What Do You Get With A Home Warranty

Dated: 10/25/2019

Views: 292

Image title

By now, you’ve likely seen the ads, gotten the emails and maybe even hung up on a few robocalls going on and on about the benefits of a home warranty. Are they actually worth getting, though? Let’s take a closer look at home warranties and what they really have to offer. This will help you to decide if a home warranty is right for you or if it would just be a waste of your money.

What Is a Home Warranty?

First of all, just what is a home warranty? This is an important question, because many people don’t actually know what a home warranty is for. A common assumption is that a home warranty is like some version of homeowners’ insurance, perhaps offering short-term coverage after closing on a home. While the timing aspect is pretty close, a home warranty is actually significantly different than a homeowners’ insurance policy. Instead, a home warranty covers certain things within the home to allow for their replacement in case they break soon after buying the property.

What Does a Home Warranty Include?

The specifics of what a home warranty covers can vary a bit depending on the specific home warranty plan you purchase. In general, though, home warranties are designed to cover major systems and appliances within the home. When you’re buying a home, your home warranty will have you covered if something like the refrigerator or water heater breaks down a few months after you move in. In most cases, major systems such as plumbing and HVAC are covered as well. The policy functions like most standard warranties, allowing you to get needed repairs or replacements while the warranty is still in effect.

What’s Not Covered?

Unless it’s specifically mentioned in your home warranty, general home repairs or other maintenance are not included in the warranty. This means that something like a broken window, a weak spot in the floor or peeling paint would have to be repaired as an out-of-pocket expense if they aren’t covered under your homeowners’ insurance. The home warranty is designed to cover only your new home’s appliances and major systems.

How Long Do Home Warranties Last?

Again, the term of a home warranty depends on the specific warranty policy you take out. One of the most common warranty periods is one year, giving you a full year’s worth of peace of mind after you take out the policy. Depending on your needs, however, you may be able to get a home warranty for shorter or longer periods as well.

Can You Add Extra Services?

Depending on the home warranty provider you choose, there may be add-ons that you can include with your warranty service for an additional cost. These can include things like swimming pool maintenance and repair, well maintenance and expanded services such as maintenance tune-ups for your HVAC system. Some providers even use add-ons to create customizable warranty plans, offering up a basic general plan and then expanding it to meet your needs by letting you add only the features you want.

Do You Need a Home Warranty?

Whether you actually need a home warranty or not is kind of a big question. The answer depends on a lot of factors including the age of the home that you’re buying, the amount of coverage you get from your homeowners’ insurance and even what you have in the house that would be covered by the home warranty. The price of the warranty plan should also be a consideration, since this can vary by several hundred dollars depending on the provider and the amount of coverage included. The right home warranty can be a good buy, but it’s worth looking at the cost and coverage to make sure the plan is actually what you need.

Solid Home Warranty Advice

Whether you’re in the market for a home warranty or still on the fence, HomeKeepr can hook you up with someone who can answer all of your questions. Sign up for a free HomeKeepr account to get connected today!


Contact a GroupWatson Agent TODAY for Professional Advice & Expert Direction.

~Experience the GroupWatson Difference~

Call or Email Today!
972.370.1775|BuyOrSell@GroupWatson.com

*GROUPWATSON'S FEATURED LISTING OF THE WEEK*

12416 Buffalo Gap Dr. Mckinney TX 75071


Image title


Blog author image

Scott Watson

Scott and Tammy Watson are the Owners and Team Leads for GroupWatson, Keller Williams. With 53 years of combined real estate experience, a "Client First Philosophy" is exemplified by providing excepti....

Latest Blog Posts

Tips For Bringing A Pro Into Your Bubble

While everyone is home trying to stay healthy, there are a lot of people who have taken to trying to do things around the house on their own. This has helped homeowners keep busy when they have

Read More

How To Support Non Essential Home Pros

There has been a lot of focus in recent weeks on “essential” workers in our economy. In most places, this includes at least portions of the construction industry as well as a few other types of

Read More

Is Now A Good Time To Buy

With social distancing being an important part of life at the moment and so many parts of the economy suffering the effects of state lockdowns, some are worried about how all of this will affect the

Read More

Property Tax Protest Tips

Texas property tax appraisal notices are hitting mailboxes all over the state this time of year. Some counties have already mailed them out, while others plan to do so in the next couple of weeks.

Read More