Buying a home is generally the largest purchase that an individual will make.  Costly repairs and replacement of older items that can be found in an existing home are not usually things that a new homeowner wants to deal with.  It can be both expensive and time consuming.  Unfortunately, as a home ages it is bound to have some items that need to be repaired or replaced.  To protect your investment and your sanity when buying a piece of real estate, be sure to investigate home warranty options.  A home warranty provides coverage that a standard hazard insurance policy would not.  Fill in the gaps in your home insurance policy with a home warranty.

Homeowner’s Insurance Policy Coverage vs. Home Warranty

In order to close on a home it is required to have a homeowner’s insurance policy of some sort in place.  The lending company can even require a homeowner to obtain specific coverage levels or endorsements to ensure the risk they are taking on as the lender would be lessened.  Only under rare circumstances would a homeowner get away without having an insurance policy on his home.  It’s simply a must have item.  There are always gaps in coverage that provides the insurance company a way to wiggle out of some responsibility, however.  In order to fill these gaps, particularly in the first year of homeownership, a homeowner can obtain a home warranty to provide coverage where the insurance policy typically ends.  Major appliances and electrical, heating, and plumbing systems would be covered.  The out of pocket expense to obtain a home warranty is negligible, particularly when compared with the coverage it provides.

Manage Unexpected Household Expenses with a Home Warranty

A home warranty can protect you from having to deal with the expenses of repair and replacement items within your home. In fact, it can help you manage those items which will eventually expire in a way that reaches well beyond a standard insurance policy’s provisions.  Usually a home warranty is one year in length and covers major appliances and systems that an insurance policy does not.  A basic warranty would provide coverage for the following items:

• Ductwork
• Central heating
• Air conditioning
• Plumbing systems, stoppages and toilets
• Water heaters
• Electrical systems
• Telephone wiring
• Garage door openers
• Ceiling fans
• Ovens, ranges, cooktops
• Garbage disposal
• Dishwashers

In addition to these items listed here, there are many more systems and appliances that would be covered under the provisions of a home warranty.  Rather than worry about the expenses associated with these items during the first year of homeownership, manage them with the purchase of a home warranty.

When you are buying or selling a home, something to keep in mind is that you might want to find a home warranty Phoenix company to make sure your house is covered. It can be a benefit to the seller of the home because their house could be more marketable with a warranty. It could be a benefit to the buyer as well because they will not have to fork out the cash if some of their appliances start to fail after the purchase of their new home. Whether you are buying or selling a home, there are some things that you might want to keep in mind so that you are able to purchase the best home warranty in Phoenix has to offer.

Things to Consider When Buying Home Warranty in Phoenix

The first thing that you will need to do is find a home warranty Phoenix company. Many warranty companies will go through real estate agents, rather than dealing directly with the local customers. If that is the case, you may want to just talk to your realtor to see if they do business with a certain home warranty company. If they do, they might be able to give you a better idea of what you need to do in order to buy your home warranty. If they have not done regular business with any particular home warranty company, you may want to work together with your realtor to find a good company. Whether by yourself, or with your realtor, you can contact some of the home warranty Phoenix companies that you have found and ask for a list of the coverage programs that they offer. You may want to read over each program to see exactly what each one covers so that you will know what is being covered in your home. There might be different coverage plans for different appliances and systems, which is why you might want to pay good attention to everything on the program. You might want to make a list of the appliances and systems that you want to have covered with your home warranty. If you find a program that covers everything on your list, that will help you to narrow down all the choices. If there are additional items that are covered in a particular plan, you can write those down as well, and that might also help you to find the best program for your home. After you know what you want in your home warranty Phoenix plan and have found some programs that you think might work, you can compare the costs of each home warranty program. You might want to have your realtor go over everything with you so that they can explain things that you may not understand and help you to see the benefits or pitfalls of the programs that you are considering. When you have decided on a home warranty program, you can contact the company and get signed up for the warranty. Before you sign the contract, you may want to make sure that you have read through every last word so that you are sure you are signing up for what you think you are signing up for. As a home seller, this could help you to get your house sold a lot faster. As a home buyer, it could help you to feel confident in the purchase of your home.]]>