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As a resident of Delaware, perhaps you have a home warranty in place. If so, you have already discovered what thousands of homeowners know; that home warranties have the potential to save a person thousands of dollars.
Home warranties are similar to an insurance policy in that they cover the cost of repair or replacement of appliances and systems in the home if repair or replacement becomes necessary. Some of the items covered in a basic home warranty policy typically include: plumbing systems, range/oven, dishwasher, garbage disposal, water heater, and electrical system components. For homes that have a pool, spa, or central vacuum, enhanced coverage would be recommended to protect those more costly assets. Home warranty companies usually have several plans available, so it is easy to select the one that meets the needs and requirements of your home.
For anyone preparing to purchase a home warranty plan, experts suggest following three basic steps. First, choose several home warranty companies that have received good reviews. Compare their plans to determine which would ensure the proper coverage for your home. Then, assess the limits placed on appliances and home systems. Determine if the limits are reasonable to cover costs in the case of repair or replacement. And finally, be aware of any higher priced assets or home systems that will require additional coverage. Ensure that the plan you select provides adequate protection for everything in your home.
Home warranties can be a valuable investment to long-term homeowners, as they generally have homes that are more than ten years old and the home is beginning to require more maintenance. First-time homebuyers and experienced home buyers alike can also save with a home warranty, as spending a small amount of money on a home warranty could be the decision that brings financial ease, avoiding the excessive costs associated with repair and replacement of appliances and systems. And, sellers of homes may reduce the time their home is on the market, as prospective buyers are often attracted to a home warranty that is already in place.
Regardless of the time of life a homeowner is in, home warranties can save large amounts of money for a very small investment.
Home Warranties In The News
Buying a home can be a wonderful experience, but it can also be pretty stressful. From researching and viewing houses to figuring out if you can even afford the one you want, there seem to be a million things to think about. Once you do get the house of ...
Published: Sat, 19 May 2018 03:15:00 GMT
It's a wonderful feeling when you finally clinch your property deal and realize you have become a homeowner for the very first time. Sometimes seemingly endless weeks or months have gone by, while you jump through lots of administrative hoops, before ...
Published: Mon, 14 May 2018 08:03:00 GMT
Leah has worked for ORHP for over a decade and delivers a wealth of home warranty and real estate industry knowledge to her new position. Gail Stevens was hired as the new Regional Vice President of the Central Southwest Region. Gail brings solid business ...
Published: Tue, 08 May 2018 08:43:00 GMT
2. Choosing your builder Pusateri explains that when choosing a builder, realize that you will be in close contact for up to two years, working together to plan and build your home and also during the warranty period. Make a thoughtful decision in ...
Published: Fri, 18 May 2018 03:00:00 GMT
FREMONT, Calif.--(BUSINESS WIRE)--On May 8, 2018, ASUS updated the terms of its product warranties: Summary of Updates to the ASUS Warranty Information Form We have provided a summary of notable updates to the ASUS Warranty Information Form for the United ...
Published: Sat, 19 May 2018 06:32:00 GMT
DIY or hire a pro: Yes, professionals are pricey, but so are home renovation mistakes. While doing it yourself may be cheaper, quality contractors have the experience, insurance and warranties you don't. The peace of mind professionals provide may be ...
Published: Mon, 21 May 2018 10:11:00 GMT
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