Home warranties cover a wide range of appliances, so they give homeowners great peace of mind. For first time home buyers, it’s a very good idea to get a home warranty.
Many first time home buyers don’t understand proper home maintenance, which can lead to a premature appliance breakdown. A warranty can cover such a scenario.
Who Ends Up Paying For A Warranty?
The answer to this question depends on who is buying or selling the home. Many sellers offer a home warranty with the purchase of their home because they want to sweeten the deal for the buyer.
However, many deals involve the buyer paying for the warranty. If you already own a home and don’t plan on selling it, you can still benefit from getting a warranty.
During the sale of a home, it’s quite common for the seller to pay for the warranty. A lot of real estate agents provide a warranty with the sale of a home as a closing gift.
The cost of a warranty can vary; it depends on the company that is selling it. However, most warranties are quite inexpensive. The typical cost of a warranty is $200 to $400.
The level of coverage provided by the policy is the biggest factor that determines the price. Most warranties require you to pay for a whole year of coverage upfront.
Different plans provide different levels of coverage, but most policies operate in a similar way. If you’re covered, all you have to do is call the company when a covered appliance stops working.
Put simply, partners are the people who will end up fixing your broken appliance. Once the warranty company has contacted a partner, the partner will set up an appointment with you.
Eventually, the partner will fix the appliance, and if he or she cannot, the warranty company should pay to have the appliance replaced. Most home warranties require you to pay a service fee, which is just like paying a deposit when you wreck your car. The service fee is usually less than $100.
While every home warranty is different, there are some things that are rarely covered. The warranty usually doesn’t cover outdoor items, such as water sprinklers.
It’s unlikely to cover permit fees, the removal of an appliance, pools, spas and faucet repairs. A lot of plans also don’t cover garage door openers, dryers, washers and refrigerators.
American residential is a trusted company. To avoid paying the bill for costly appliance repairs, American Residential Warranty can give you a home warranty in Washington.