Warranty plans are a great way to keep your home safe and secure by ensuring that any major repairs or replacements will be covered. But what exactly does a typical home warranty cover? In this article, we’ll take a look at five things you ought to know about having one.
1. The most important thing you need to know is that a standard plan will cater to system and appliance coverage and anything related to them. This includes the HVAC systems coverage, electrical wiring, plumbing, and many others. The coverage is usually available for one or two years, depending on the contract you have with your provider.
2. Keep in mind that a home warranty may not cover certain things. For instance, if something was broken because of negligence or carelessness on your part (or as a result of some abuse), such as leaving doors open after heavy use causing the air conditioning unit to malfunction – chances are good this won’t be fixed either. Also, any damage caused by natural disasters will not be repaired under those conditions.
3. A home warranty usually covers significant repairs and replacements. If you need to get your air conditioner checked or serviced, it’ll be up to you (and sometimes at an additional cost) to take care of the details. However, if a broken air conditioning unit needs replacement, this type of repair would probably be covered by your policy.
4. While understanding what a typical home warranty covers is critical, it is also necessary to know what things are not included in the coverage. It is understood that a number of household systems and appliances are covered, but some items that are usually excluded would be: structural issues, walls, paint, flooring, foundations, etc. The list of items not covered is not limited to just these so before you sign up for a plan, make sure you are clear about what repairs you can claim.
5. Finally, always keep in mind that your home warranty is a contract. This means that you must abide by the provider’s rules and regulations. If you don’t, there’s a good chance that they will not honor any claims that may arise in the future.
As you can see, there are many advantages to having a home warranty policy in place. By knowing what to expect, you can make an informed decision about what type of coverage is right for your home.