All you need to know about home warranty

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• Home Warranty 101

All you need to know about Home Warranty!
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What is home warranty?

• Home Warranty is a policy that provides you with
  discounted repairs and replacement services for
  your household appliances and systems.
• It is also a form of budget protection that saves
  a homeowner from expensive repairs and
  maintenance routines.

Home Warranty
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What does a home warranty cover?

• Coverage usually depends on the plan and can be
  extended as per the customers need. In general,
  a basic plan covers repairs and replacement
  services for damages caused due to wear and tear
  of the following
• Appliances like refrigerator, dishwasher etc.
• HVAC units like air conditioner, heater etc.
• Plumbing units like faucets, pipes etc.
• Electrical components like MCB, coils etc.
• Kitchen appliances like microwave, range and oven
  etc.

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What does a home warranty exclude?

• Depends on the plan. But there are some items
  excluded from basic coverage
• Outdoor units and water systems like sprinklers
• Second sets of appliances like second AC, second
  refrigerator
• Hauling away of old appliances
• Ice maker and food spoilage
• Septic system

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Are all kinds of damages covered?

• Not really. Home warranty only covers damages
  caused due to wear and tear and in some plans,
  damages due to lack of maintenance. Following
  damages are not covered
• Damages due to perils
• Damages due to natural hazards
• Damages due to crimes
• Damages that were/are due to pre existing
  conditions

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Who needs a home warranty?

• Home warranty is intended for people with aged
  appliances and systems. So heres who needs it
• homes with appliances/systems that are over 4
  years old
• Folks who do not have the money for frequent
  repairs and replacements
• homeowners who do not have a trusted contractor
• Folks who have no time for DIY repairs

Suits me!
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Pros and Cons

• Cons
• Not suited for appliances that are new or unused
• Little control over the choice of serviceman
• Claims are occasionally denied
• Company will always listen to the technicians
  diagnosis
• Companies will always try to repair and not
  replace the damaged device

• Pros
• Budget Protection
• Homeowner does not have to look for a contractor
• Service by qualified and skilled technicians
• Affordable premiums and nominal deductibles
• Increases value of property at the time of sale

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How to avoid disputes and claim denials

• Always purchase warranty from a reputable company
• Before the contract is signed, thoroughly study
  the policy booklet and contract
• Clear all your doubts before you make the
  purchase
• Check online review websites to ensure that
  customers have had good experience with the
  company you picked
• Carefully preserve all documents related to the
  home maintenance

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How to find a good warranty provider?

• Check review and rating websites like
  HomeWarrantyReviews.com
• Ask friends and family
• Look up on BBB for a sneak peek at the companys
  history

Find out how to pick a good home warranty company!
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Merci, revenir!!
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