Is Home Repair Insurance Necessary?

by Medra Volpi 01/26/2020

Photo by: Caleb Woods via Unsplash

Home repair insurance is an optional service agreement also known as a home warranty. It is put in place to save costs when there may be a need for repairs or replacement of any major system or household appliances. Often added as an incentive to sweeten a sale, a great home warranty is a valuable option to have.

Items covered by this insurance might include the refrigerator, dishwasher, HVAC, plumbing, washer and dryer, electrical systems and plumbing. These appliances and systems may break down and need repair at some point due to daily use.

Apart from home repair insurance, there are other types of home protection plans that take care of expensive home repairs. Some of these policies are utility insurance, homeowner’s insurance and manufacturer’s warranties. Though they sound similar, each of the home protection plans is helpful in different situations.

What is covered by home repair insurance?

Note that home repair insurance covers items written clearly in the contract; it does not take care of anything outside the contract. Many home warranty providers have three coverage levels. They are the basic plan, an enhanced plan and a customized plan. The basic plan is the first level of coverage that takes care of appliances that you use every day. It also covers systems like garage door maintenance and dishwashers.

The enhanced plan is an upgrade of the basic plan; it covers extra items like a washer and dryer, jetted bathtub or water heater. You may also opt for a customized plan where you have the option of including specific features like a pool heater or well pump.

How to make a service request

Before submitting a service request, endeavor to call the company’s customer service line. Better still, you can often file a claim online. 

Follow these procedures when making a service request:

• Check your contract to be sure that the insurance plan covers the broken item.

• File a claim when covered items malfunction or stop working.

• Do not hire a contractor on your own, instead allow the home warranty provider to supply you with one of their professional contractors.

• Pay the technician a service fee.

• Ask if they will replace items that are not repairable.

There are a lot of benefits that come with home repair insurance. Go through the different plans available and opt for the one that is suitable for you. When you’re ready to start your home-buying journey contact me to go over the best strategy for securing a home warranty with your offer.

About the Author
Author

Medra Volpi

 Medra Volpi is a dedicated, passionate and market savvy professional who puts her clients' satisfaction before all else. Her attention to detail,superior people skills, broad knowledge of the real estate industry and her determination to give her clients first class service sets her apart.

Medra understands the power of creative, highly effective marketing maximizing property exposure to the most qualified buyers. Medra knows that it is not only important to secure the most able buyer, but also the one most likely to close the deal.

With so much at stake, Medra is the one you want to represent you. Her fair yet aggressive negotiating style and protectiveness of her clients' best interests and ultimately, their assets, has gained her respect with colleagues and clients alike.

Medra knows that every transaction represents the most important purchase or sale a person can make and she takes every precaution to ensure that communication is consistent and timely with all parties involved from beginning to end.

Whether it's patiently guiding first time buyers through this exciting process or following through with clients' needs long after the transaction has been completed, Medra's caring yet efficient business style will turn you into a client for life.