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How Useful is a Home Warranty Plan?

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Taking care of your home takes effort, time, and money. Appliances and major systems such as plumbing and HVAC can break down unexpectedly. This can be devastating to your finances if you do not have a home warranty plan. Well-prepared homeowners have a Georgia home warranty plan to safeguard their finances and here’s why.

Anticipate Expenses

You can estimate what you need to pay out of pocket if you have a good home warranty plan. You won’t have to guess how much you would have to spend on repairs or replacements. The result is better budget planning for your family. A home warranty plan lets you pay only a fixed service fee. Costs for repairs or replacements are covered by the warranty plan.

Choosing a specific type of home warranty involves selecting the amount of TSF (trade service call fee) upon signing up. A higher TSF will give you a lower plan payment. This provides you with even more financial control. It can also help you prepare for unexpected breakdowns in your appliances and home systems.

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Manage Your Time

A home warranty plan can also save you time. In many cases, having an unusable appliance means spending hours on the computer, searching for reputable contractors in your area.

A good home warranty saves you from all this effort. You only have one number to call instead of wasting time looking for the right one. Your home warranty company will contact experienced technicians in your area and send one to you. Some companies can accommodate these service requests 24/7.

More Protection for Your Home

Having homeowner’s insurance is not enough. A home warranty policy can complement this protection. Home warranties can protect major appliances and household systems like heating once they break down due to wear and tear and old age. A homeowner’s insurance does not cover these.

Save Money

A home warranty plan can help you save money and maintain your budget. You will pay only a fixed service fee rate for the repairs or replacement. Depending on the provider, home warranties can also provide discounts on some branded appliances.

A home warranty can be a good money-saving strategy, especially for owners of older or previously owned homes. In these cases, a home warranty can significantly lower expenses related to appliance repair.

What Does a Home Warranty Cover?

You and your home will benefit from a home warranty plan. This warranty can provide protection for major systems and appliances. This gives you peace of mind about sudden breakdowns. A home warranty can also cover items with expired manufacturer’s warranties.

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A home warranty plan can be helpful to most homeowners. The systems and appliances a home warranty can cover are:

Home Appliances

  • Dishwasher
  • Garbage disposal
  • Cooktop, oven, or range
  • Garage door opener
  • Refrigerator (does not include ice maker)
  • Air conditioner (optional)
  • Spa equipment (optional)
  • Pool equipment (optional)
  • Air conditioner (sometimes, this is optional)

Home Systems

  • Heating
  • Electrical
  • Water heater
  • Ductwork
  • Interior plumbing

Keep in mind that it is different from homeowner’s insurance. Homeowner’s insurance provides protection in case of unexpected events like theft, fire, vandalism, wind, or hail.

A home warranty plan can make selling a house easier as well. The home warranty provides assurance to home buyers. For home sellers, the warranty also protects the house while it is still in the listing period. The sellers do not need to spend anything at all if they do not use the home warranty plan. If they do, they will only pay the service fee.

It is only natural to want to protect your house as best as you can. Unfortunately, breakdowns in home appliances and systems can happen at any time. Such incidents can cause stress for homeowners and home sellers. A home warranty plan can ease anxiety for home buyers and sellers and save them time as well.

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