Unexpected breakdowns and repairs can be a slap to an already tight budget. We can opt for a home warranty to escape these sudden and unexpected expenses.
What Is A Home Warranty?
A Home Warranty is a contract issued to the homeowner by the home warranty company that ensures a discount on repairs or replacements. Notice that A Home Warranty and A Home Insurance are two different things. We can claim Home Insurance at the time of any mishappening that has damaged the building or the structure of our home whereas A Home Warranty helps us get our repairs and maintenance done at a discounted price.
Who Needs A Home Warranty?
When buying or renting a home, we get the option to buy a home warranty as it seems to be a good investment. But is this the case? Well here are the pros and cons we need to know before buying a home warranty -
Saves Time, Money, And Effort -
During sudden appliance failure or urgent repairs a home warranty can come in handy. These warranty agencies have experts available to come to our aid at any time.
Makes Us Stress-Free, At Least While Talking About Repairs -
Of all the things we need to worry about, maintenance and repairs should not be on the list. Home Warranty takes care of this burden, or at least reduces it to its minimum.
Saves Us From Bulky Tools -
Are you the type of person who does not know how to handle repairs or doesn’t want to do it? Well, a home warranty is a perfect service for you! With professional aid, you can get worry-free repairs without moving an inch.
Doesn’t Cover Many Things -
There are many things that a home warranty does not cover. Pre-existing damages, rust, corrosion, complaints due to manufacturing defects, and damage to walls/floor are some things that are not covered in a home warranty.
Service Call Fees -
Every time we decide to call the agency to get something fixed, they will charge a service call fee ranging anywhere from $50 to $100.
Claims Can Be Denied -
If the thing that needs to be fixed has not been maintained properly, then the home warranty agency can deny to give us a discount, and we will have to pay the full amount.
Works Just Like An Insurance -
It works just like insurance and saves us from huge expenses in the future. There are chances that we might never use it. Although most of us have at least 1 or 2 repairs or even system maintenance in a year, chances are that we still might not use it or our claims do not get approved.
In the end, after reading all these points, you might have a clear picture in your mind about a home warranty. Although it might be a good decision to have one, it is always your choice at the end of the day.
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