Expert advice on choosing the best home warranty

May 2, 2019

Wouldn't you feel more comfortable investing money in a new home if you knew your purchase would be protected from future expenses? Past research has shown that houses that come equipped with home warranties tend to sell significantly faster than those without. There's a good reason for this trend: When a home is afforded an extra level of protection, it gives homebuyers peace of mind.

However, it can be confusing if you're trying to pick a home warranty service, as there are many to choose from. Here's some advice from the experts at HMS on how to find the coverage option that's best for your home.

Understand your coverage options
The key to finding the right home warranty is comparing what items will be covered under your contract with different providers. Figure out how much you'll pay for different home warranty options and what items will be eligible for repair for that price.

For example, with an HMS Home Warranty, you can choose an appliance plan, which covers big-ticket items like your fridge, stove, washer, dryer and more, or a systems plan, which protects your home's heating and cooling systems, plumbing, electrical system and more. What's even better is that you can choose a combo plan that gives you coverage on a mixture of both appliances and systems.

"Carefully review what is and isn't covered under your home warranty."

Look twice at what's not covered
Many people's frustrations with their home warranties stem from the fact that they didn't carefully review what isn't covered under the service. Keep in mind that a home warranty generally only protects major home appliances and systems. This means that small appliances, like toasters, coffee makers and mixers, aren't covered, nor are structural aspects of the home, such as doors, windows, walls and roofs.

Further, home warranties usually come with stipulations on when repair or replacement of an eligible product will be covered, similar to other manufacturer's warranties. For example, if you don't take proper care of an appliance and it breaks as a result, your home warranty may not cover the repairs. Read through sample service contracts carefully to ensure that you fully understand what the company offers. This will help you to feel informed and confident when it comes time to choose a home warranty plan for your home.

To learn more about home warranties from HMS, visit our website or call to speak with a customer care representative today!

 
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