6 Benefits of a Home Warranty in Breckenridge, Texas

As a homebuyer, you want to protect your investment. A home warranty is one way to do that. This type of warranty covers the repair or replacement of major systems and appliances in your home.

A home warranty in Breckenridge, Texas can give you peace of mind knowing that your home is covered. Here are six benefits of having a home warranty:

1. Save money on repairs: With a home warranty, you don’t have to pay for covered repairs or replacements. The warranty company will pay for them. This can save you hundreds or even thousands of dollars over time.

2. Get help when you need it: If something goes wrong with a covered item, you can call the warranty company for help. They will send a qualified technician to your home to fix the problem. 

3. Choose your own repair company: With some home warranty companies, you can choose your own repair company. This means you can pick a company that you trust and that you know will do a good job.

4. Get discounts on future purchases: Some home warranty companies offer discounts on future purchases, such as appliances or home repairs. This can save you even more money in the long run. 

5. Protect your home’s value: By keeping your home in good repair, you can protect its value. This is important if you ever want to sell your home or take out a home equity loan.

6. Peace of mind: Knowing that your home is covered by a home warranty can give you peace of mind. This way, you can relax and enjoy your home, knowing that help is just a phone call away if something goes wrong.

What is the Difference Between a Home Warranty and Home Insurance?

A home warranty is different from home insurance in a few ways. First, home insurance covers your home in the event of damages from natural disasters or accidents. It does not cover repairs or replacements of major systems and appliances. Home warranties, on the other hand, do cover these items.

Second, home insurance is required by law if you have a mortgage on your home. Home warranties are not required, but they can be a good idea if you want to protect your investment.

Lastly, home insurance premiums are based on the value of your home. Home warranty premiums are usually much lower, and you pay them every year whether you use the coverage or not.

Why is Buying a Home Warranty Worth it? 

There are many reasons why buying a home warranty is worth it. First, as we mentioned before, it can save you money on repairs and replacements. Second, it can give you peace of mind knowing that your home is covered. Third, it can protect your home’s value. fourth, some home warranty companies offer discounts on future purchases. Lastly, having a home warranty is one less thing for you to worry about.

How Much Does a Home Warranty Cost?

The cost of a home warranty varies depending on the company and the coverage you choose. However, most home warranty plans start at around $350 per year. For this price, you usually get coverage for one or two major systems and appliances. You can also add on additional coverage for an additional cost.

How Do I Choose a Home Warranty Company?

There are many home warranty companies to choose from. When picking a company, it’s important to do your research. Read reviews, compare prices, and ask for recommendations from friends or family members who have purchased a home warranty before. Once you’ve narrowed down your choices, make sure to read the fine print so you know what’s covered and what’s not.

The Different Types of Home Warranty Options

There are two main types of home warranty coverage: basic and comprehensive. Basic coverage usually includes major systems like air conditioning, heating, and plumbing. Comprehensive coverage includes these items plus appliances like refrigerators, dishwashers, and washing machines. Some companies also offer “custom” plans that let you choose which items you want to be covered.

Most home warranty companies offer different levels of coverage, so you can choose the plan that best fits your needs. For example, some plans may only cover repairs while others may cover replacements as well. Make sure to compare the different plans before you make a decision.

FAQs

1. What is a home warranty? 

A home warranty is a service contract that covers repairs or replacements of major systems and appliances in your home.

2. Do I need a home warranty?

Home warranties are not required, but they can be a good idea if you want to protect your investment.

3. How do I choose a home warranty company?

When picking a company, it’s important to do your research. Read reviews, compare prices, and ask for recommendations from friends or family members who have purchased a home warranty before. Once you’ve narrowed down your choices, make sure to read the fine print so you know what’s covered and what’s not.

4. What does a home warranty cover?

Home warranties typically cover major systems and appliances in your home. However, coverage varies depending on the company and the plan you choose.

5. How long does a home warranty last? 

Most home warranties last for one year, but some companies offer multi-year plans.

6. What is not covered by a home warranty?

Home warranties typically do not cover normal wear and tear, cosmetic damages, or pre-existing conditions. Additionally, some companies exclude certain items from their plans altogether