Home Appliance Warranty Choice Home Warranty

1. Discuss the various types of home warranty programs available. 

2. Evaluate the benefits and drawbacks of each program.

3. Choose the home warranty program that is best for you.

Discuss the various types of home warranty

Home warranties vary from state to state. If you’re considering a home warranty, it is important to first know what type of policy you need.

Do you need a basic warranty that covers appliances, plumbing, and electrical systems? Or do you need a broader coverage plan that includes roofing and heating/cooling systems? To find out what type of warranty is best for you, consider these factors:

How much money do I want to spend upfront?

How much money am I willing to pay monthly?

How much coverage do I need?

Evaluate the benefits and drawbacks of each home warranty program.

Some companies offer homeowners insurance as an optional add-on to their property policies. But is a separate policy worth it? And what kind of coverage is provided?

The short answer is yes, it can be worthwhile to purchase a separate policy. The average cost of coverage ranges from $200-$300 per year, and most policies provide up to $25,000 of protection. That may sound like a lot, but consider that some natural disasters like floods can result in much higher costs. Floods alone can cost upwards of $5,000-$8,000.

If you want comprehensive coverage for your appliances and heating/cooling systems (as well as other items), this is worth considering.

Choose the home warranty program that is best for you.

If you’re like me, you may have never given much thought to the type of warranty you carry on your home. I’m guessing that the reason why is because there is nothing to think about. In my experience, my realtor told me that I need to pick a company and then never gave it a second thought.

I can assure you that I was far from informed when it came to my home warranty program and would never have done any research on my own. This has been an issue because I recently discovered that I was paying way too much for a plan that didn’t offer me much protection.

Luckily, there are many companies and plans to choose from so this doesn’t happen to you! Take some time to do some research before choosing a plan or company and you’ll be able to sleep better at night knowing you chose wisely.

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