What to Look for in a Home Warranty: Tips for Homeowners to Protect Their Appliances

Buying a home warranty can be a great idea for many reasons but before a buyer a home warranty, they should want to make sure they understand what they are getting. There are a lot of different ways that buyers can protect their home and a home warranty is a great option as long as they get a good plan that will actually protect what you expect it to protect in your Roxboro home.

How a Home Warranty Differs From Home Insurance

A home insurance policy is different than a home warranty regarding what each one covers. This is important to understand so a buyer can know what they are getting with a home warranty. A home warranty covers any appliance repairs within the home. They can sometimes also cover electrical or plumbing problems within the home that may occur. This is different than home insurance because that is designed to cover the structure of the property and any of the personal property that is contained inside. Personal property can be things like electronics, jewelry, clothing, or other personal items. A home insurance policy can also cover liability on the property in case anyone gets hurt there. This is vastly different than a home warranty that covers the repair or replacement of appliances within the home.

Know What is Covered

Backed with the understanding of how a home warranty works and what it covers, before purchasing any policy, take the time to find out exactly what is covered in the policy. Buyers will want to make sure that all appliances are covered, not just specific ones. Beyond that, buyers should want to make sure that all repairs and replacements are covered as well as how. For example, it's important to understand what would constitute a replacement and what would constitute a repair if an appliance were to stop working. The policy can vary from company to company so it is important to take a look at these details so buyers can be sure they understand what is being covered and how for that specific policy.

Find Out How to Make Claims

While buyers may hope that they will never need to use their home warranty, it's important to understand the process is for making a claim. The key is knowing what that specific company requires as part of their claim as well as the process to ensure that the claim is processed in a timely manner. This means asking about the process before purchasing the warranty. Do research to see how they treat their customers. It's important to feel secure in knowing that when you need to do business with them, they value you as a customer. Buyers do not want to have to deal with a company that does not respect their customers or makes processing claims extremely difficult. This will only add more frustration to the situation. The final thing any buyer should ask the company is how fast they process claims. if they are very slow, it may be best to look at another warranty company.

A home warranty can help buyers in many ways which is why it is a good investment for many people. However, before purchasing a policy, buyers will want to make sure they know exactly what they are getting and that the policy is right for your needs.