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Some Interesting Facts to Know About Home Warranty Plans

October 10, 2023

Buying a home is not the end of your expenses, rather the home-related costs begin from here. For example, the costs of repairing or replacing broken appliances and systems can put a serious dent in your savings. This is exactly where a home warranty plan comes in as your rescuer as it pays the expenses of repair or replacements of covered appliances and systems.

If you are planning to purchase a home warranty plan, it’s time to know how to save money on this healthy investment-

While purchasing a home warranty policy, here are a few things that you should keep in mind-

Understand the home warranty contract properly:

Every home warranty contract has its limitations. A lot of home warranty contracts do not cover items with pre-existing conditions. Make sure all your covered items are in good condition before the policy kicks in. Also, don’t forget to know about the exclusions of the plan. A home warranty may cover your refrigerator but that doesn’t mean all companies would cover under their standard coverage. Most companies don’t offer coverage for accessory parts like shelves, knobs, etc.

Check your budget:

The home warranty company should offer a plan that suits your budget. Home warranty companies charge a service fee called the deducible for each visit to the home. Usually, the higher premium you play, the lower the deductible is. You should negotiate the premium amount at the time of purchasing the home warranty plan.

Check our special discount offer:

We offer excellent discounts to your customers. You can avail of those discount offers by purchasing a plan with a yearly premium.

Mistakes to avoid when purchasing a home warranty plan-

All homes do not come with the home warranty plan:

A lot of homeowners still think that a home always comes with a warranty plan but that’s not true. If your builder doesn’t provide you with a home warranty plan, you have to purchase it from a renowned company.

Do routine home inspection:

Run home inspections before purchasing a home warranty plan as most companies don’t offer coverage for the items with any pre-existing conditions.

Choosing the wrong plan: 

The market has got overflooded with a lot of home warranty plans and choosing the right home warranty plan is not a very easy job. It’s important to choose a plan that meets most of your requirements.

So now that you know about the crucial home warranty facts, it’s time to make the right investment by purchasing ServicePlus Home Warranty plan.