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Many first time home-owners in New Mexico are finding that home warranties save them thousands of dollars in repair and replacement costs over an extended period. For example, an air conditioning issue that could cost over $3,000 to fix may cost them less than $500 if they have prior coverage. Or instead of paying full price to fix the water heater, they pay a small service fee and the rest of the cost is covered with their annual premium. Having coverage on their home may be a very wise choice for residents of New Mexico.
Basic home warranties generally cover systems such as heating and electrical system components, plumbing, dishwasher, and garbage disposal, to name just a few. Coverage on the septic system or garage door opener may require an enhanced plan, which home warranty companies also offer.
Three basic steps are recommended before deciding on a home warranty company. First, choose at least three businesses with good reviews, and read up on the services they provide. Each company may offer slightly different coverage on appliances and home systems. Choose the plan that will best serve the features and needs of the home. Second, understand that limits may be placed upon each potential repair. Read the fine print to determine how much the company will pay for costs, and determine if the limits are acceptable for your home's requirements and geographical area. Third, be aware that items that will be more expensive to repair or replace, such as a well pump or central vacuum, may require a more advanced plan. Taking these steps will help to ensure that you purchase the home warranty coverage that will be best for you.
Although being a homeowner can be costly in any state, the coverage offered from home warranties can help reduce the expenses.
Home Warranties In The News
When a homeowner has a broken air conditioner or a foundation problem, a warranty company can be hard to track down and often points to the fine print. Fixd co-founders Evan Myers and Brandon Bohannan ...
Published: Wed, 13 Feb 2019 14:17:00 GMT
HomeAdvisor is getting into the home warranty business after acquiring a Texas startup that makes that experience easier and more on-demand. Angi Homeservices (Nasdaq: ANGI), the combined company made ...
Published: Fri, 08 Feb 2019 05:17:00 GMT
Are you a homeowner We all desire to own our dream home. A peaceful haven away from our hectic lives. A home is the ultimate financial investment and source of accomplishment. After scrimping and sav...
Published: Thu, 07 Feb 2019 15:25:00 GMT
MILWAUKEE - A pair of homeowners purchased home warranties for protection, but said they ended up fighting for coverage. The company in question has thousands of complaints. Dorothy Hopkins ...
Published: Sun, 10 Feb 2019 20:23:00 GMT
National Home Warranty Day is this Sunday, and American Home Shield, which founded the industry more than 45 years ago, is sharing fast facts to help you make the right choice when it comes to choosin...
Published: Fri, 08 Feb 2019 10:49:00 GMT
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