Residential Home Warranty 101
When purchasing a new or older home, many new homeowners do not have extra money saved for such problems as a sudden mechanical breakdown of an appliance or home system. As well, many homeowners are not aware of the exact events covered under their home insurance policy. This is why a residential home warranty from a trusted provider is an ideal to ensure financial protection of one’s essential appliances and systems.
Home Insurance vs. Residential Home Warranty
Homeowners insurance differs from a home warranty. This type of insurance policy covers damage caused by natural or man-made disasters, such as, but not limited to: tornadoes, hurricanes, fires, floods, vandalism, and theft. Home insurance does not protect against appliance and home system failure due to normal wear and tear, mechanical issues, and breakdowns due to age of the unit.
A residential home warranty, or home protection plan, is a service agreement that protects covered home systems and appliances from everyday wear and tear or accidental breakdowns due to age, or mechanical malfunctions. The benefit is it offers protection from high out-of-pocket expenses for repairs or replacements of covered items.
What does a Residential Warranty cover?
A residential warranty plan covers a variety of appliances and systems. Coverage depends on the items selected as a part of the policy. A plan can include, but is not limited to, major appliances such as:
Central air conditioning and heating
Interior electrical
Plumbing
Water heater
Range/Oven/Cooktop
Refrigerator
Dishwasher
Washer and Dryer
Garage door opener
and much more!
A company offering quality residential home warranties will offer add-on coverage for plumbing, interior electrical, water/sewer lines, central heating/cooling, well pumps, as well as electronics protection plans, and more. A trusted and established provider will also offer customisable plans, extended warranties, single unit warranty, electronics package, and bundled plans, at very affordable rates, along with monthly or yearly premiums. Warranty plan costs vary depending on the coverage and options selected. It’s easy to compare plans by getting a free online quote.
How does Service and Repair work?
A reputable warranty provider has a list of pre-screened local technicians to make a repair on-site, or recommend sending the item for repair, or a replacement. When a breakdown does occur of an item covered in the policy, the homeowner calls the home warranty company customer representative, who then arranges for the repair service provider to go to the home and assess the issue. Customer representatives are available 24/7, 365 days.
Peace of Mind
A residential home warranty provides homeowners peace of mind knowing they are protected, particularly when they have both home insurance and a residential home warranty plan. ARW Home aims to provide speedy and efficient service, with their variety of affordable warranty plans, to homeowners across the country. A residential home warranty along with your home insurance is an excellent investment in your home.
