What Can Owners Expect From a Home Warranty

By  //  January 27, 2022

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When buying a new or existing home, buyers need adequate coverage to ensure that all systems are protected effectively. A home warranty is an extraordinary product that owners can purchase to get discounted rates for repairs, new installations, and maintenance tasks. Home warranty companies provide the warranties for annual premiums based on what systems are added to the coverage. 

A home warranty company presents several packages for the property owners, and with the coverage, the owner never pays full price for any of the services. With the warranty, the homeowner gets access to high-quality products and services, and the warranty company screens all service providers before setting up any services.  

Electrical, Plumbing, and HVAC

When starting a home warranty, the owner begins by adding the most critical systems in the home. The electrical, plumbing, and HVAC systems must meet all building codes and safety regulations.

The owner needs services to maintain the systems each year, and the cost of the maintenance tasks often becomes too overwhelming for the owner. With a home warranty, the property owner won’t face the full cost of the maintenance or repair expenses. 

If either of the systems becomes outdated or requires replacement, the homeowner contacts the warranty company to set up the new installations. The service providers offer access to incredible repair and installation companies, and the warranty covers a percentage of the price. Homeowners can get started on choosing a home warranty by contacting a provider now. 

Fixtures that Connect to the Systems

Any fixtures that connect to the electrical, plumbing, or HVAC systems are covered under the home warranty. Among the installations that are included in the coverage are the dishwasher, refrigerator, microwave, garbage disposal, stove, oven, garage door opener, ceiling fans, washer, and dryer. 

When managing the HVAC systems, the service providers offer options for repairing, cleaning, and maintaining connections to the heating, cooling, and ventilation installations. The ductwork, thermostat, and all working parts for the systems are covered each year through the warranty.

If any of these connecting installations become damaged or fail to work, the owner gets new installations at a discounted rate with their warranty. If the installations came with a product warranty, the owner maintains the additional coverage based on the selected term.  

Exterior Structures and Designs

Property owners add exterior structures to the home warranty once the service providers install the products. The warranty covers an outdoor kitchen, a swimming pool, or a hot tub installed on the primary property.

If the homeowner adds any of these structures onto a connecting property, the home warranty for the second property covers the new products. If the homeowner decides to build a guest home, pool house, or an additional property on their land, a new warranty gives the owner maximum coverage for the new home and all the fixtures. 

Do You Have to Choose Only the Available Packages?

No, property owners have access to standard home warranty packages, or the home warranty company can create a customized warranty that meets all the owner’s needs. The company adds all installations and fixtures the owner needs to protect in the contract. The owner has the chance to update and change the list of products that are covered or add more items at a later time.  

The best home warranty company provides a quote for each package of interest to give the owner the most affordable choice. The owner can review different customized plans or start off with a basic plan based on what the individual could afford.  

Roofing and Pest Control Options

Some home warranties offer protection for roofing maintenance, repairs, and new installations, and the property owner gets more discounts on the products when services are required. The property owner can review the contract to determine if the service provider gives the owner access to pest control services for the property, too. Each of the services is a must for the homeowners and prevents circumstances that lead to excessive expenses for the owner. 

A damaged roof increases the risk of property damage throughout the home, and even a simple leak leads to water in the ceiling, walls, and under the flooring. By getting repairs faster, the owner mitigates not only the risk of damage, but mold won’t develop and spread from one room to the next. 

With access to discounted pest control, the owner reduces the risk of pest infestations that cause property damage and present serious health risks for the owner, the family, and their pets.  

Transferring the Home Warranty

If the owner is moving to a new home, the home warranty company transfers the coverage to the new property. The buyer can review the installations in their next property and make adjustments to the coverage based on what installations are in the new space.  

Selling the Home Warranty to A Buyer

If the owner doesn’t want to transfer the warranty, the seller can add the home warranty coverage to the sales contract for the buyer. If the buyer wants the warranty, the warranty company sets up the warranty for the new owner and collects the premiums according to the current owner’s schedule.  

When Should You Expand the Warranty?

A property owner should expand their home warranty at any time that new installations are connected to the electrical, plumbing, or HVAC systems. By increasing the coverage, the owner gets adequate protection for the new products and affords repairs, maintenance, and new installations as needed.   

Home warranties offer ample protection for a variety of installations in the home, including the most critical systems. The electrical, plumbing, and HVAC systems must adhere to building codes and safety regulations, and if there is an issue with the products, the owner needs fast repairs or a new installation. 

With the right warranty package, the owner saves money on repair services and any new products the owner needs. If the owner builds new structures on the property, the products are added to the warranty to get coverage. By reviewing everything the owner needs in the warranty, the customer can choose the best plan available through the home warranty company.