DON’T LET AN UNEXPECTED HOME-REPAIR BILL CRIPPLE
A malfunctioning air conditioner, furnace or other household equipment can disrupt your lifestyle and wreck your bank account. A home warranty underwritten by one of the leading providers in the U.S. can shield you from financial disaster!
A Home Warranty Could Save You A Bundle!
WarrantMyHome screens and evaluates home warranty companies based on price, value, and service quality. Only the best performers earn our recommendation. As one of the nation’s top resources for home warranty professionals, WarrantMyHome connects you with the most reputable, professional warranty providers in your area. You will rest easy knowing your most valuable investment is protected.
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What to look for when shopping for a home warranty provider
The more extensive the coverage, the more expensive the warranty. Consider the total cost, including monthly payments, deductibles, service charges. Very costly repairs or replacements may not be fully covered, requiring you to pay out-of-pocket.
Find out exactly which appliances and systems the warranty covers and whether pre-existing problems are covered. Understand if the warranty includes caps on the amount the company will pay per claim.
Know the average and maximum wait for a service call and needed repairs – for both routine repairs and emergency service. Find out if you have any input on who performs the service or if you can engage a repair service if the warranty company can’t find one.
Look for a plan that fits your budget and circumstances. If your home is relatively new, lower monthly premiums may be the best fit. If you live in an older home, coverage of all appliances and pre-existing conditions may be the ticket.
HOW MUCH WILL THIS COST?
Depending on the coverage provided, the size and value of your home, and your location, home warranties cost around $400 to $600 per year, billed monthly. When you need someone to look at an appliance or system, expect to pay an additional $70 to $150 for a service call. There may be additional costs if your warranty has a coverage cap and you experience a very costly repair or replacement such as a new furnace or air conditioning system.
HOW WILL THIS AFFECT MY HOME’S VALUE?
A recent study found that a home warranty adds more than $2,300 to a home’s selling price. Not only did the selling price of covered homes increase, they sold an average of 11 days sooner than their non-warrantied counterparts. Homebuyers appreciate the peace of mind that comes with an in-place home warranty, when then transfer to them after closing.