When it come to home warranties, buyers should definitely read the contract carefully to understand coverages, limitations and exclusions. Basic coverage includes plumbing, electrical, heating systems and major appliances. In addition, Californians should understand the state’s regulations for companies that offer coverage. Do your homework. There are many resources and websites for you to research what company fits your homeowner needs.
When you have something in your house break, a leak happens, etc. the first thing you should do is call the company that handles your warranty. The reason is, if you call another company to come fix a leak, for example, and the leak turns out to be a bigger plumbing problem, your home warranty company might refuse to cover it. Use your home warranty company’s reps to fix your home emergency repairs first.
In some cases, you may want to just receive cash. You can ask your home warranty to get the equivalent in cash for the replacement cost for a broken item.
Those big ticket items are a great reminder that your home warranty is worth keeping around. One major repair will pay for itself for years. However, when it comes time to renew, make sure to do your homework. Look at all the options before you decide to continue with your home warranty company.
Go ahead and ask for your home warranty company’s list of contractors. Therefore, you can check them out before calling a contractor out to your home for a repair.
Make sure you are purchasing your warranty from a reputable company. Oftentimes, the contracts are often bought as closing gifts. Therefore, as the new homeowner, you did not actually choose the home warranty company, research the company and carefully evaluate the policy before it was purchased. Before you make an offer on the house, research the home warranty company.
If you are buying a new home and purchase a home warranty plan as part of closing escrow many home warranty companies have a provision to add additional coverage’s within thirty days of plan inception.
Doing a final walk thru is extremely important before you purchase your new home. Make sure you are diligent.