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If your furnace stops working, do you have the $3,000 you will need to buy a new one? What if the pipes in the bathroom begin to leak? Many residents of Maine are finding that coverage by home warranties gives them confidence and peace of mind when dealing with unanticipated homeowner expenses.
Basic home warranty plans usually cover a broad range of household systems and appliances, ranging from electrical to hot water heater. If you also have a well pump or central vacuum that you want to be included in the coverage, an enhanced plan can provide that. When it comes to home repairs, a small amount of money annually has the potential to save you thousands in the long run.
Who should consider home warranties as essential? First-time home buyers don't usually have extra financial resources to take care of unplanned costs, so spending a small amount per year for home protection makes sense. For a person selling a home in a competitive market, providing a home warranty in the package could be the key to making a quick sale. And for owners of older homes, placing appliances and systems under coverage may defray expenses significantly. There are home warranty companies that can meet the needs of every homeowner in Maine.
As an informed consumer, there are several things you should do as you are considering a home warranty. First, know what is covered. Experts recommend choosing at least three different companies and comparing their plans. The basic plan offered by one provider may cover the air conditioning, but not the septic system. A similar plan offered by another company could cover both. Read the coverage provisions and be aware of what each includes before making a decision. Second, understand the limits each home warranty company places on specific systems. Coverage may be limited to a specific dollar amount depending on the system or appliance. Third, you may need to pay for additional coverage if you want things such as your central vacuum or the garage door opener under the warranty. Home systems that are more expensive to repair or replace slightly increase the cost of the warranty. Be informed and understand the coverage your plan provides.
Home warranties may be a great resource to provide financial ease when unexpected expenses occur.
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
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
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
KANSAS CITY, Mo. -- They promise to be there when your appliances go bad, but companies offering home warranties aren't always good. Kristi Smith grabbed a bag of hash browns from her freezer and gave them a good squeeze. "It's like mush," Smith said ...
Published: Wed, 02 May 2018 19:50:00 GMT
Not enough is being done to overhaul Ontario's new-home warranty system, says a group opposed to the monopoly held by Tarion. "Premier (Kathleen) Wynne has publicly stated that "˜the time for monopolies is over,'" said Windsor homeowner Gay Viecelli.
Published: Tue, 24 Apr 2018 15:05:00 GMT
FOLSOM (CBS13) - A home warranty company has been illegally operating in California, a Call Kurtis Investigation has uncovered. Customers up and down the state have complained after being sold policies for years of protection saying Colonial Home ...
Published: Fri, 27 Apr 2018 05:00:00 GMT
As a real estate professional, part of your job is helping your buyers and sellers in any way possible. If you're a great real estate professional, this duty extends long after closing. That's where having an excellent home warranty comes in.
Published: Fri, 23 Feb 2018 21:27:00 GMT
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