If you’re considering a home warranty, there are some elements to think about before you sign up.

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When considering what is needed to protect your home against any damage, repairs or accidents, home insurance is usually the first thing that comes to mind. In fact, mortgage lenders require home insurance to be in place before they even extend the loan.

But there are other options that can potentially save you even more time and money when it comes to your home: home warranties. A home warranty can help protect you and your family by covering the cost of repairing appliances and home appliances. As any homeowner knows, there will be repair of household appliances and replacement of appliances. It’s simply a matter of value and cost.

Not sure about the price or want a home warranty? Find out today.

As with any purchase, you should do your due diligence before getting a home warranty. Carefully evaluate your situation and crunch the numbers to determine if a home warranty is right for you.

Is a home warranty worth it?

The decision to purchase a home warranty (or multiple) comes down to your own unique circumstances. However, there are scenarios where buying a home warranty will likely benefit you.

  • The manufacturer’s warranty has expired. Many common household appliances (refrigerators, ovens, washers, dryers, etc.) come with a manufacturer’s warranty upon purchase. But they don’t last forever, and almost none last the estimated lifetime of the product. That’s when a home warranty can come in handy. For a small price each month (around $25 to $100), you can protect yourself from the inevitable repairs that come with an outdated appliance.
  • Your appliances are old. Are your appliances older, well past their manufacturer’s warranty, and therefore more likely to need repair or replacement? Then you might want to consider a home warranty.
  • Your technique is used – a lot. Some appliances are used more often than others. The more wear and tear they endure, the more likely they are to need maintenance. Conduct an honest assessment of the use of your home appliances. If you live alone and do a few loads of laundry each week, you may not need a washer or dryer warranty. But if you’re a family of four (or more) doing laundry every day? Then it might be worth it.
  • Convenience and reliability. When household items break and you need help, it’s often difficult to reach out to support. Who is trustworthy? Who is ready to help immediately? And who is the least expensive? With a home warranty, these considerations are taken into account. Home warranty companies have a trusted roster of trained professionals who can help you quickly and efficiently.

Do you think it would be beneficial for you to have a home warranty? Act today and pview highly rated plans from a diverse list of home warranty providers.

Things to consider before getting a home warranty

Of course, there are times when a home warranty may not be worth the expense. Here are some things you should think about before getting a home warranty.

  • You will not necessarily be directly involved in the repair/replacement. Home warranty providers usually make the final decision. If it is important for you to consider repairs, then this contract may not be suitable.
  • This is an additional cost. If money is tight or if you just want to cut corners, setting up another bill to pay may not make the most financial sense at this time.
  • Full service, repair and replacement are not always covered. Home warranties don’t work that way, and despite paying the bill every month, you can still be on the hook for maintenance calls and other aspects. Read the fine print, especially the exclusions part, before signing up.

Be aware that warranty claims can be denied for a variety of reasons, such as improper maintenance or neglect, rough handling of products or appliances, improper installation, the list goes on. Again, make sure you read the contract carefully to make sure you won’t be held liable if something goes wrong.

Home warranties are a personal decision, and what works for one person or family may not work for another. But if you want to have peace of mind and not break the bank the next time you need major home repairs, a home warranty may be right for you.

Ready to get started? Home warranty providers are ready to help you today.