Home Warranty Plans in Knox City

When it comes to home warranty plans, there are three main types: systems plans, appliance plans, and combination plans.

Systems plans cover the major mechanical systems in your home, such as the electrical system, plumbing system, and HVAC system. Appliance plans cover the major appliances in your home, such as the refrigerator, oven, and dishwasher. Combination plans cover both the major systems and appliances in your home.

Which type of plan is right for you? It depends on what you need to cover. If you just want coverage for your major appliances, then an appliance plan may be all you need. But if you want comprehensive coverage for both your appliances and systems, then a combination plan may be a better option.

6 Benefits of Having a Home Warranty Plan

1. Protection for your budget: A home warranty plan can help you manage repair and replacement costs by providing budget-friendly coverage for major home systems and appliances.

2. Convenience: A home warranty plan can take the hassle out of finding qualified contractors to perform covered repairs or replacements, as well as managing the claims process.

3. Enhanced resale value: Buyers typically view homes with home warranty coverage as a reduced risk, which can make your home more attractive to potential buyers and help you fetch a higher price at sale time.

4. Increased satisfaction: In addition to increased convenience and protection for your budget, a home warranty plan can also create peace of mind knowing that you’re covered in the event of a covered breakdown. 

5. Increased coverage: Some home warranty plans offer additional coverage options for an additional fee, such as pools, spas, guest houses, septic systems, and more.

6. Flexibility: Home warranty plans are typically offered with different levels of coverage and term lengths to fit your needs and budget. You can also cancel or transfer your plan if you sell your home.

What’s the Difference Between a Home Warranty and Home Insurance?

Home insurance covers your dwelling and personal property in the event of a covered loss, such as fire or theft. A home warranty, on the other hand, is a service contract that helps pay to repair or replace major home system components and appliances when they break down due to normal wear and tear.

While home insurance is required by most mortgage lenders, a home warranty is optional. But if you’re buying an older home or one with outdated systems and appliances, a home warranty can give you peace of mind knowing that you won’t have to shoulder all of the repairs costs yourself.

Cost of a Home Warranty:

A home warranty costs around $300 to $600 per year, depending on the level of coverage you choose. You can get a basic policy that covers major systems and appliances, or a more comprehensive plan that also covers things like pools, spas, and other features.

How to Purchase a Home Warrant in 5 Steps:

1. Research home warranty companies. Not all home warranty companies are created equal. Some have more comprehensive coverage than others, and some have better customer service records. Do your homework to find the right company for you. 

2. Get quotes from multiple home warranty companies. Once you’ve narrowed down your options, get quotes from each of the companies you’re considering. Be sure to compare apples to apples when doing your research – look at the coverage offered, the deductibles, and any other fees involved.

3. Read the fine print. Home warranties come with a lot of fine print. Make sure you understand everything that’s included (and not included) in your home warranty before you make a purchase. 

4. Choose the home warranty that’s right for you. Once you’ve done your research and compared your options, it’s time to choose the home warranty that best meets your needs. 

5. Purchase your home warranty. Once you’ve selected the home warranty company you want to work with, it’s time to purchase your policy. Be sure to keep your paperwork in a safe place and make a note of the customer service number in case you need to file a claim down the road.

FAQ:

What is a home warranty?

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances.

How much does a home warranty cost?

The average cost of a home warranty is $300 to $600 per year.

What does a home warranty cover?

Home warranties typically cover HVAC systems, plumbing, electrical systems, water heaters, washers and dryers, refrigerators, ovens, dishwashers, and garbage disposals.

Some plans also cover pools, spas, and other outdoor features. Be sure to read the fine print of your contract to see what’s included.