3 Reasons You Should Consider A Home Warranty

You have probably heard of home warranty insurance, but you may not have given it much thought since you already have homeowners' insurance. Unlike homeowners' insurance, a home warranty is 100 percent optional. However, if you are looking for ways to save money this year, you may want to consider investing in a home warranty. While it is true that you will be paying out of your pocket for the warranty, it can help you save money in certain situations. Here are three reasons you should consider investing in a home warranty.

1. Your Home Has Older Systems and/or Appliances

Do you ever find yourself crossing your fingers and toes and holding your breath that your air conditioner, stove or refrigerator will make it through the season or until you get that bonus at work and can afford to purchase a new one? With a home warranty, you can have peace of mind knowing that there is a backup plan if an unexpected breakdown occurs.

A home warranty will cover repair and/or replacement costs for the items listed in your warranty contract. In exchange for this service, you will pay a monthly (or sometimes annual) fee. Depending on the exact terms, you may be required to pay a pre-determined, fixed service fee for a service technician.

2. You Are Considering Selling or Purchasing a Home

There are many instances when a home warranty is involved in the sale or purchase of a home. Home warranties benefit a seller because buyers find the contracts attractive since they instill confidence in their purchase. As a buyer, you won't have to worry about dealing with unexpected repairs and associated costs as you are settling in your next home.

3. You Hate Looking for Reputable Contractors

More often than not, when something breaks down in your home, it is at the utmost inconvenient time. You reach out to your friends and family, as well as the internet, to find a reputable and professional contractor. It is always recommended to compare estimates from three or four contractors, which takes time and, sometimes, money. This can all be rather frustrating when you need to get the problem fixed.

Luckily, a home warranty takes the hassle out of all of that. When something fails in your home, such as your washing machine or your HVAC system, you will call the home warranty company. Then, they will put you in touch with an experienced, reputable service technician.

For more information, contact a local home warranty company like America's Preferred Home Warranty