No matter how much effort you put into maintaining your home, the reality is that sooner or later, a key appliance or major system will wear out. When that happens, the choice of how to handle repairs is yours. Many homeowners turn to home warranty benefits as a reliable solution to manage these unexpected expenses caused by normal wear and tear.
In the past, we’ve briefly touched on the benefits of home warranty while answering the question of whether they’re worth it. However, to be an informed buyer, you should know the exact advantages you get by having a warranty.
But, really quick… what does a home warranty do?
If you’re not sure what a home warranty is, that’s totally fine! We all have to start somewhere. (Feel free to move on to the next section if you already know.)
Table of Contents
What does a Home Warranty mean, and how does it work?
If you’re not sure what a home warranty is, that’s totally fine! We all have to start somewhere. (Feel free to move on to the next section if you already know.)
In its simplest terms, a home warranty is a protection plan that covers the costs of repair and replacement for properly maintained home systems and appliances.
In short, if something goes wrong with your dishwasher, HVAC system, plumbing, refrigerator, or other covered items, your home warranty provider has it handled.
When there’s an issue, all you need to do is submit a claim. Your home warranty company will connect you with a contractor, cover repair and replacement costs, and manage everything from there. You just need to cover your annual costs and a small fee for each claim on the day of service.
Still, feel like you need a bit more info? Learn what a home warranty covers and how it works.
Home Warranty Benefits to Simply Your Homeownership
We all know how costly repairs can be, but with a home warranty, you can protect yourself from those expensive surprises. Let’s explore how it can make homeownership stress-free.
Year-Round Coverage
The standard home warranty term lasts one year. That’s 365 days of coverage from the effective date of your service contract.
This means you’re protected throughout all seasons. If your heating system kicks out in the winter, you’re covered. If your air conditioning fails you during the summer, you’re covered. You don’t have to worry about if or when, so long as you have a home warranty plan.
Affordable Repairs & Replacement
As mentioned earlier, home warranty service will take on the cost of repair or replacement for select home systems and appliances. All you need to cover is your annual payment and a minor service call fee.
Depending on the issue, you could be looking at massive savings.
-
- Air conditioners, including central air systems, are essential in many regions, with an average repair cost of $350. Replacements will run much higher at $5,500 on average.
- Heating systems can total $350 to repair, on average, with replacements running upwards of $4,500.
- Plumbing system repairs may run an average of $300 per incident, with the average system replacement falling around $3,500.
- Washing machines are major appliances that have an average repair cost of $285, typically falling around $650 to replace.
And these are just a few examples. Ultimately, the costs of these repairs or replacements will tend to be far more expensive than your annual home warranty and day-of-service service fee, leading to big savings in the event of an issue.
To learn more, reach us at 800-670-8931 today or click below for a free quote!
Minimal Investment
A home warranty offers peace of mind with a minimal investment, ensuring your home is protected from unexpected repair costs. With Select Home Warranty, you have the flexibility to choose only the coverage that fits your needs.
Every home is unique, and a well-designed plan allows you to include essential protections like coverage for your garage door opener, built-in microwave, septic system, and more. This way, you’re only paying for what benefits you—without unnecessary extras.
Curious about additional home warranty benefits? Here are a few more things most people don’t know a home warranty can cover.
Massive Time Savings
We all know how tiresome it can be to find the right technician for any home repair. Fortunately, when you have a home warranty, you’re tapped into a network of vetted, reliable technicians and specialists who are ready to fulfill your claim.
No need to waste time scouring Google, Yelp, or Houzz for someone to come out and charge you just to quote the out-of-pocket costs you’ll be spending on a repair or replacement. If you have a home warranty through SHW, we’ll connect you with the best local technician for the job, covering parts, repair, and replacement costs wherever that coverage is needed.
What distinguishes a home warranty from home insurance?
If you have home insurance in place, you might be thinking what is the need for a home warranty. Well, there is, and the answer lies in the type of protection each offers!
Home insurance protects you from the unexpected—major events like fires, theft, or damage caused by natural disasters. These incidents are, but when they occur, they can lead to significant expenses. This is why insurance premiums may increase if you live in an area prone to flooding or severe weather.
In contrast, a home warranty covers the things you’re far more likely to face—like your fridge breaking down or your plumbing acting up. These are normal wear-and-tear issues that come with the everyday use of your home’s systems and appliances. A home warranty makes these common occurrences easier to manage, saving you time, money, and frustration.
Home insurance safeguards your home from unpredictable, major disasters. Whereas a home warranty covers the smaller, more frequent issues with your home appliances or systems that arise from everyday wear and tear.
Key Factors to Consider When Picking a Home Warranty Plan
To make a wise decision, it’s necessary that you carefully review the key aspects of your plan. A thoughtfully selected warranty ensures you have reliable support when needed most.
Evaluate the Cost vs. Benefits
When considering a home warranty, weigh the cost of the plan, including service fees, against the potential savings on repairs or replacements. Estimate how often you might need coverage to determine if the plan offers good value for your needs.
Consider Repair Timelines
Home warranty claims may involve waiting for technician availability, repairs, or parts, which can delay the resolution of issues. Review the service agreement and typical response times to ensure they align with your expectations for timely repairs.
Understand Coverage Limits and Exclusions
Home warranty plans often come with specific coverage caps and exclusions for certain repairs or replacements. Reviewing these details can help you avoid surprises and ensure the plan aligns with your needs.
Your Quote with Select is Completely Free!
Now that you know the home warranty benefits, it’s time to purchase a home warranty!
To get set up with the perfect plan for you, start with a free quote. Our experts can then help you figure out exactly the right coverage for your home and get you protected ASAP.
