Why Buy a Home Warranty in USA?


A residential property needs its home systems to work efficiently. A faulty faucet or broken air conditioning system can disrupt daily life. Moreover, they can be expensive to fix. To manage these issues, property owners often resort to home warranty policies. These service contracts cover the cost of repairing critical home systems based on the chosen coverage levels.  

This blog discusses what is known as home warranty in USA and why it is essential. 

  1. What is a Home Warranty?

It is a service contract between a property owner and the warranty-issuing company. Under this contract, the organization agrees to cover the repair or replacement of worn-out home systems due to normal wear and tear. The coverage varies among providers and policies selected by the buyer.

A home warranty in USA includes the cost of fixing broken HVAC, electrical, and plumbing systems. Additionally, it covers dishwasher, clothes washer and dryer repairs, and more.

  1. Home Warranty vs Home Insurance

Home warranty and insurance provide distinct types of financial protection for property owners. Here is a breakdown of their differences:

  • Coverage: Homeowner insurance covers damage to property structure and belongings from unexpected events like fire, theft, or natural disasters. It also includes liability protection against injuries or property damage. Home warranty is a service contract that covers repair or replacement of existing home systems due to normal wear and tear.

  • Cost structure: Property insurance costs involve an annual premium, depending upon home location and valuation. Home warranty costs involve a monthly or yearly fee for the contract.

5 Reasons to Purchase Home Warranty in USA

Here are the top reasons for purchasing a home warranty:

  1. Protection against unexpected repairs: Home warranties cover major appliances and systems. These policies protect owners from high repair or replacement costs due to normal wear and tear.

  2. Convenience: In case of a breakdown, homeowners submit a service request to the company, and the warranty provider takes care of the rest. They arrange qualified professionals for repair and servicing, saving time.

  3. Ideal for Older Homes: Older appliances and systems are more likely to fail due to wear and tear. A warranty can extend their life and provide an affordable fix when they break.

  4. Adds Value to the Property: A comprehensive home warranty adds more value to the property and makes it more attractive to potential buyers. It reassures them that the home system is protected from breakdowns. In some cases, the policy can help sell the property faster at a better price.

  5. Budget-friendly Maintenance: With a home warranty, owners pay a predictable monthly or annual fee and a small service call charge when required. It makes managing a home maintenance budget easier.

Conclusion

A home warranty is an optional service plan for residential systems and appliances. Under this contract, a company agrees to pay for repairing or replacing home appliances and systems due to breakdown.

Elite Home Warranty is a reliable home warranty company in USA with comprehensive coverage plans. Our team can take care of HVAC, plumbing, electrical, and other major systems. For a free price quote, call us at (888) 354-8398 or email contact@elitehw.com.
Location: United States

Comments

Post a Comment

Popular posts from this blog

Elite Home Warranty for Rental Properties: Protecting Landlords and Tenants

Image
Owning and managing rental properties comes with its share of responsibilities and uncertainties. Landlords strive to provide safe and comfortable homes for their tenants, but unexpected maintenance issues can create stress for both parties. This is where a home warranty for rental properties can make a significant difference, offering a practical solution to protect the interests of landlords and tenants alike. The Basics of Home Warranties A home warranty is a service contract that covers the repair or replacement of major appliances, systems, and components in a home. These warranties typically last for a specified period, often one year, and can be renewed annually. While they are commonly associated with homeowners, home warranties are becoming increasingly popular among landlords who want to safeguard their investments and ensure tenant satisfaction. Protecting Landlords' Investments Cost-Effective Maintenance Landlords often face the dilemma of unexpected repair c...
Read more

A Hassle-Free Guide to File a Home Warranty Claim

Image
Owning a home is a rewarding endeavor, but it comes with its fair share of responsibilities. Unexpected appliance breakdowns or system failures can be stressful, not to mention expensive to repair or replace. This is where a home warranty comes to the rescue, providing you with peace of mind and financial protection against these unforeseen events. In this blog post, we'll walk you through the simple steps of filing an Elite home warranty claim , ensuring a hassle-free experience during times of household mishaps. Step 1: Review Your Home Warranty Contract Before you begin the claim process, familiarize yourself with your home warranty contract. This document outlines the terms and conditions of your coverage, including what appliances and systems are included, any exclusions, and the claim procedure. Being informed about your coverage will help you avoid any misunderstandings during the claim process. Step 2: Diagnose the Issue When a covered appliance or system in your ho...
Read more

Elite Home Warranty Services Impacting the Real Estate Market and Property Values

Image
In the world of real estate, property values, and market dynamics are constantly influenced by various factors. One often overlooked yet significant aspect of this equation is the presence of home warranty services. These services offer homeowners peace of mind by providing coverage for the repair or replacement of major home systems and appliances. However, their impact on the real estate market and property values is more profound than one might think. Boosting Buyer Confidence When potential buyers are looking for a new home, they often worry about the potential hidden costs of homeownership. A home warranty can alleviate these concerns by offering coverage for unexpected repairs, which makes the property more appealing to buyers. Knowing that they won't have to bear the full brunt of unexpected expenses, buyers are more likely to make offers on homes with warranties. This increased buyer confidence can lead to a faster sale and potentially a higher selling price. Competit...
Read more