provides coverage for covered problems with named items listed in the contract, while an all-risk policy covers all of the major issues that could arise with your home's infrastructure and systems - or appliances.


Home Warranties Typically Have More Coverage

Many of the systems in a home can be repaired by a relatively trained technician - however, certain systems (like heating and cooling) require specialized knowledge and training to repair. Warranties typically provide comprehensive coverage for items such as heating and cooling systems. Insurance policies may not include these types of coverage unless you purchase a separate rider at an additional cost. When buying a home, it's important to ask whether there is a warranty on the new property. This will help save you time and money when it comes time to purchase your own warranty policy or service contract. If you buy a new home that does not come with any type of warranty, then purchasing one separately for your new home can help avoid large repair costs down the road.


Home Warranties Typically Have More Coverage


If you want to protect your home and reduce repair costs, a warranty may be the right choice for you. A home warranty is an excellent way to close gaps in coverage that come with homeowner's insurance or renter's insurance policies. By reading up on the features offered by different companies, you can choose a policy that will give your family plenty of protection through its term and reduce stress when something goes wrong!


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