All You Need To Know About Home Appliance Warranty Companies And Services

Wondering if you should opt for appliance warranty service if you already have a homeowner’s insurance? Well, it is actually smart to have both, as they cover you against different expenses. 

If you are a thoughtful homebuyer, you would want to invest in the right insurances and other plans that protect against high and unexpected expenses. Among the various types of plans that you may opt for, home warranties deserve a special mention. Various leading home appliance warranty companies offer flexible and comprehensive plans. You can always shop around for the most suitable option for your home. Purchasing a good home warranty plan can provide you with a much-needed protection against major expenses. 

What is a home warranty?
A home warranty is basically a service contract that works in a manner somewhat similar to an insurance. The contract covers the expenses of repairing and maintaining household systems and appliances for a set period of time. The home warranty companies usually work together with home service providers like electrical and plumbing contractors. 

How do appliance warranty services differ from a home insurance?
Individuals often confuse home insurance and home warranty as the same thing as they sound similar. However, the two types of coverage are actually quite different from each other. A home insurance protects you by covering the damage or loss of the property itself, particularly in case of a fire or certain other disasters. A home warranty, on the other hand, focuses on the functionality of different appliances and systems in your home. 

What does a home warranty cover?
The coverage of a home warranty would depend on the terms of the contract. Ideally, a home warranty company should offer you multiple plans to choose from. Some of the systems and appliances that home warranty plans usually cover are:

• HVAC systems
• Electricals
• Plumbing
• Refrigerators
• Stoves
• Water heaters
• Dryers
• Swimming pools and more.

Hence, the right home warranty plan can provide you with surprisingly comprehensive coverage for a wide range of systems. However, as the plans are flexible, you need not pay for the services that you don’t need. 

Should you purchase a home warranty?
A home warranty is beneficial to almost every homeowner. It is particularly useful if the property is not a new one. When the systems have already undergone use for some time, the chances of them breaking down are higher. A home warranty plan is especially important if information regarding the appliances and the systems is unavailable. While the warranty would come at a cost, it is certainly worth purchasing the coverage rather than facing the uncertainties. 

How does a home warranty work?
In case a system or an appliance in your home that has a home warranty coverage break down, you may contact the warranty provider. The warranty company would then request one of its partnered home service providers to check out the system and assess the damage. They would provide a report with information regarding the potential causes behind the damage. The warranty company would then consider your claim and either approve or decline it. If the contract covers the damage, the warranty company would get the partnered provider to carry out the repair or the replacement. 

What are the benefits of home warranty plans?
Home warranties have been gaining popularity in recent times, which clearly indicates that it has multiple selling points. A good home warranty plan comes with a variety of benefits, such as:

• Not all homeowners have emergency funds saved up for major repairs and replacements. In such a case, a home warranty would act as a buffer by covering all or some part of the expenses. 
• Finding a reliable company for the services necessary to fix the damaged system can be difficult. A home warranty plan would save you the trouble of looking for a good service provider as the top warranty companies work with leading service contractors. 
• A home warranty plan is simply much more cost-effective than repairing or replacing expensive systems and components. Investing in the right plan can help you save a significant amount of money. 

How to pick the right provider for appliance warranty services?
Considering the importance of the warranty for a homeowner, it is only logical to choose the best company for it. Some of the key factors that can help you choose the right provider are:

• Flexibility
• Comprehensive plans
• Complete transparency
• Customer-friendliness
• Reputation

Taking all factors into consideration, investing in appliance warranty services is certainly worth it. Spending some effort into finding the right home warranty service provider can really pay off in times of need.