12/08/2021
A home warranty is NOT the same thing as home insurance. So what is it? And is it worth it? I’m breaking it down below 👇
🗝 Home warranties are designed to protect your home’s appliances and systems from breakdowns caused by normal wear and tear for a set period of time, unlike homeowners insurance, which pays for damages and loss caused by unexpected events such as fire and weather damage.
🗝 What does it cover? Major appliances, like water heaters, stoves, and refrigerators. It may also include systems such as HVAC, plumbing, and electrical.
Make sure you read the fine print of your plan so you know what’s covered and what isn’t!
What are the pros?
✅ Peace of mind for those purchasing a home with used appliances and older systems
✅ Convenience: there’s no need to spend time researching dozens of repair technicians
✅ No DIY skills or tools needed
✅ Relatively inexpensive to purchase
What are the cons?
❌ Set coverage limits per repair or per year
❌ You have to pay a service call fees every time an incident happens
❌ Claims can be denied if an item has not been properly maintained
❌ Less Control: home warranty companies determine whether to fix or replace a system
❌ You might never use it
So, do you need one? It depends on the home you’re buying and your appliances. If it’s a new home or the appliances are brand new, you’ll most likely be covered by warranties already and may not need the extra protection.
Let me answer any questions you have……Send me a DM. let’s chat!
Is a home warranty really worth it? Here are some pros and cons so you can decide for yourself.
Pros: 👍
✔️Peace of Mind
✔️Convenience
✔️Save Money in the long run
Cons: 👎
❌Service Call Fees
❌Fine Print
❌ High out of Pocket Costs
❌Less Control
Do you have a home warranty? If so, I’d love to hear your pros & cons.
Let me know in the comments below. 👇👇