Answers You Should Seek as You Sign Up for a Home Warranty

Getting a service agreement to cover components of your property systems and appliances is a great decision, especially when you acquire a new house. This warranty will ensure repair or replacement of the items under cover for the duration of one year. This service contract will come in handy should your property systems and appliances breakdown in this period because of wear and tear.

This warranty covers various items depending on your location. Some of the items usually under this cover are HVAC systems, heating systems, appliances found in the kitchen, plumbing, washers & dryers, roofs and electrical systems. Since this service contract covers the labor charges of repairing the items, they work as a perfect extension of manufacturer warranties that usually cover provision of parts.

When seeking a company offering this home warranty, you may have many questions that need answers. It is good to ask these questions before signing any warranty with any company. This will enable you to understand the terms of the warranty better. You will be saved from any problems and misunderstandings in future when you base the coverage on assumptions.

Understand what items are under coverage

It is important to know what items are under coverage of the warranty. This will prevent you from making a claim that will not be honored. For items not under cover, you can make a separate provision for their repair and replacement should they breakdown. Some warranties may not cover every item so it is best to give priority to those items you find important.

When the provision of coverage begins

You can get information on how soon the warranty comes into effect from a home warranty company review. However, in some instances, it depends on the particulars of a warranty. It is important to ask about this as it will help you not get caught off guard.

What happens if you have to transfer property in the middle of a contract?

You should ask the home warranty company what terms are there for transfer to another person. You may sell your house before the warranty period is over. You should understand the procedures for the transfer and any limiting terms. Find a warranty that allows for this transfer without any limitations on your part.

Procedures to follow when item under cover breaks down

Understand clearly all procedures that you need to follow should the item need service. In most cases, you should get in touch with the company first before doing anything else. Not knowing what to do may see you void any claim you may have on the warranty.

If you need to meet any additional expenses

You may assume that at the time of your claim you just need to meet the deductible and the company takes care of the rest. But you may be surprised if you have to meet additional expenses that may arise. Again here, find out from the company what expenses are not under the cover of the warranty. This will ensure no misunderstandings should you require them to meet the expenses after making the claim.