Home Warranty 101: Simple Facts for First Timers

Posted by Jack Dawson
October 17, 2017

Self-Published

A home warranty protection plan is a service of agreement that covers your household appliances and systems in case of breakdowns, thereby protecting your budget. A home warranty can reduce the anxiety and uncertainty that accompanies these events. A home warranty can help control the costs associated with homeownership. When a covered appliance or system breaks down, you will only be required pay a trade call feeto your service provider, which is a very small cost. Home warranties do not cover items that have been poorly mishandled.

In case of a system breakdown, you can open a claim by calling the customer support or maybe if your warranty company has an online website, report online. Once you do this, the home warranty company will send a technician to fix the issue. According to home warranty companies in Texas, this usually takes 48 hours, following the acceptance of your claim, to provide you with a service call. If this is an emergency, the service time may be much quicker. Most companies have round-the-clock customer service to process claims. Once the report is processed, contractor assistance will be scheduled as per your convenience.

The warranty covers only those systems and appliances specifically mentioned as covered in the contract and excludes all the others. The contract does not cover system or appliance failures that occur due negligence or due to lack of proper maintenance.

The advantages of having a home warranty

  • If you don’t have an emergency fund or if you have one and you want to protect it, you can use a home warranty as a safeguard. That way, you will not be put in a position where you will be required to get some money from your emergency fund to cover repairs and maintenance.
  • Home warranties are also very handy if you don’t have the talent or natural skill to fix things on your own. If you have very expensive tastes in home appliances, this means that the cost of repairs will be high and you may not have that amount of money within a short period of time.
  • If you only have a little knowledge of how well your home components have been maintained, having a home warranty may be what you really need.
  • A warranty can also help if you have spent most of your savings on purchasing your new home by taking care of any possible additional expenses. This way, one will not worry themselves much about normal repairs and maintenances.
  • Home warranty provides you with protection against expenses that are incurred due to damage of your household appliances. The home warranty shall pay for repairs or replace your damaged appliance.

Major appliances covered in home warranty

Most plans cover major appliances and systems like air conditioning, plumbing systems, laundry appliances, kitchen and electrical appliances. Some standard plans may also include appliances like plumbing stoppages, toilets, sump pump, smoke detectors, bathroom whirlpool, motor pump, re-circulating hot water pump, water heater, door bells ,door opener, ceiling fans, attic and exhaust fans, dishwasher, oven, cooktops, built-in microwave, instant hot water dispenser and trash compactor.

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