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7 Crucial Tips on Buying Home Protection Plan

July 15, 2021

With the overwhelming number of home warranty plans available in the US market, it can be a daunting experience to find a legitimate home protection or home warranty plan. The truth is that the market is flooded with so many home warranty scam traps. Every new home protection companies come into the market in the same way that home warranty companies die out. To make your life as a home owner less complicated, we have researched and created home warranty tips so that you can purchase the best home protection plan.

Know how to choose the right home warranty policy:

1. Use a home warranty calculator:

Before you buy a home  warranty policy, you need to decide whether you really need one.  Use a home maintenance calculator and check the estimated cost of maintaining your appliances and systems and compare it with the home warranty plan that you are planning to purchase.

2. Talk to friends, family members and acquaintances:

Talk to people  who already bought home warranty plans for your home. You can talk to your friends, family, neighbor, colleague, etc. Ask them to give you some recommendations. Which companies they have been using and what their has been like throughout the time.

3. Do your own research:

Make a list of home protection plans that you are interested and have been suggested to you. You’ll find a lot of online sites that provide unbiased reviews on different types of home protection plans. You can use filter based on the deductibles, number of reviews and different other parameters.

4. Have free quotes from different companies:

Once you narrow down the list of the companies, you need to find the total amount of annual premium. You can easily get an idea about the quotation from companies by submitting your zip code and email address. You can also call a home protection company and get a quote from them.

5. Items covered:

Different home warranty companies offer different types of plans. You need to decide whether you need a home  protection policy that only covers your home systems or home appliances or covers both. The range of home appliances covered by one home warranty plan often differs from other home protection companies. Some popular home warranty plans also cover jetted bathtub, while others cover the basic home appliances.

6. Deductibles:

The deductibles or service call charges usually differ from plan to plan. The service charge usually range between $50 to $125 depending on the plan that you choose at the time of buying. Usually it works this way-higher the yearly premium, the lower deductible you can have. You should consider your budget seriously at the time of purchasing a home warranty policy.

7. Average turn around time:

When you talk to a customer service representative, ask them the exact turn around time for the service to be completed or dispatched. Ask them how much time it will take you to get the item repaired or replaced after you make an appointment.

At the end of the day, it’s your hard-earned money that really matters. Choose a home protection plan wisely and make the best use of it.