Frequently Asked Questions About Home Warranties

Frequently Asked Questions About Home Warranties

Below you will find the most frequently asked questions about home warranties.

Home Warranties can cover Garage door openers, Clothing dryers, Refrigerators, Microwave ovens, Garbage disposals, Ovens, Ceiling and exhaust fans, Clothing washers, Swimming pools, Air conditioning, Plumbing, Water heaters, Solar panels, Thermostats, Coffee machines, Cell phones, Tablets, Televisions, Computers and more

Home warranties are priced annually and vary depending on the company you chose, the number of appliances and systems you would like to cover, and also based on your location. They range at around $370-$800/year. The best option when it comes to choosing the right plan is to talk to your home warranty consultant in order to get an exact cost.

A home warranty deductible is a price you pay for a service call. For example, if your refrigerator breaks down then you would need to call a contractor to come to fix it. If you have a home warranty then you would call the home warranty provider that would in turn send a licensed contractor to inspect the refrigerator. For every service call like this, you will need to pay a deductible. Usually, there are no more additions on top of that.

Yes. A home warranty can be canceled at any time usually with a 30-60 day notice policy that should be attached to your legal agreement.

No. First, the home warranty company would send you a contractor for a service call. If you are unsatisfied with that contractor, then you would be able to choose your own.

The coverage time for home warranties is for a 12 month period and should be renewed at the end of every 12 month period.

Yes. If you have tenants and you want to save yourself the time and money of servicing their repairs then the ideal option for you is to have a home warranty. In fact, you can put the tenants in touch directly with the home warranty company.

There is no guarantee about how much money you can save from having a home warranty. However, the average consumer saves around $1,500 on home repairs if they have a home warranty.

Ask a Question

Search for Answers. Get Support.

Or Visit our

Coverage.

Cover your Garage door openers, Clothing dryers, Refrigerators, Microwave ovens, Garbage disposals, Ovens, Ceiling and exhaust fans, Clothing washers, Swimming pools, Air conditioning, Plumbing, Water heaters, Solar panels, Thermostats, Coffee machines, Cell phones, Tablets, Televisions, Computers and more

Deductibles.

Some home warranties have a deductible of around $60-70; or the repair cost, whichever is lower. If the warranty includes a deductible, this fee will be charged for every repair. And even if you don’t pay the actual repair or replacement costs, you may be liable to pay from between $65 and up to $125 in trade fees for each repair. This fee, stipulated in the contract, covers the price of the technician who comes to your home to diagnose the problem.

What Comes under the cost?

Mechanical systems of the house such as plumbing, heating, air conditioning, and electrical are covered under this service. However, it does not cover the costs that include misusage, external damage, or inadequate maintenance that could be categorized under “mishandling” post-purchase; in which cases could be completely denied.

Popularity.

Home warranties are extremely popular and are considered to be as important as home insurance. They can both save the average home up to $1,500 in home repairs annually and provide the comfort of coverage for systems and appliance if any disasters happen.

More Reading

Home Warranty By State