People commonly confuse homeowner’s insurance & house warranties.
Homeowner’s insurance can cover major damage such as fires, hail, & property crimes, however a house warranty sites a contract between a homeowner & a house warranty corporation.
This contract gives the homeowner benefits of discounted repair & replacement services appliances, including electrical, air conditioner, air duct, water heaters, washers, dryers, refrigerators, & dishwashers. If you don’t have a house warranty, you can go directly to a contractor of your choice for service. If you have a house warranty, the supplier your warranty is through has contracts with unique approved repair providers. Because of this, when something breaks down, the homeowner calls the house warranty corporation. Then, the supplier sends a single of their approved providers to come & inspect the problem. The house warranty supplier is essentially the liaison between the customer & the repair provider. A house warranty is not a 100% solution to all of your house repairs. Some repairs will not be covered by the house warranty supplier because it is not in the contract or they don’t offer coverage for that repair. It is vital for the homeowner to think what is being covered in their contract & spend additional money on coverages that are deemed important. There are several contracts that can be purchased, however make sure you understand what kind you are purchasing. Home warranties normally cost hundreds of dollars a year & can either be paid upfront or in installments depending on the house warranty supplier that you choose. The property’s age & size influence the cost of the house warranty. Within basic policy guesthouses are not covered, however in a separate contract & paying an additional fee, they can. A normal house warranty can officially cost $350-$600 per year with about $50-$100 for each repair or repair visit however prices depend on the warranty supplier & location within the country. Make sure you educate yourself on all warranty information that you can before you sign any papers & make sure to study the nice print.