Home Warranty: What You Need to Know

As a homeowner, it's essential to understand what home warranty is and how it can benefit you. A home warranty is a contract between you and an insurance company that covers the repair or replacement of major household appliances and systems when they fail due to normal use or manufacturing defects.

1. A home warranty typically covers repairs and replacements for certain types of products, such as HVAC systems, plumbing fixtures, electrical panels, and appliances like refrigerators, stoves, and dishwashers.
2. Some warranties may also cover maintenance and repair services for other items, including HVAC filters, water heaters, and pool equipment.
3. The benefits of a home warranty include financial protection against costly repairs or replacements, which can help you save money and reduce stress. It's also an excellent way to ensure your home is running efficiently and effectively.

Before purchasing a home warranty, it's essential to research different providers and their coverage options. You should consider factors like the cost of premiums, the types of products covered, and any deductibles or exclusions that may apply.

• A typical home warranty policy includes coverage for parts and labor costs up to a certain amount per year, usually around $1,000-$2,000. Some policies may also offer additional benefits, such as maintenance plans or priority service.
• It's also crucial to understand what is not covered under the warranty, including minor repairs, wear and tear items, and products that are simply being used for their intended purpose (e.g., a lawn mower that just needs oil changes).

To get started with your home warranty, you'll typically need to purchase a policy from an insurance company or provider. You may also be able to negotiate the price with the seller or manufacturer of the item.

If you're considering purchasing a home warranty, it's essential to carefully review the terms and conditions before signing up. Ask questions and seek clarification on any concerns you may have.

Learn more about home warranties at Ridzeal.com