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Know How to Make The Best Out of Your Home Warranty Plan

March 15, 2023

A home warranty plan can help you save costs related to home appliances and system breakdowns. Repairs or replacement costs of critical appliances and systems are an expensive affair. Unfortunately, many people don’t understand a home warranty plan and how to use it.


In this article, we are going to tell you how to make the best use of your home warranty plan. We have included a short list of things-


What is a home warranty plan?

A home warranty is an annual or monthly service contract that protects homeowners from unexpected costs associated with the upkeep and maintenance of their homes. A home warranty plan covers the home systems like electrical, plumbing, and HVAC and appliances like refrigerators, ovens, washers, dryers, etc.


Brand-new homes often come with a home warranty plan that you can extend after one year as home warranty plans are renewable. But if it’s an older home, you might need to purchase a home warranty plan.


What do home warranty plans cover?

Coverages from home warranty plans vary from company to company and the prices vary. The average cost of a home warranty plan is around $600.


Usually, most home warranty plans cover the following items-

  • Interior plumbing
  • HVAC system
  • Electrical systems
  • Interior ductwork
  • Appliances like a dishwasher, washer and dryer, oven/stove, refrigerator, indoor or outdoor pool or spa and garbage disposal

How to get the most use of your home warranty plan?

You can only make the best use of your home warranty plan if you know how it works-


Shop around for different policies:

Home warranty companies have different plans, so it’s important to keep shopping around before choosing a company. You should examine the coverage very well and know. Know what exactly is covered for each home appliance and system?


Understand the terms of your home warranty contract:

You should review the home warranty contract carefully before signing the dotted line. The contract includes all the inclusions and exclusions of your home warranty plan. This way, you will be able to know what to expect from your home warranty plan. Also, you will have to pay a small fee to the repair professional when he comes for the inspection. This fee is called the deductible; usually, this amount ranges between $30 to $60, but you can negotiate the amount when purchasing the plan.


Ask if you can hire your repair person:

Many home warranty plans allow you to hire your repair service provider. If you already have your service provider's contact, don’t shy about telling your home warranty service provider.


If you plan to purchase a home warranty plan, you have just come to the right place. We, ServicePlus Home Warranty, have plans that suit your unique budget requirement.