After becoming a homeowner, you’ll likely consider purchasing a home warranty plan. In essence, a home warranty plan protects you against unexpected expenses from costly repairs on your home systems and appliances. Home warranty plans typically cover appliances such as your washer and dryer, air conditioning system, major kitchen appliances, and your home’s plumbing and electrical systems.
Home warranty coverage is something that you can add at any point during home ownership, and it plays an important role in keeping the things you love up and running. Although not required, there are many reasons why homeowners decide to purchase a home warranty plan. In this guide, we’ll go over the top five reasons why home warranty coverage can be a valuable purchase.
1. Protects Your Budget
As a homeowner, budgeting is essential as it helps you save money and plan for things you want to accomplish. However, just because you have a budget in place doesn’t mean it will be easy to stick to. After all, life does happen, and unexpected expenses are always around the corner.
Purchasing a home warranty plan can help your monthly budget stay intact. For example, if your air conditioning system malfunctions and requires significant repairs, you could be in the hole for thousands of dollars. With a home warranty plan, however, the repair or replacement costs will be covered. This will apply to any listed appliances, such as your loyal refrigerator or dryer. Purchasing a warranty plan prevents these costly repairs from putting a significant dent in your budget and setting you back.
2. Provides Quality Help
For some, the prospect of having to fix a broken microwave or dishwasher is an exciting home project. However, if you’re not one of those people, having home warranty protection is an excellent idea because you will have someone standing by to handle tricky repairs for you. Most quality home warranty companies have a network of service providers in your area who are:
- Licensed and insured to help you avoid scams
- Monitored closely and scored based on customer feedback
- Carefully vetted and approved before being sent to your home
- Trained to effectively repair a wide range of systems and appliances
3. Covers Only What You Need
Home warranty plans are not “one size fits all.” This means that you won’t have to pay for coverage on things you don’t even own. A good home warranty company will present you with several options for coverage that will work best for you. This gives you the flexibility to choose the one that best fits your needs and budget. For instance, if you don’t own a hot tub, why should you have to pay a premium for hot tub repair? Coverage flexibility allows you to get a great deal on protecting the appliances that matter most to you.
4. Discover More Ways to Save
Fun fact: in addition to helping you save on repairs, home warranty plans can also come with some additional perks. Imagine being able to buy new appliances at a discounted rate! Since brand-name appliances can be expensive, this is a big deal. Depending on your provider, you may be eligible for special saving opportunities through your home warranty plan. In addition, keep an eye out for enrollment offers that could give you 1–2 months free when you sign up for a year-long plan.
5. Gain Peace of Mind
Although savings are great, the true benefit of a home warranty plan is the added peace of mind knowing your home’s systems are covered. The last thing you want to worry about is one of your home’s major appliances failing without the funds to properly fix or replace them.
When you enroll in a home warranty plan, you position yourself to avoid hefty repair costs and know exactly who to call when your refrigerator, dishwasher, or any other covered appliances you rely on daily need fixing. These appliances undergo a significant amount of wear and tear over time. A home warranty plan allows you to live your life without major setbacks slowing you down.
AIS Can Help
For most homeowners, a home warranty plan is an excellent complement to homeowners insurance that helps to maximize your coverage. If you’re interested in purchasing home warranty coverage, AIS has partnered with Cinch to offer plans that can protect your home’s appliances and major systems. To learn more about how affordable a Cinch home warranty can be, begin your quote online or call (833) 640-0969.
The information in this article is obtained from various sources and offered for educational purposes only. Furthermore, it should not replace the advice of a qualified professional. The definitions, terms, and coverage in a given policy may be different than those suggested here. No warranty or appropriateness for a specific purpose is expressed or implied. The opinions expressed by guest bloggers are theirs alone and do not reflect the opinions of AIS Management LLC, any subsidiary or affiliate of the same, or any employee thereof. We are not responsible for the accuracy of any of the information supplied by guest bloggers.