Home Warranty vs. Appliance Warranty: Here’s What You Need to Know
If you are contemplating the option of buying a home, there is likely a lot going on in your mind right now. You may be wondering whether this is going to be a good investment for your family. Perhaps there is a bit of discouragement regarding something going wrong. After all, it can be difficult to know whether or not you are making the right choice, especially if this is an older home. Of course, it is possible to hire an inspector to do a thorough examination of the home. However, some things are often overlooked. It makes sense to protect yourself as much as possible with a home warranty.
Learn More About Different Warranty Options
It is important to do as much research as possible regarding different home warranty plans. After all, every home is going to be different. You want something that is going to protect the entire home as well as the appliances inside. Find out whether or not the warranty you have chosen is going to cover everything. If it is not able to cover everything, you can extend the warranty so that everything is protected.
Always Cover the Appliances
Replacing a new appliance can be extremely expensive. It makes sense to make sure the washer and dryer, refrigerator and freezer, stove, built-in microwave, and even the water softener and water heater are protected. Unfortunately, some people don’t even consider the importance of making sure their furnace and air conditioning unit are protected. They end up finding out the hard way that this is a very expensive replacement that could have been avoided with a simple home warranty purchase.
Don’t Be Confused By a Manufacturer’s Warranty
Most of the appliances that you will purchase today are going to come with some type of manufacturer’s warranty for an additional cost. However, this warranty is only good for a few years. After that point, you are basically on your own to replace the item if something were to go wrong. However, if you were to purchase a traditional appliance warranty, you would be able to have a refrigerator replaced or repaired even if the refrigerator is an older version. This would be long after the manufacturer’s warranty has expired.
Extended Manufacturer’s Warranties Are Another Option
Depending on the name-brand of your product, it may be possible to purchase an extended manufacturer’s warranty. Basically, this is a warranty that is going to be extended longer than the traditional manufacturer’s warranty. One of the benefits of this is that you will be able to hire a professional regarding that particular appliance to take care of the repairs. If you are thinking about purchasing new appliances, check into an extended manufacturer’s warranty.
Don’t Overlook a Home Warranty
Depending on the situation, you may choose to purchase an umbrella home warranty. Basically, this is going to offer coverage for everything inside the home. This would include electrical wiring, plumbing, light fixtures, and even heating and ventilation. It is great to know that there is coverage available for these things. Like many people, you probably cannot afford for something to go wrong.
Customize a Home Warranty
Of course, there are options to customize a home warranty. An example of this would be to put coverage on the roof of the home without having to worry about covering the electrical wiring. Every homeowner is different and it makes sense to carefully consider what should be covered. Generally, it would be advantageous to talk to the inspector who examined the home before purchase. This would help you to understand more about things that could potentially go wrong. As the average person, you probably don’t have a lot of knowledge regarding these things. Of course, a real estate agent is also able to help you to know more about what can be expected with a home warranty. Generally, the real estate agent is going to introduce the option of a home warranty.
Extended Appliance Coverage is an Option
Perhaps most of the appliances in your home are brand-new and have a reputation for functioning properly. If this is the case, you may not be too concerned about purchasing an appliance warranty. Perhaps there is one of the appliances that you are not so sure of. If this were the case, you can purchase an appliance extended warranty for that particular item. Generally, this would be a very affordable monthly payment. If something were to go wrong with that particular appliance, you would be able to contact the warranty experts and they would send someone out to take care of it after a minimal deductible was paid.
Peace of Mind is Important
If you are contemplating the option of purchasing a home, a home warranty is a necessity. After all, you are getting ready to make the biggest investment that you will likely ever make. You definitely want to protect yourself as much as possible. Take the opportunity to shop around to find the right warranty for your needs. Of course, if you have any questions, a representative is available to help you to understand more about what can be considered.
Home Warranties Can Be Renewed
Something else to consider is the reality that it is possible to renew a home warranty. Basically, it is going to expire after one year. At this point, it will be up to you to decide whether or not you would like to renew it. This would provide the opportunity to make any changes to the warranty. As a homeowner, you want to do everything possible to protect your home and everything in it. Repairs can be very expensive and this should be avoided whenever possible.
Learn More About Homeowners Insurance
Some people make the mistake of thinking that their home is covered because they have paid a monthly insurance payment. Typically, homeowners insurance is going to cover your home in a situation such as a fire or a flood. However, the home appliances would not be covered. An example of this would be if your washing machine flooded the house, the insurance would likely pay for any damages caused by the washing machine. However, they would not pay for a new washer. This is why it would be advantageous to have appliance coverage.
Take the Opportunity to Learn More Today
Now is the time to learn more about different home warranty options. Many people don’t realize, they can purchase a warranty on their swimming pool, a septic tank, a sprinkler system, a water softener, a generator, a central vacuum, and ice-maker, and even electronic locks on their door. As a homeowner, it is important to do everything possible to make sure this home is a comfortable place where you can relax and enjoy everyday life. Of course, it is important to make sure everything is functioning properly. If something is wrong with the home, it should be taken care of right away. These things are generally easier to take care of if they are protected under a home warranty.
Now is the time to carefully evaluate your particular situation. Think about whether or not it would be beneficial to purchase a home warranty or a home appliance warranty. Most people prefer to do an umbrella type plan which will cover everything in their home. After all, you never know when something is going to go wrong. It is beneficial to know that you can make a phone call and someone will be there to restore your home back to the way it was before this happened. Don’t get overwhelmed at the thought of replacing a refrigerator or other major appliance. Instead, protect yourself with a home warranty and pay the minimum deductible. This is definitely something that you are going to need at some point. It makes sense to be protected right away.
It is only a matter of time before something goes wrong. You need to know for certain that everything is going to be protected. Take the opportunity to meet with a home warranty representative today. They will answer questions and help you to decide which warranty option is going to be best for your situation. Often, it is possible to purchase a home warranty plan for less than a dollar a day. This definitely makes a lot of sense especially when you consider the reality that a new HVAC unit could cost thousands of dollars.
Being a homeowner is something that comes with a major responsibility. It is likely that you have a lot of stress regarding everything that needs to be considered. Think about taking a break from the stress and invest in your home. If one of the appliances in your home were to malfunction, this would be very expensive to repair. Rather than taking any unnecessary chances, schedule an appointment to learn more about protecting your home and everything inside it. It is likely that you do not want to have to worry about one more bill. However, when you realize the expense of a new refrigerator, it makes sense to make the investment. Take the first step today.
