Home Warranty

WHAT is a Home Warranty

Home warranty coverage, also known as an extended home warranty, extended warranty plan, or extended service contract, is an additional level of protection you can purchase to extend the coverage of your existing home warranty. These extended plans typically offer more years of coverage beyond the standard term of your original warranty. We have listed some key points to help you understand extended home warranties.

1. Extended Coverage Period: Home warranty plans usually extend beyond your existing home warranty for an additional period of time. This extension can vary in duration, typically ranging from one to several years.

2. Renewal Options: In some cases, you may have the option to renew your extended warranty coverage when it expires. This allows you to maintain protection for an extended period.

3. Coverage Types: Extended coverage plans can provide protection for various aspects of your home, including structural components, systems (e.g., HVAC, plumbing), and appliances. The specific items covered will depend on the terms and conditions of the home warranty.

4. Cost: The cost of home warranty coverage varies depending on factors such as the provider, the coverage duration, and the items covered. Extended warranties typically involve a premium payment.

5. Transferability: Some extended warranties are transferable to new homeowners if you decide to sell your home during the coverage period. This can be an attractive feature when selling your property.

6. Claims Process: Like standard home warranties, extended warranty plans have a claims process that homeowners must follow to request repairs or replacements of covered items. Understanding how to initiate a claim and what is required is important.

7. Exclusions and Limitations: Be aware of any exclusions or limitations that may apply to extended coverage. Certain pre-existing conditions or specific types of damage may not be covered.

8. Provider Reputation: Research and choose a reputable home warranty provider for your extended coverage. Look for providers with a strong track record in customer service and claims processing.

9. Review the Contract: Carefully review the terms and conditions of the extended warranty contract to understand what is covered, what is not covered, and any conditions or requirements.

WHY a Home Warranty

1. Peace of Mind: A home warranty can provide peace of mind by extending the coverage of essential systems and appliances in your home. Knowing you have protection for potential repairs or replacements can reduce stress and unexpected expenses.

2. Extended Protection: If your standard home warranty is about to expire or if you want to continue coverage beyond the initial term, an extended warranty can be an option. This can be particularly valuable if you have older appliances or systems that may be more prone to breakdowns.

3. Budget Predictability: With an extended home warranty, you can have a more predictable budget for home maintenance and repairs. Instead of facing unexpected, potentially high repair bills, you’ll pay a known premium for extended coverage.

4. Transferability: Some extended warranties are transferable to new homeowners if you sell your home during the extended coverage period. This can make your home more attractive to potential buyers.

5. Savings on Repairs: If you have a home warranty and an issue arises, you can typically request service at a reduced cost (the service fee or deductible) or sometimes even for free, depending on the warranty terms. This can save you money on repair or replacement costs.

6. Convenience: Home warranty providers often have a network of qualified service technicians, making it easier to arrange for repairs when issues occur. This can save you time and effort compared to finding and vetting contractors on your own.

WHO Offers a Home Warranty

1. American Home Shield (AHS): AHS is another widely recognized provider that offers a variety of home warranty plans. They cover a broad spectrum of systems and appliances and allow customers to choose the items they want to include in their coverage.

2. First American Home Warranty: First American offers a Basic and Premier Plan with optional add-ons. They have a vast network of contractors and are known for their prompt service.

3. Old Republic Home Protection: Old Republic offers several plans, including systems and appliance coverage. They also have a good reputation for customer service.

4. Choice Home Warranty: Choice Home Warranty offers a Basic Plan and a Total Plan. They provide coverage for both systems and appliances and have a large network of service technicians nationwide.

5. 2-10 Home Buyers Warranty: This is one of the most well-known home warranty providers, offering a comprehensive range of warranty options, including structural coverage, systems coverage, and appliance coverage. They have a good reputation for customer service and have been in the industry for over 40 years.

6. Home Warranty of America (HWA): HWA offers customizable plans and has been in business for over 20 years. They provide coverage for systems, appliances, and optional add-ons like pool and spa coverage.

7. Select Home Warranty: Select Home Warranty offers three main plans: Bronze Care, Gold Care, and Platinum Care. They also provide a wide array of coverage options for additional items.

8. Cinch Home Services: Cinch offers both home warranties and home insurance. They have a reputation for straightforward coverage and fast service.

Extended home warranty coverage can provide peace of mind by extending the protection of your home’s critical systems and appliances. It can be particularly useful if you want to maintain coverage beyond the initial warranty period or if you have concerns about future repair costs.

Before purchasing home warranty coverage, assess your needs and budget and compare options from different providers. Consider factors such as the cost, the length of coverage, and the specific items covered to choose the extended warranty plan that best suits your requirements.