Home Warranties
You may wonder: what’s covered with a home warranty? This depends on the home warranty company the contract is through, as well as which plan is purchased. Most companies have different levels of plans. However, on a basic level, most home warranties cover similar things.
How does it work?
* If a home system or appliance breaks down or stops working, you call the home warranty company.
* Your home warranty company will call a service provider it has a business arrangement with.
* The service provider will call you to make an appointment.
* The service provider will fix the problem. If an appliance or system is malfunctioning and can’t be repaired, depending on your contract coverage, your home warranty company will pay to replace and install the appliance.
* You will pay a small trade service fee (usually less than $100).
* What’s not covered? Check your specific policy, but in general: * Outdoor items such as sprinklers * Faucets *Washers, dryers and garage door openers *Spas and pools, unless specific coverage requested * Plumbing and gas lines on the exterior of the home.
* What can cause a denial of a claim? * Improper maintenance * Unusual wear and tear * Improper installation
* General coverage includes: * Air conditioning * Dishwashers * Doorbells * Furnace/heating systems * Water heaters * Ductwork * Garbage disposals * Inside plumbing stoppages * Ceiling fans * Electrical systems * Range and oven * HVAC.
Make sure to get the most out of your home warranty by reading the contract and knowing what to expect in addition to what will be covered and what won’t with a home warranty contract.