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Blog courtesy of Michael Longsdon
Do You Really Need A Home Warranty?
Are the appliances and systems ready for middle school? Are you on a tight budget? Are you not handy?
Ask yourself, do you feel comfortable doing this?
If the answer is no, maybe a warranty isn't a bad idea! This is one of the many covered items in a one-year home warranty for your brand-new home purchase.
Having a home warranty doesn’t mean a homeowner will never have to spend a dime on home repairs. Purchasing a home warranty can help alleviate some of the financial burden new homeowners face when a major appliance or home system goes out. A warranty is designed to cover items that are in good working condition upon occupancy, and then fail due to normal wear and tear.
In today’s fast paced market, a home warranty is important for a homeowner who doesn’t have an emergency fund or wants to reserve it for other things. A warranty can also be helpful for people who have just depleted their savings to buy a home and want to avoid any additional major expenses.
Your first winter in your house, you can be sitting in your home like an eskimo, or rely on a warranty to ease those possible issues. Read more
For home sellers, offering the buyer a paid one year home warranty with the purchase may provide a measure of protection against buyer complaints about problems that arise after the sale closes and within that first year
Expectations – home warranty vs home owners insurance? A home warranty is not an insurance policy, but rather a service contract that helps pay the cost of repair or replacement of covered items, such as major kitchen appliances, as well as electrical, plumbing, heating and air condition systems. A home warranty should be considered when a home inspection reveals that several of the home’s appliances and systems are nearing their lifespan. A warranty does not cover windows, doors or other structural features.
Blog written by Marlene Campini @ Old Republic Home Protection