Home Warranties Can Help with Home Budgeting

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Real Estate

Home Warranties can help you with your annual budgeting.  Many home owners don't realize they can order a home warranty to be placed on their home anytime during their ownership. It's not just for when you initially purchase your home. It can mean the difference in paying a few thousand dollars for a repair vs. $75! 

How does it work?

l If a home system or appliance breaks down or stops working, you call the home warranty company.

2 Your home warranty company will call a service provider it has a business arrangement with.

The service provider will call you to make an appointment.

4 The service provider will fix the problem. If an appliance or system is malfunctioning and can’t be repaired, depending on your contract coverage, your home warranty company will pay to replace and install the appliance.

5 You will pay a small trade service fee (usually less than $100).

What’s not covered? Check your specific policy, but in general: l Outdoor items such as sprinklers l Faucets l Refrigerators, washers, dryers and garage door openers l Spas and pools, unless specific coverage requested l Permit fees l Haul aways.

What can cause denial of a claim? l Improper maintenance l Code violations l Unusual wear and tear l Improper installation

General coverage includes: Air conditioning, Dishwashers, Doorbells, Furnace/heating systems, Water heaters, Ductwork, Garbage disposals, Inside plumbing stoppages, Ceiling fans, Electrical systems, Range and oven, Telephone wiring and even more.

Here's a few home warranty companies that provide service in Florida.