Types of Home Warranty Company Plans in Pharr, Texas

There are three types of home warranty plans available in Pharr, Texas: systems, appliances, and combination plans.

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

Which type of plan is right for you depends on what type of coverage you need and what you can afford. To get the best value, it is important to compare several different home warranty companies before choosing a plan.

Cost of a Home Warranty:

A home warranty is a service contract that covers the repair or replacement of major home systems and appliances. The average cost of a home warranty is $300 to $600 per year. Home warranties can be purchased as standalone contracts or as part of a real estate transaction. Standalone contracts are typically more expensive than those offered by real estate companies.

How to Purchase a Home Warrant in 5 Steps:

Home warranties are insurance policies that cover the repair or replacement of home systems and appliances.

1. Choose the right home warranty company: There are many home warranty companies to choose from, so be sure to do your research before selecting one. Compare coverage plans and prices to find the best fit for your needs.

2. Select the coverage plan that’s right for you: Home warranty coverage plans vary, so it’s important to select one that covers the systems and appliances you want. Be sure to read the fine print and understand what is and isn’t covered under each plan.

3. Get a quote: Once you’ve selected a home warranty company and coverage plan, get a quote. This will give you an estimate of the cost of the coverage.

4. Purchase the home warranty: Once you’ve decided on a home warranty company and coverage plan, you can purchase the policy. Be sure to keep your policy in a safe place and make a note of the expiration date.

5. File a claim: If one of your covered appliances or systems breaks down, simply file a claim with your home warranty company. A service technician will be dispatched to your home to make the necessary repairs or replacements.

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

Home insurance protects your home and belongings from damage caused by events that are out of your control, like fires, storms, and vandalism. A home warranty, on the other hand, protects your home from damage caused by normal wear and tear.

If you’re not sure which one you need, or if you need both, here’s a quick rundown of the difference between home insurance and a home warranty:

Home Insurance

 Home insurance covers unexpected damage to your home and belongings. It typically includes protection from events like fires, storms, theft, and vandalism. Most mortgage lenders require you to have home insurance in place before they’ll give you a loan.

A typical home insurance policy will cover the following:

The structure of your home

Your personal belongings

Additional living expenses if your home is uninhabitable due to damage

Liability protection in case someone is injured on your property

Home insurance does not cover damage caused by normal wear and tear. So, if your water heater breaks down or your furnace needs to be replaced, you’ll need to pay for those repairs yourself. Some home insurance policies will offer optional coverage for certain types of appliances, like washers and dryers, but this coverage is typically limited.

Home Warranty 

A home warranty is a service contract that covers the repair or replacement of major appliances and systems in your home. Unlike home insurance, a home warranty protects against damage caused by normal wear and tear.

Most home warranty companies will cover the following:

Major appliances, like refrigerators, ovens, and dishwashers

HVAC systems, like furnaces and air conditioners

Plumbing systems

Electrical systems

Some home warranty companies will also offer optional coverage for items like swimming pools, hot tubs, washers and dryers, and additional living expenses if your home is uninhabitable due to damage.

Which One Do You Need?

The answer to this question depends on a number of factors. If you have an older home, or if your appliances and systems are starting to show their age, a home warranty may be a good idea. On the other hand, if your home and belongings are in good condition, you may not need a home warranty.

Of course, the best way to decide if you need a home warranty or home insurance (or both) is to speak with a qualified agent. He or she can help you understand your risks and determine which type of coverage is right for you.

4 Benefits of Having a Home Warranty Plan

1. You’ll save money on home repairs.

A home warranty plan can save you hundreds or even thousands of dollars on covered repairs. For example, if your air conditioner breaks down, a home warranty company will pay for the repairs (up to the limit of your plan). This can be a huge savings, especially if you have an older home with outdated or damaged appliances.

2. You’ll have peace of mind.

When you have a home warranty plan, you’ll know that covered repairs are taken care of. This can give you peace of mind and help you relax, knowing that unexpected repair bills won’t ruin your budget.

3. You’ll get discounts on future purchases.

Many home warranty companies offer discounts on future purchases, such as appliances or home insurance. This can save you money down the road and help you keep your home in top shape.

4. You’ll have access to 24/7 customer service.

Home warranty companies usually have 24/7 customer service, so you can always reach someone if you have a problem. This is convenient and can give you peace of mind, knowing that someone is always there to help if something goes wrong.

Frequently Asked Questions

What Specific Items Are Covered?

Home Warranties typically cover a range of Home systems and appliances, including air conditioning and heating systems, water heaters, electrical systems, plumbing lines, garage door openers, refrigerators, dishwashers, washers and dryers, ovens and stoves, and exterior audio/visual components. Home Warranty plans are often customizable depending on the Home owner’s specific needs.

It is important to thoroughly read through a Home Warranty agreement to determine exactly what Home systems and appliances are covered and any limits or exclusions that may apply. Home Warranties can help to provide peace of mind and financial protection in the event of Home system or appliance breakdowns.