Home Warranty FAQs – FiveBestWarrantyCompanies.com
1. What is a home warranty?
A home warranty is a service contract that covers the repair or replacement of major home systems and appliances when they break down due to normal wear and tear. It is different from homeowners insurance, which typically covers damage from accidents, theft, or disasters.
2. How does a home warranty work?
When a covered appliance or system fails, you contact your home warranty provider. You pay a small service fee, and the provider sends a licensed technician to repair or replace the item if it is covered under your plan.
3. Does a home warranty cover everything in my home?
No. Home warranties usually cover major appliances like refrigerators, ovens, and dishwashers, and systems like plumbing, electrical, and HVAC. Optional coverage may be available for pools, spas, and well pumps.
4. Is a home warranty worth it?
Home warranties are worth it for homeowners with older appliances or systems, first-time homeowners, or anyone who wants predictable repair costs. They may not be necessary for new homes or if you have sufficient savings for unexpected repairs.
5. How much does a home warranty cost?
Most plans range from $35 to $65 per month, with service fees typically between $75 and $125 per visit. Prices vary depending on coverage options, provider, and location.
6. Can I have a home warranty and homeowners insurance at the same time?
Yes. Home warranties cover daily wear and tear, while homeowners insurance covers unexpected events like fire, theft, or natural disasters. Together, they provide comprehensive protection.
7. Are pre-existing conditions covered?
Usually not. Most home warranties exclude pre-existing issues. Only failures that occur after the plan starts due to normal wear and tear are typically covered.
8. Can I choose my repair technician?
It depends on the provider. Some allow you to select from a network of approved contractors, while others assign technicians. Always check your plan for specific rules.
9. How do I cancel a home warranty?
Cancellation policies vary. Most companies allow you to cancel within a specified period for a full or partial refund. Review your contract carefully to understand fees and timelines.
10. What is the difference between a home warranty and homeowners insurance?
Home warranties cover repair or replacement due to normal wear and tear. Homeowners insurance covers sudden and accidental damage from fire, storms, theft, or liability claims.
11. Can I buy a home warranty for a new home?
Yes, but it may not always be necessary. Many new homes have manufacturer warranties on appliances and systems. However, a home warranty can extend coverage after the builder’s warranty expires.
12. How do I file a claim on a home warranty?
You contact your provider, describe the problem, and pay your service fee. The provider schedules a technician to inspect, repair, or replace the item if covered.
13. Are pools and spas covered under a home warranty?
Coverage for pools, spas, and other specialty items is usually optional and may require an additional fee. Always check the plan details before purchasing.
14. Can a home warranty help me sell my home?
Yes. Having a home warranty can make a property more attractive to buyers, as it provides protection against unexpected repairs during the sale process.
15. How do I choose the best home warranty provider?
Consider coverage options, service fees, reputation, claim process, and customer reviews. FiveBestWarrantyCompanies.com compares providers based on these factors to help homeowners make informed decisions.