It’s never good to become too complacent with the insurance coverage on your home, especially if you think you can do better. That goes for any homeowner across the United States, including those living in Phoenix, Arizona.
Like many places across the country, Phoenix residents have access to a good selection of home coverage options, mainly in the form of homeowner’s insurance and home warranties.
Home warranties, in particular, provide extra coverage for homeowners that want their essential home systems and appliances covered. Since homeowner’s insurance policies may not provide coverage for the aforementioned, a home warranty is a much needed supplement to the standard home insurance policy out there.
Since home warranties are, well, that important, it’s important to learn more about what you should look for when you’re shopping for a home warranty. In this short article, we’re going to take a look at some considerations you should make before buying a home warranty.
Considerations to make before buying a home warranty
Did you know that many people have difficulty finding the right home warranty? Many industry experts, in fact, have commented that home warranties often pose a ‘problem’ for many homeowners, whether it comes to not getting enough coverage or dealing with an unreliable company. The following considerations might provide some help to homeowners looking for a home warranty company to assist their needs.
To be honest, all reputable home warranty companies should require an inspection for any home appliances or systems. Why? If the company doesn’t cover pre-existing conditions for the aforementioned, they need to perform an inspection to check if the insured appliance or system is in working order. It also provides protection for the homeowner, as companies aren’t obligated to pay claims on items that aren’t covered by them… due to pre-existing conditions.
Naturally, home warranties do vary what they cover. For example, you can find coverage information on America’s Home Warranty – Phoenix. Most, if not all, home warranty companies in the city will provide coverage for major appliances like stoves/ovens, refrigerators and dishwashers. They may also cover other appliances like washers, dryers, garbage disposals and other ‘built-in’ appliances. Of course, if you have other appliances, check with the company to see if they provide coverage for that particular appliance.
Heating and cooling systems, such as air conditioners and furnaces, are always covered by home warranties. That also includes heat pumps and any associated duct work throughout the home. Portable devices, however, usually aren’t covered.
Plumbing and electrical systems are pretty much required to be covered by home warranties. Many provide enough coverage to protect home electrical panels, drains, pipes and any associated wiring. To get adequate coverage, these systems should be installed according to the local building codes and regulations.
Many people want lower deductibles or payments for their home warranty. Most home warranties are known to cost some where between $250 to $500, depending on the company. Though, you honestly shouldn’t be paying more than $100 on a deductible for a good home warranty.
Always do your research before committing and buying any home warranty, as one warranty that might work for others might not work best for your needs.