A Home Warranty is really "home maintenance" insurance policy.
Home Warranty Companies "issue" home warranty policies.
These specialized "insurers" charge an annual fee for the "coverage", and offer service call "deductibles" where authorized, screened contractors are dispatched to resolve household maintenance issues upon your request. Each company offers at least one type of coverage that normally offers repairs for HVAC, water heaters, electrical or plumbing issues.
Note: If you can fix or troubleshoot the obvious (a GFCI outlet trips & press the reset button or a simple $15 toilet tank repair), you can save a $50+ service call. Otherwise, call your home warranty provider and get a professional to help you.
SOME HOME WARRANTY COMPANY WEBSITES
NOTE: There may be other home warranty service providers, but I have only seen warranty plans from these companies.
AMERICAN HOMESHIELD - HOME WARRANTY INFORMATION
Buyer's Protection Group (Formerely Land America) - HOME WARRANTY INFORMATION
FIRST AMERICAN- HOME WARRANTY INFORMATION
Old Republic - HOME WARRANTY INFORMATION
http://www.prnewswire.com/news-releases/home-warranties-protect-homeowners-during-extreme-weather-attract-buyers-in-competitive-real-estate-market-118901959.html
According to many home warranty providers, the highest rate of homeowner claims encompasses water heaters, furnaces and central-air conditioning, while major appliances covered by a home warranty generally start to require servicing at five years of age. Since home systems and large or built-in appliances are acquired during a home sale, there are many unknowns, such as how things previously have been used and maintained.
References to products and services are not a specific endorsement, but the user must perform their due diligence and investigate whether the product or service is right for them. I welcome any or all comments that would help others.
No comments:
Post a Comment