Warranties are a convenient and beneficial way to provide a cushion against unexpected repairs. A warranty policy will guarantee the policies of the warranty company in case you should have a problem with your major appliances. However, would you shell out hundreds of dollars on a warranty plan that covers the dishwasher, only to discover that the warranty company voids your warranty because the dishwasher doesn’t work in the next few days? If not, would you pay high premiums every time your appliances came in for maintenance, or would you shy away from such warranty programs?
With this scenario, the answer is yes. An owner will be put into a spot because the appliances might not function because of routine maintenance. There would be no need to budget for a repairman or paying high premiums. In return, the warranty company will clean the slate and compensate the owner after paying for the warranty work.
You will not have the luxury of such a policy if you bought the house recently. The warranty theoretically should have been carried when the seller bought back the house from the buyer. At that time, the seller was responsible for the parts and services of the warranty. This would be the time where the seller paid for the necessary warranty work.
If you were the buyer, you would have no work but look out for other benefits. If the new homeowner is looking into repairs and home warranty reviews, the buyer will be informed of the packages available to him easily.
So, how do you take advantage of the home warranty assistance? The company will send a company representative to the house during regular inspections. When problems arise during the inspection, the representatives will initiate contact with the owner. They are trained to file for warranty repair. They can also be called in should repairs lead to the loss or damage of the property.
Hence, it is always advisable to check for the warranty within the warranty period. If matters get squabble-free, you might have to pay additional premiums to cover the repairs along with the existing policy. To be on the safe side, you must shop for the policy as soon as the warranty period ends. You might also be eligible for a refund or renegotiation of the policy’s premiums.
One reason many owners are keen on including them in the policy is that it can cover the replacement or repair of a whole house, or something of various sizes and/or functionality. Home warranty programs will cover repairs such as:
- your view
- your base
How do you know if the warranty will cover the work? To be on the safe side, check the warranty policy carefully. Ask questions like “What happens if something breaks during normal use, except normal wear and tear?” “Will there be service fees?” and “What if you bypass a feature because of a defect?”
You might also ask the policyholder about the process. Should you face a repair job, how long will it take to get the work done? Ask them to clarify what to do in case of emergency situations. But remember, many jobs can be completed within a day. Others can take weeks to be ready.
Note: Read the entire policy before buying a house to know if the warranty will cover a repair or legit member of the household not being able to use a feature due to normal wear and tear.
One way is to make sure you do the check online. Ask “What is covered in the warranty?” and see if you are eligible for the coverage. You just have to know if you have unique requests.
If the program provides options, check out the details of your house. Do the check on all appliances that might be covered. Things such as a refrigeration system might not be covered. It is important to know if you are even eligible for a claim.
Note that most companies cover different aspects. For example, an electric garage door opener might be covered in the garage, but not necessarily in the house. Similarly, air conditioning units can be covered by the owner if they are at a cooler below 50 degrees, but they will not cover a floor or have hot water in a cool area. This means checking the warranty policy thoroughly.
These pointers will help you out when you consider checking your warranties:
- Shop around to make sure you are eligible for the program
- Know what is covered