A guide to home warranties and their long term benefits


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When you buy a home, even if it’s not brand new, there’s a good chance you’ll get a home warranty as a safety net against expensive and unexpected repairs. The purpose of a home warranty is to protect the buyer from paying for this type of maintenance.

While this may seem like a good form of financial protection, one has to question whether it provides the safety net that homeowners expect. In this article, we are going to go through each element of a home warranty.

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How long is a home warranty?

A typical home warranty is only good for a year, but some warranties can last three years for each coverage term. As these extended service warranty agreements expire, you often have the opportunity to renew your coverage without it affecting your life in any way. As such, you don’t have to worry about anything breaking while the policy is in force.

As long as you are satisfied with the benefits of the coverage in your home warranty, there is no reason why your policy should ever end.

What does a home warranty include?

“What does a home warranty cover?” many people wonder. Home warranties are designed to work in combination with your existing home owner’s insurance.

Most warranty contracts will cover the main systems in your home, although this can vary depending on the service provider and the type of cover you buy. This consists of your water heater, as well as heating and cooling systems, electrical systems and plumbing.

In most cases, extra coverage can be purchased as an add-on for further options. You can get coverage for a variety of home appliances, including washers and dryers, stoves, and more. Whether you have a pool, spa, or hot tub, you may be able to find coverage options for it. Another common addition is covering septic tanks.

Warranties will only cover things that were in working order when purchased, and they do not cover anything that has been damaged due to inappropriate use.

Are home warranties tax deductible?

If you purchase a home warranty for your primary residence, the cost of the warranty is not deductible on your federal tax return. The same can be said for homeowners insurance.

On the other hand, if you run a business out of your home, you may be eligible for discounts on your home warranty. Additionally, if the home is rented out, the homeowner can deduct the cost of the home warranty from their taxes.

How are home warranties and insurance different?

Most of the damage covered by a home warranty is caused by the normal wear and tear of many important appliances and systems.

Homeowners insurance, on the other hand, pays to fix the home and its belongings if they are damaged by perils covered by the policy.

What are the main benefits of a home warranty?

“Are home warranties worth it?” some might think. There are several benefits to getting a home warranty; Keeping your peace of mind is undoubtedly one of the most important. That’s why we’ve compiled a list of the benefits of a home warranty that you should be aware of.

· They protect budget

Obtaining a home warranty can help you save a lot of money. This facilitates budget planning as you do not have to account for probable disasters. Although you will pay up front, you will save a lot in the long run.

A warranty protects your investment against unexpected, expensive repairs and replacements. Home warranties come with a variety of programs and no waiting period. Your home warranty should serve as an emergency fund.

· Time is everything

Buying a home warranty saves you time. When the problem arises, you will spend time looking for a competent and reliable professional to solve problems at your home.

A home warranty is in place that covers everything described above. When you contact your home warranty provider, they will send a technician to your home. This is a great comfort for those of you who are short on time.

· Service calls are unlimited

There are several reasons why you might want to start a service request. The following are some cases of these problems: strange noises are coming from your refrigerator, and you have no idea what is going on; your toilet has become clogged, and you have no idea how to fix it; your water heater broke while you were in the middle of a shower; your basement has flooded for no apparent reason, and you suspect a gas leak and many other problems.

A warranty allows you to make an unlimited number of service calls in each of these cases. Since you can call your service provider an endless number of times, you will never have to worry about whether someone will come to help you with the problems you are experiencing right now.

· Peace of mind

Once all is said and done, knowing that your property is covered will put you at ease and give you a sense of security. When you have a home warranty, you can relax knowing that any expensive repairs, such as repairing a broken dishwasher or heating system, will be handled by the provider. Relax and enjoy your time at home without always worrying about what could go wrong next.

If you have a home warranty and something breaks in your home, you just call the company, and they will send someone to your home to fix it. It’s as simple as that!

· Safety

You want to make sure your home is safe, especially when it comes to its gas and electrical systems. Your home warranty covers these and other safety features of your home, as well as safety equipment such as smoke alarms and carbon monoxide detectors.

If any of these safety features fail, a technician will be sent to your home as part of a home warranty to help you repair the problem.

You can be guaranteed that safety is a top priority for home warranty companies, which means you can feel some relaxation knowing that your safety is in excellent hands.

Did this help you decide if a home warranty is for you? Perhaps you’ve learned more about home warranties to help you next time you move home. Let me know in the comments below

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