By Platinum Team October 23, 2012

What To Look For When Shopping Around For A Home Warranty

Do you own a home? Are you looking to own a home? If so, you may want to consider purchasing a home warranty protection plan. Home warranty plans cover the normal wear and tear of appliances and systems that are properly maintained. If one of your home appliances or systems breaks down, your warranty should cover the repair or replacement cost of the appliance or system. So, what are some things you should look for when you are shopping for home warranty coverage?

One thing to look for when shopping for a home warranty is the appliances and systems that are covered. There are probably certain appliances and systems you want covered under your home warranty protection plan. Speak to representatives of different home warranty companies. Tell them which appliances and systems you want covered and ask them for a plan that will best fit your needs. Some appliances and systems that are typically covered are water heaters, dishwashers, refrigerators, plumbing systems, heating systems, air conditioning systems, electrical systems, and even your doorbell.

Another thing to look for when shopping for a home warranty is the cost of the warranty. What are the premiums? Do you pay them monthly or yearly? Will the price rise after the first year? If an appliance or systems breaks down and needs to be repaired or replaced, will you be responsible for any of the cost? If so, how much will you pay? These are all questions that are good to ask when trying to figure out the cost of a home warranty protection plan. Some home warranty companies will give you a quote on-line. Or you can call a representative of the company and he or she can answer your questions. Get multiple quotes from different companies. This will help you better determine which company and plan will best fit into your financial plan.

When shopping for a home warranty plan, make sure that you ask about the terms and conditions of the plans you are looking at. You will want to know what is covered (or not covered), how far the coverage extends, what fees you will need to pay, and the cost to renew. Read everything carefully before you accept the plan. You want to make sure you know what you are paying for in your home warranty protection plan.

Last of all, when shopping for a home warranty, make sure that you know how your plan works. You want to make sure that the process is simple and uncomplicated. For example, it may look something like this: When an appliance or system breaks down, you call the home warranty company. They call a service provider. The service provided then calls you to set up an appointment. The service provider will come and fix your appliance or system. If the appliance or system is irreparable, the service provider will inform the home warranty company. You may pay a fee for the repair or replacement, which is determined by the terms of your home warranty protection plan.
Shopping for a home warranty does not have to be difficult. By following the tips outlined above, you can have the assurance that you will be able to choose the home warranty plan that best meets your needs.