Homeowners purchase home warranties to get coverage for critical systems in their properties. The installations include systems such as HVAC and electrical systems. They can also add appliances to their warranty and get coverage for the products.
Homeowners will need more information about the warranties such as the annual premiums and what they need to do when they need help. Frequently asked questions offer homeowners a guide to home warranties and their coverage. Property owners can find the answers they need and make sound choices about protecting their home and vital installations.
What Appliances Are Covered?
The major appliances that are covered by the home warranty include stoves, ovens, refrigerators, hot water heaters, and even garbage disposals. If it is installed in the home and connects to the electrical system, the appliance can be added to the home warranty.
The home warranty doesn’t impose any restrictions on the age of the appliance, and the homeowner gets coverage for any appliances they want to add to the warranty. Property owners can learn more at 2-10 HBW about home warranties.
Who Sets Up Repairs and Replacements?
The home warranty company sets up all the repairs and replacement services for the homeowners. Whenever the property owner needs repairs or replacement services, they contact the home warranty company via phone or online to file a claim.
The homeowner provides details to the home warranty company about the system that is failing to operate as expected. After the claim is filed, the homeowner can sign into their online account and monitor the claim. The home warranty company updates the information once an appointment is scheduled, and they receive the service provider’s estimate.
Are Services Covered Completely?
No, services are not covered completely by the home warranty. The purpose of the home warranty is to cover a percentage of the cost of the repairs and replacements. The homeowner doesn’t receive free services, and they will have to pay a portion of the costs. Home warranty companies provide information about the homeowner’s part of the costs through the claim.
How Are Home Warranties Different from Homeowner’s Insurance?
A homeowner’s insurance policy is used to protect the homeowner’s investment. It covers property damage that happens because of covered events such as fires and natural disasters. The policy doesn’t pay for systems such as electrical or plumbing installations. It won’t replace the HVAC because it failed unless the failure was caused by the covered event directly.
In comparison, the home warranty won’t cover roofing damage, but the homeowner’s insurance policy will cover the roof if it is damaged because of a fire, storm, or natural disaster. Home warranties provide discounts for repairs and replacement services for vital installation throughout the home. Homeowner’s insurance protects the home.
What Type of Coverage Do They Have for HVAC Systems?
The HVAC systems are covered under a home warranty, and the coverage prevents the homeowner from facing excessive costs if they have to replace the systems or get repairs. For example, the average cost of a central heating and air unit is around $7,000.
The average homeowner doesn’t have the disposable income to cover the full cost of the new installation. If they purchase a home warranty, the property owner will get a discount on the new unit and have a better chance of paying for the HVAC system.
Can Homeowners Cover Exterior Installations?
Yes, the homeowner can get coverage for the exterior installations through a home warranty. The most common exterior installations are swimming pools, jacuzzis, and pool houses. Homeowners can either get a separate home warranty for these installations or add them to the existing warranty. The homeowner reviews the plans to determine if the installations qualify for coverage under the home warranty.
After the homeowner sets up their home warranty, they can contact the home warranty for assistance when any of the covered systems need repairs or replacements. The service provider inspects and evaluates the installation, and they provide an estimate for the services. Once the estimate is available, the home warranty company calculates the full cost for the homeowner.
Does the Coverage Extend to Septic Tanks?
Yes, property owners can get coverage for their septic tank, and it will help them pay for expenses related to the septic tank. As homeowners know, the septic tank can experience issues over time. For example, if the sewage lines become clogged the wastewater can flow back into the property. If the septic tank becomes cracked, the wastewater could flow onto the property and contaminate the water supply.
This places the homeowner, their family, and surrounding neighbors at risk. By purchasing a home warranty and adding the septic tank to the coverage, the homeowner gets assistance if they need repairs or replacement services.
Is Coverage Available for Pool or Guest Houses?
Property owners can add new installations such as a pool or guest house to their home warranty. The restriction for these construction projects is that the property must measure 750 square feet and smaller.
The property owner cannot build a separate home that is larger than the primary home and still get protection through the home warranty. The home warranty company will want to know the details and dimensions of the new property. If the property exceeds the limitations, the property owner will have to rely on the homeowner’s insurance policy only.
Homeowners evaluate the opportunity to get protection through a home warranty. The home warranty company provides discounts on repairs and replacements for vital installations throughout the property. The property owner pays an annual premium for the warranty, and the cost of the warranty is based on the total installations added to the warranty and the square footage of the property.
The home warranty gives the property owner coverage for systems that are necessary for everyday life. This includes the electrical, plumbing, and the HVAC systems, and the property owner won’t have to worry about serious financial losses if systems fail. Property owners can increase their warranty coverage by adding specific installations in their homes.