When you purchase an existing home, it doesn’t come with any warranty. Whereas, some newly built homes come with a one-year warranty on systems and appliances. Homeowners insurance covers the contents of your home as well as the house itself, in case of theft, fire or other damage. But, it won’t protect you if your refrigerator quits. That’s https://victorgaragedoor.com where a house warranty comes in. The vast majority of home warranty companies offer 24/7 customer service assistance. A basic warranty averages between $350 to $500 with additional fees for extra warranty protection.
In shopping for a warranty, you will find that the warranties vary from company to company. However, most companies cover the following items:
• Water heater
• Sump pump
• Garbage disposal
• Kitchen appliances (dishwasher, built-in microwave and oven)
• Heating and electrical system components
• Exhaust fans and ceiling fans
Additional warranty coverage can be added for your refrigerator, air conditioning system, garage door remote, washer and dryer, swimming pool and/or septic system.
Let’s review typical costs when repairing or replacing home appliances:
• An oven/range can cost on average $114 to repair or $782 to replace
• A heating unit can cost an average of $390 to repair or $2,885 to replace
• The main electrical panel costs an average of $311 to repair or $605 to replace
*The above estimates were provided by American Home Shield.
Often homeowners don’t have a reserve repair fund set up should a major appliance or other home-related expense come up. This is why a home warranty plan can provide a sense of protection and less money out of your pocketbook should a problem arise with one of the home’s major appliances or systems. In order to gain a home warranty, the age of the home is not factored into the eligibility and nor is the appliances or system components. The only requirement is that the items being covered by the warranty must be properly maintained and in good working condition when the home warranty coverage is purchased.