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Should you buy a home guarantee 2020 + saving tips

" Should I buy a home warranty ?" is a question that many homeowners, especially new ones, ask.

Sometimes sellers offer home guarantees as a benefit to sales.

But what should you do if you do not already have a home warranty or if the seller does not offer you one?

  should I buy a home warranty

How do you know if a home warranty is worth the cost?

In this post today, we will go through some facts, as well as the pros and cons of a home warranty plan to help you with your decision.

What is a Home Guarantee?

What exactly is a home warranty? A home guarantee is a service plan or a contract with a company.

It can cover a combination of home appliances and home systems, depending on the type of plan you choose. The service agreement covers regular wear and tear on system components.

If something breaks, call the home warranty company and they will send out a professional who will do the repair (or replace) either free of charge or at a discounted price.

What does a home guarantee cover? [19659012] The warranty coverage for the home varies depending on which plan you choose. However, there are several common types of plans.

Home warranties often cover important appliances in your home.

For example, your washer and dryer, your refrigerator, your garbage and your stove are covered by this type of home warranty.

Home guarantees can also cover some of your home's central systems, such as AC, your oven and ductwork.

When looking at home warranties, be sure to read the fine print to identify any exceptions. Some home warranty plans do not cover extra at no extra cost.

For example, if your home has a pool, including it in the coverage may cost you more.

Home guarantees in a simple way.

Agents not required. an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid dubious sales calls.

Coverage in minutes.

You can get a home guarantee within minutes of receiving your quotation and application online

How much does a home guarantee cost?

The average cost of a home warranty plan can range from $ 350 to $ 600. What you pay for your home warranty varies depending on several factors:

What type of home is it?

Do you live in a single-family house? Is it a townhouse or an apartment?

Coverage costs may change as properties of different sizes will have systems with different needs and associated costs.

Do you get the basic warranty or something more?

When you compare home warranty coverage, you will find that many companies offer basic plans or extended versions.

The extended version usually covers a mix of systems and devices, and the premium is often higher.

What is the Company's service charge?

In the industry, the service charge may vary from $ 50 to $ 125.

The service charge is the amount you will pay if a service person comes to your home to repair a covered item or

You should include this cost in your planning when looking at prices for home warranty plans.

Home Guarantees of State .

Are Home Guarantees Worth It?

You should consider several factors when trying to determine if a home warranty is worth it.

Two important considerations are how old is your home and how old are the appliances inside?

When I bought my home, I knew that the washing machine was very old.

The owners had taken care of o f it maintenance regularly, but I thought there is a good chance it could die within a year. I knew I did not want to pay for a new washing machine.

When I looked at the numbers, a home warranty was worth the price. When my washing machine broke down, the home warranty company replaced it.

The conclusion is, if a home warranty is worth it depends on the company, the coverage of the plan and your preferences.

It would be best if you thought about the boundaries of the plan and how comfortable you are with risk.

Who should buy a home guarantee?

A home warranty is especially useful for someone who wants a backup in place if something unexpected happens to their home system or larger appliances.

If you are not very handy, a home warranty may also be the best option for you.

You may be offered a home warranty when you buy a home; It can provide additional security when you have spent so much money to buy the house.

Home guarantee versus home insurance

A home guarantee and home insurance may seem to be the same thing, but they are not.

Lenders require home insurance to get a mortgage.

Home guarantees are optional and are not insurance.

  buy a home guarantee

Home insurance covers the loss of your home and its contents in the event of a disaster, such as fire, theft, natural disaster, lightning. .

Home insurance is renewed annually and the price varies based on the value of your home and other risk factors, for example if you own a pool or certain dog breeds.

A home warranty is a service agreement and covers wear and tear on your appliances and sometimes the systems in your home.

You can pay for your coverage monthly or annually, and the contract is usually renewed on an annual basis. How long your home warranty insurance will be good depends on your insurance.

  • Protects appliances and systems
  • No insurance
  • Not required to close in a home
  • Easy to understand
  • Protects home from destruction
  • Type of property insurance
  • Required to close a mortgage
  • More complicated product

Home guarantees are made easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid dubious sales calls.

Coverage in minutes.

You can get a home guarantee within a few minutes after you receive your quote and application online

Advantages and disadvantages of a home guarantee


  • You do not need veterinary suppliers yourself which is a great advantage for someone new in the neighborhood. Finding the best service person can be a hassle. With a home guarantee, the home guarantee company does all the leg work for you.
  • A home guarantee can provide a buffer so that if something breaks, you do not have to spend more money after buying a house and saving your savings.


  • Read the fine print carefully. The details there will make a huge difference in your coverage. There are often exceptions and conditions to meet to qualify for coverage.
  • If the previous owners have not completed proper maintenance an item or system may not be covered. Make sure you have access to maintenance records.
  • You may not choose your contractor. Home Guarantee Companies work with networks of professionals around the country, which is part of how they can offer discounted services.

Taking Action

With the right business, home guarantees can be worth it – if they meet your needs and your budget.

2020, you should buy a home warranty if you are interested in protecting your home and have a pillow if something breaks.

There is no need to wait when it comes to protecting your home and appliances, click here to get started on the process.

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