Types of Home Warranties in Bonham

There are three main types of home warranties: appliance plans, system plans, and combination plans.

1. Appliance Plans: These plans cover the repair or replacement costs of common household appliances, such as refrigerators, dishwashers, and ovens. 

2. System Plans: These plans cover the repair or replacement costs of common home systems, such as HVAC systems, plumbing, and electrical systems.

3. Combination Plans: These plans combine both appliance and system coverage into one plan.

How to Buy a Home Warranty in 4 Steps 

1. Research different home warranty companies. Compare coverage, price, and reviews to find the best fit for your needs. 

2. Get quotes from multiple home warranty companies. Make sure to compare apples to apples when comparing coverage.

3. Read the fine print. Pay attention to exclusions and limitations so you know what is and isn’t covered under your plan.

4. Choose the home warranty plan that’s right for you and your budget. Be sure to shop around and compare plans before making a final decision.

6 Benefits of a Home Warranty

When it comes to home maintenance and repairs, many homeowners find themselves feeling stressed and overwhelmed. Not only do you have to keep up with regular cleaning and upkeep, but you also have to budget for the occasional repair or replacement. Home warranties can help take some of the stress out of owning a home by providing protection for your major systems and appliances. Here are six benefits of having a home warranty:

1. Peace of mind: One of the biggest benefits of a home warranty is the peace of mind it can provide. Knowing that your major systems and appliances are covered can help you relax and enjoy your home, rather than worrying about what might break next.

2. Budgeting: Home warranties can help you budget for repairs and replacements by giving you a set monthly fee. This can help you avoid the financial surprises that can come with unexpected repairs.

3. Convenience: Home warranty companies often have a network of pre-screened contractors that they work with. This can save you the time and hassle of finding a reputable contractor on your own.

4. Flexibility: Some home warranty companies offer different levels of coverage, so you can choose the level of protection that best fits your needs.

5. Negotiating power: In some cases, having a home warranty can give you negotiating power when selling your home. Buyers may be more likely to purchase a home that comes with a home warranty.

6. peace of mind: Home warranties can provide peace of mind, knowing that your major systems and appliances are covered. This can help you relax and enjoy your home, rather than worrying about what might break next.

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

Home insurance covers your home and belongings in the event of damage or loss due to events such as fire, theft, or weather. Home insurance does not cover the cost of repairs or replacements for appliances or systems. A home warranty, on the other hand, covers the cost of repairs or replacements for items such as appliances, heating and cooling systems, and plumbing. Home warranties typically do not cover pre-existing damage or regular maintenance.

Cost of a Home Warranty in Bonham

The cost of a home warranty varies depending on the type of coverage you choose, the length of the policy, and the deductible. Home warranty plans typically range from $250 to $600 per year. Some companies offer discounts for multi-year contracts or for bundling with other services.

Frequently Asked Questions

Are home warranties worth it?

Home warranties can be valuable protection against the costs of unexpected repairs or replacements. However, it’s important to read the fine print and compare plans before purchasing to make sure you’re getting the coverage you need.

What should you look for when buying a home warranty?

When shopping for a home warranty, be sure to compare coverage, price, and reviews. You’ll also want to read the fine print to make sure you understand what is and isn’t covered under the plan.

What is the average cost of a home warranty?

Home warranty plans typically range from $250 to $600 per year. Some companies offer discounts for multi-year contracts or for bundling with other services.

What is not covered by a home warranty?

Most home warranty plans do not cover pre-existing damage or regular maintenance. Be sure to read the terms and conditions of your plan to understand what is and isn’t covered.

How do I file a claim with my home warranty company?

If you need to file a claim, contact your home warranty company and let them know the details of the issue. The company will then send a service technician to assess the situation and determine if it is covered under your plan.