Have you every heard of home warranty coverage? If you are a first time home buyer, there is no doubt that you have. But if you are like most people, you just don’t know how to navigate the different options and plans that are out there. And that is where most people just need a little help. The different plans are not hard to understand if you get some one with a little bit of experience to put things into perspective.
Are there many plans that will meet your needs?
If you have just purchased a home, you may have no idea what a home warranty is and what is covered. You can choose plans or programs that cover the larger systems in your home or even your doorbell if you are worried about the little things.
Plans and programs come in all different shapes and sizes. Small plans to cover appliances and larger plans to cover the more complicated systems like a central vacuuming unit can be purchased. For the most part, you will have no trouble finding something that will be satisfactory.
One question that many people have is not knowing exactly what all is covered by a home warranty.
Basically the things that are not covered are pre-existing conditions. Basically if there was a problem with your air conditioner before you bought your warranty, then that item will not be covered. Another common thing that happens is lack of maintenance or abuse. For example, if you do not change out the air filters on your air handler, then that will probably not be covered.
What is the problem with being over insured?
This is probably most common in people who have never owned a home before. The problem comes when the different policies cover the same appliances. Yep its happens to a lot of people and this is just like burning money. If you have purchased an extended warranty on your new fridge, then you don’t need an insurance policy that covers it as well.
Are the different home warranty providers any good? Visit my post for the best info on finding a home warranty.