5 Reasons to Get a Home Warranty for Your Washer and Dryer
When a major appliance like your washer and dryer breaks down, it can be a big financial burden. Home warranties are a way to protect yourself against those unexpected costs.
Home warranty companies offer a network of professional service contractors and provide an easy claims process. You may be asking, “Do home warranties cover plumbing?” Every company has different coverages under their policies but what remains the same is the benefit of purchasing one in the first place. Here are 5 reasons why a home warranty may be worth the investment for you: 1. It’s a Peace of Mind.
- It’s a Peace of Mind
A home warranty offers financial protection for appliances and systems that break down from normal use. You should compare the cost and coverage limits of different providers to find a plan that meets your needs.
The home warranty company will generally send a service provider to your home to diagnose the problem and determine whether the appliance can be repaired. If it can’t, the warranty company may offer a replacement.
Home warranty companies typically choose the contractor or repair technician that comes to your home, so you won’t have a say in which one is used. You should also be aware that the home warranty company may not pay if an appliance is damaged by a contractor during a repair visit. You can reduce the risk by hiring contractors who have a good reputation and by keeping up with routine maintenance.
- It’s a Savings
A home warranty is an affordable alternative to paying out of pocket for unexpected appliance repair and replacement costs. In most cases, a warranty will cover a part or system that breaks due to normal wear and tear.
Once you submit a service request, the home warranty company will dispatch a professional contractor to diagnose and repair your broken item for a service fee. Some warranty companies choose the contractor, while others allow you to select your own.
Warranty cost is an additional cost and may seem like a lot of money, it’s much cheaper than the price you would pay out of pocket to replace your washer and dryer or other broken items.
- It’s a Safety Net
Home warranties are a financial buffer in case something big breaks. They can also extend manufacturer’s warranties on appliances and systems after they expire.
When a system or appliance goes down, you file a service request with the home warranty company and they send a contractor to your house. The contractor diagnoses the problem and either repairs it or replaces it.
You’ll pay a small service fee for this. It can seem like a lot of money to fork over, but when you compare it to the cost of paying to repair or replace appliances and systems without the coverage, it becomes clear that a home warranty is worth it.
Especially if you get one with a clear contract, so there are no surprises when it comes to terms, conditions, and exclusions.
- It’s a Reputation
Home warranties are prone to misrepresentation from salespeople. Be sure to carefully read contracts and look at the home warranty company’s ratings on BBB.
When an appliance or system breaks down, you contact the home warranty company, which will dispatch a service provider to evaluate the problem and make repairs. Some plans cover only the cost of parts; others include labor as well.
Many homeowners find that the peace of mind that comes with a home warranty is worth it. For the price of a few dollars per month, you can have the assurance that your appliances and systems will be repaired or replaced when they break down. Home sellers can also benefit from offering a home warranty as an incentive to prospective buyers.
- It’s a Time-Saving
The deductibles and service fees associated with home warranty companies add up quickly. Having one can save you time and money by making it easier to budget for system or appliance breakdowns.
With a home warranty, you can file a claim with the provider and pay a set Service Fee for them to send a professional contractor to your house to address the issue. Many companies even have their own network of contractors, which can also save you the time of searching for someone yourself.
Home warranties offer value and peace of mind to millions of homeowners. They are worth the investment, especially if you live in an older home where systems and appliances are more likely to break down. Make sure to carefully assess your specific needs and choose a plan that is right for you.