This article aims to address common misconceptions people have about home warranties. By understanding these misconceptions, you can make an informed decision when purchasing a warranty.
Home warranties are not exclusive to high-end homes. Many homeowners purchase warranties for their standard homes, and it's often more cost-effective than replacing costly appliances or systems.
Most home warranties cover minor repairs as well. However, the specific coverage may vary depending on the provider and plan you choose. It's essential to review your policy before making a purchase.
No, home warranties are not mandatory. While some homeowners may choose to purchase one as a precautionary measure, it's not required by law. Always review your policy terms before making a decision.
Most home warranties cover more than just major appliances. Common areas that may be covered include plumbing, electrical systems, and HVAC units. Check your policy to understand what's included.
Home warranties can vary significantly in cost. While it's true that some plans may seem expensive at first, many homeowners find they're more budget-friendly than replacing costly appliances or systems.
Home warranties are not limited to new homes. Many providers offer warranties for existing homes, and you can purchase one even if your home is old or worn out.
Most home warranties cover more than just major downtime. Many plans include coverage for routine maintenance, repairs, and even minor emergencies like leaky faucets or clogged drains.
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