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Home Warranties questions, answered by experts

Most home warranty companies will accept either monthly payments throughout your contract term or a one-time payment upfront that covers all monthly payments for the entire contract. In most cases, paying for the home warranty contract in full up front will mean paying less in the long run, as most providers offer a discount for full-contract payments. Keep in mind that, in either case, you’ll still likely have some costs throughout the life of your coverage, like paying service fees for each service call you make and paying repair and replacement costs after you reach your coverage limits.

Many homeowners find that a home warranty is well worth the investment. Home warranties are like small insurance policies for individual items in your home, including appliances and home systems. Home warranty coverage can mean the difference between paying a few hundred dollars for repairs or replacements every time something breaks down in your home and paying a flat rate of $85 to $125 per visit for a service fee. If you have an older home or are buying or selling one, a home warranty is likely worthwhile and could save you money.

Most manufacturers’ warranties do not cover wind damage to roof shingles, but some companies include a wind warranty rider in their warranty offer. You can purchase this rider to protect yourself, your wallet, and your roof from any damage that might occur from wind. Be sure to read all the fine print and understand any limitations of the warranty.

Home warranties are not a necessity, but they’re great for providing peace of mind, even if you already have homeowner’s insurance. A traditional insurance policy usually only covers disasters, like a tree falling into your home, fires, floods, theft, and major vandalism. A home warranty covers individual items, including breakdowns and damage from wear and tear and old age. Unlike with insurance, a home warranty might cover a refrigerator repair or the replacement cost of an oven. Many homeowners find a home warranty is great to have alongside insurance for total coverage.

In most cases, appliance warranties do not transfer to new owners. However, some exceptions apply. To check the status of your appliance warranty and whether you can transfer it when you move, review the terms and conditions of your warranties or consult your home warranty service. When purchasing a new appliance or one from a previous owner, be sure to pay attention to its warranty status, including the type of coverage and any exclusions.

The Craig, AK homeowners’ guide to home warranties

From average costs to expert advice, get all the answers you need to get your job done.

  • Mother cooking with her daughter

    If you’re looking to add a level of protection to your home’s appliances and systems (like plumbing), you may be considering purchasing a home warranty. Keep reading to learn about the various pros and cons associated with common home warranty plans.

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