For those who don’t know, a home warranty is a contract between a home owner and a company that will ultimately cover any repairs to their home and appliances. Home warranties come in all kinds of shapes and sizes and it is best to compare the different options available before choosing any specific one. For example, homeowner’s insurance will cover people from theft as well as destruction.
What Does a Home Warranty Cover?
There are many different things that a home warranty will cover. For example, some home warranties cover heating systems, cooling systems, plumbing, and several other appliances around the home. Others are designed to cover areas such as theft and destruction from natural disasters. Let’s dive a bit deeper and talk about the specific areas of one’s home that is covered by home warranties:
Appliances: These include washing machines, dryers, fridges, dishwashers, and even ceiling fans.
Heating Systems: This also includes cooling systems as well. Air conditioners and any types of furnaces or heat pumps will also fall under this category and be protected should they malfunction.
Pluming: A leaky faucet or a broken hot tub can be protecting with the right type of home protection plan.
What doesn’t it cover?
Unfortunately, a home warranty doesn’t cover everything. In fact, there are certain areas that it will not provide coverage for. For example, the majority of home protection plans will not cover any fees associated with permits nor will they cover any kind of cosmetic structure that has become a part of your appliances.
For example, a baking attachment would probably not be covered in a home warranty package. It is important that you speak with your individual home protection plan company so that you can receive a full understanding about what is covered and what isn’t
under your warranty.
As far as home protection plans are concerned, they are doing home owners a lot of good. They can save you a lot of money in the long run by not needing to pay for particular repairs on products. A home warranty can be worth it in the long run. However, you’ll want to make sure that your particular company is offering you the incentives and protection benefits that you’ll actually be able to take advantage of. Otherwise, it will be a waste of funds.