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Home Warranty 101

For most of us, buying a home and maintaining it is a major life investment. We want to make sure we have our homes fully secured; and this includes financial security. Many homeowners do not have the money set aside in case of an event causing damage to the home or its belongings. Homeowners insurance covers damage caused by natural or man-made disasters such as, but not limited to: tornadoes, hurricanes, fires, floods, and theft. However, homeowners insurance does not protect against appliance and home system failure due to normal wear and tear, mechanical issues, and ageing. To ensure the best possible coverage, a home warranty has become a popular homeowners choice as a complement to their homeowners insurance policy. The following is a guide on home warranties to help you better understand what a home warranty, or home service agreement, can do for you.

Home Warranty Plans Defined

Home systems, appliances, and devices will often break down due to normal wear and tear, mechanical breakdowns, and as they age. If they are not covered under a homeowners insurance policy or manufacturer’s warranty, repair and replacement costs can quickly add up. Average repair costs per year can be hundreds and reach thousands. A home warranty can protect your home providing coverage to help keep important appliances and home systems running smoothly.

A home warranty, or home service agreement, is a contract between a new or existing homeowner and a home warranty company that provides for repair and replacement service on a home’s major units, appliances, and systems due to such events as normal wear and tear, mechanical breakdown, and ageing. A home warranty plan covers a variety of things. Coverage depends on the items selected as a part of the policy. A plan can include, but is not limited to, major appliances such as:

Central air conditioning and heating

Interior electrical

Plumbing

Water heater

Range/Oven/Cooktop

Refrigerator

Dishwasher

Washer and Dryer

Garage door opener

And much more!

A company offering the best home warranty will offer add-on coverage for plumbing, interior electrical, water/sewer lines, central heating/cooling, well pumps, as well as electronics protection plans, and more.

What doesn’t a Home Warranty Plan cover?

A home warranty does not cover appliances, systems, and devices damaged by natural or man-made disasters. These events, such as, but not limited to: tornadoes, hurricanes, fires, floods, or theft, would be covered under a homeowner’s insurance policy.

Does a Home Warranty Plan provide qualified local service technicians?

Home warranties are ideal for those who don’t want to worry about finding a good contractor when they have a problem. A plan provider has qualified local technicians to make a repair on-site, or recommend sending the item for repair, or do a replacement. The warranty company has pre-approved expert technicians so when something that is covered by a home warranty plan breaks down, the homeowner calls the home warranty company customer representative who arranges for the technician repair service provider to examine the problem. If the provider determines that the needed repair or replacement is covered by the warranty, they complete the work.

How much does a Home Warranty cost?

The cost of home warranty plans vary depending on the coverage and options you choose. It’s easy to compare plans by getting a free online quote. A quality home warranty company offers comprehensive home warranty plans suited to your specific needs and they provide an easy interface for you to select exactly what you need covered.

A home warranty can provide reassurance to a home buyer or current homeowner. ARWHome aims to provide speedy and efficient service to homeowners across the country. With a wide variety of the best home warranty plans and additional options for customized coverage available, we’re sure to have a plan that’s perfect for your specific needs.

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