Note: We receive a commission for purchases made through the links on this site. Our sponsors, however, do not influence our editorial content in any way.
When you first move into a new home, you are required to purchase homeowners insurance. You will probably also receive advice from family and friends, as well as solicitations in the mail, regarding a home warranty. Although you are not required to get a home warranty, it is beneficial to do so.
Home insurance covers damages to the structure of the home caused by severe weather or natural disasters. It also provides coverage for personal belongings in the home. And lastly, if a family member or a visitor to the home suffers an accident, homeowners insurance also provides liability protection.
The best home warranty companies cover damaged or faulty appliances, air conditioners, heaters, electrical systems and plumbing. You can customize your home warranty plan to suit your needs and your budget, such as to only cover appliances. The home warranty covers the cost of repairs and/or replacement so long as specific terms and conditions are met. Subsequently, there are many ways a home warranty can protect you, making it a wise investment.
Even with new construction, there can be many things in a home that break down or cease to work properly over time. From shorts in the electrical system to a malfunctioning air conditioner to a doorbell that stops working, it can sometimes seem that there is no end to things that must be maintained and repaired. Thankfully, with a home warranty you won’t be liable for many of the costs.
Major appliances such as washing machines, ovens, dishwashers and refrigerators get a lot of use, and parts may break or malfunction over time. Having these items in good working order is important, and a home warranty will cover the repairs or even replace the item if necessary.
Your HVAC units are also prone to break down or stop working properly over time, and repairs or replacements can get really expensive. But once again, a home warranty covers the costs, saving you a lot of money and stress.
The last thing you want to worry about is whether or not your electrical system or plumbing is working properly. If you are experiencing electrical problems, your home warranty will send a technician to diagnose the issue and make any necessary repairs. For example, HomeServe USA offers electrical coverage for both interior and exterior electrical needs
Most home warranty plans require you to pay a small fee for any initial service call. Be sure to read the terms and conditions of any warranty plan before deciding upon one so that there are no surprises if coverage is denied for some reason. Decide what plan is right for you with our TotalProtect Home Warranty review and Choice Home Warranty review.