Owning a home is not an easy job as you need to take care of various bills, chores, and maintenance. Most homeowners are least bothered about worrying about their appliance warranties. But, when an important appliance like your water heater breaks down, knowing what your home warranty plan covers would be the best thing to get it fixed quickly and with little or no cost to you.
Since your appliance warranty is the final thing that you consider when something breaks down, so in this article, we are going to discuss what a warranty is and give you some guidance on what it covers and doesn’t.
What is a warranty?
Sometimes, a product’s component or the entire system comes as faulty without any fault of yours. A product warranty is a safety measurement that protects buyers from any costs incurred due to such uncalled repairs. When a brand-new product requires a repair or replacement, a manufacturer's warranty covers the entire costs of repairs or replacement for a specific period mentioned in the agreement. Unlike a product warranty, a manufacturer’s warranty remains active for a year after purchasing a new product. A manufacturer’s warranty covers the cost of the repair or replacement due to natural defects of the product or its part but doesn’t cover the damage due to improper usage or installation. Therefore, you might have understood the fact that warranties come with coverage timeframe, amount, types of parts covered as well as limitations on how the product can be installed and used.
How does a water heater warranty work?
When you buy a new water heater, it comes with a manufacturer’s warranty. In most cases, you need to activate the warranty by registering the unit’s serial number within 30 days of the purchase. If you have purchased, you need to check if the water heater is already covered by a home warranty plan. If your seller doesn’t have the original copy, you can get the information online by using the model, brand, and serial number.
Also, don’t forget to check if the water heater is covered by a home warranty plan. A home warranty plan covers several home appliances even though when their manufacturer's warranties are also over.
How long do water heater warranties last?
Most water heater warranties provide coverage between six to twelve years. The coverage timeline depends on the manufacturer and usage terms. Usually, a water heater lasts between 8 to 23 years. A tankless water heater, on the other hand, can serve you up to 12 years. So, considering the lifespan of a water heater, the coverage timeline of a water heater warranty is determined.
Types of water heater warranties
Three primary types of warranties cover water heaters. Here we are going to tell you about those warranties for water heaters-
Appliance warranty:
This is the basic and initial coverage that you receive from the manufacturer. If the water heater breaks down due to your fault, the appliance warranty may not give you the coverage. Additionally, installation by unlicensed individuals may also cause coverage denial.
Extended warranty coverage:
When a water heater coverage is about to end, you have the option to extend the coverage from the manufacturer. You can extend the coverage for another 1-3 years. Such a warranty assures you that your product is covered for an extended period.
Home warranty plan:
With a home warranty plan, you can cover several or all appliances in your home. A home warranty contract provides additional coverage beyond the manufacturer’s warranty. If anything goes wrong with your water heater due to regular wear and tears, your home warranty company will bear the entire cost of repairing or replacing the faulty component of your water heater.
If you are looking forward to purchasing an excellent home warranty plan that includes your water heater too, look no further than ServicePlus Home Warranty.
