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We're asked all the time if a home warranty is necessary. People are unsure about paying for them and whether they’ll even need to use them before they expire.
A home warranty is something that will cover the cost of the repairs as well as the replacement of systems or appliances in your home. Typically, they range from $400 to $1,000 per year and you can renew them on an annual basis. A home warranty is great to have if something happens in your home, because the home warranty company can usually send someone out within 24 to 48 hours. You will have a small copay for each claim, but you won’t have to shell out stacks of cash to replace an entire part of your home.
The older the home, the more coverage you should get.
If you are planning on buying a home that’s older than five years, consider a home warranty. Systems and appliances go through natural wear and tear, so you want to make sure you’re protected when you buy the home. If you don’t have time to research contractors or technicians, the home warranty company can take care of all that.
If you’re a first-time buyer and used to a landlord taking care of your property, a home warranty is simikar. We usually offer the home warranty policy to our clients as a gift, but you can buy one anytime.
The older the home, the more coverage you should get. That’s a good rule of thumb. If you have any questions for us, please give us a call or send us an email. We would be happy to answer them.
