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How to Choose a Home Warranty Plan

HOW TO CHOOSE A HOME WARRANTY PLAN

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HOW TO CHOOSE A HOME WARRANTY PLAN

Home Warranty Insurance is different from Homeowners insurance. Home insurance is compulsory whereas the Home Warranty is not compulsory but a recommended choice. Home Warranty provides protection for your HVAC, plumbing and electrical problems. Here are few things you should consider before buying a Home Warranty plan.

1. Items covered – The items covered by a home warranty insurance vary by company and plans. But basically the coverage includes the following items, Heating, ventilation and air conditioning system (HVAC), electrical systems, plumbing system, kitchen appliances, etc.

2. Price – Price of a home warranty varies depending on the company and items covered. Before buying a warranty, do a research, compare pricing, coverage, reviews, quotes and consumer reviews of all major companies. After selecting a company check its ratings. You can check ratings of an insurance company like Homeserve USA rating and find all the details.

3. Make sure its movable – Select a home warranty policy that is movable with the home. That means when you sell your home, the warranty should be passed to the new home owner. This feature gives you a little advantage while negotiating the price for your home.

4. Making a claim – Usually the insurance companies are tied up with different service vendors. They send a service repairman to your home to repair or replace the items. The service vendor will bill your insurance company. Sometimes you may have to pay the service charge to the repairman.