Home Warranty Plan-the Best Protection For Your Home

By Author: Maria Marshall
Total Articles: 45
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ServicePlus - Total Home Warranty Service. When you have a home, you are financially responsible when your home systems or appliances break down. This is exactly where a home warranty plan comes in as a savings protector for you. In this article, we are going to explain what a home warranty plan is, how it works, and how much the cost of a home warranty plan is worth.

What is a home warranty policy?

A home warranty plan is a monthly or annual contract covering the cost of repair or replacement of your major home appliances and systems. A home warranty contract covers the home appliances like refrigerators, ovens, washers and dryers and systems like electrical, plumbing and HVAC, etc.

A lot of people misunderstand a home warranty plan with home insurance but, they both are different types of investments. Home insurance doesn’t cover the home appliances and systems but they cover the costs of structural damages to your property due to theft, fire, hailstorms and other natural disasters and injuries that happen on your property.

Secondly, having home insurance is a must when you have a mortgage but ...
... on the other hand, a home warranty plan is an optional investment.

Service Plus Home Warranty Plans Here!

How does a home warranty plan work?

When it comes to filing a claim when any of the covered items break down, there’s a process that you must follow-

File a service claim:
You have to inform the home warranty company to inform the issue. Let them know about the specific appliance or system and its manufacturer.

Make an appointment:

The home warranty company will send out a third-party repair service provider to your home to inspect the exact issue. There are home warranty companies that allow you to choose your own service provider.

Repair or replace the item:

Based on the inspection, the service provider would either repair or replace the faulty component and your home warranty company will cover the costs of it.

Pay the service fee:

In return, you have to pay a small fee called the deductible to the service provider once the job is done. Usually, the deductible amount ranges between $30 to $60 but the more premium you pay, the less the deductible amount is. You can negotiate the deductible amount at the time of purchasing the plan.

What are the types of home warranty plans?

Usually, most companies offer three types of home warranty plans-

Appliances-centric plan: This type of plan only covers major home appliances like refrigerators, washers and dryers, ovens, etc.
System-centric plans: Such home warranty plans cover major home systems like electrical, plumbing and HVAC.
Comprehensive home warranty plans: These are little costly but comprehensive plans that cover both home appliances and systems.

You can also purchase an additional coverage plan to protect your swimming pool, spa, automatic garage door, etc.

Home Warranty Companies Here!

Always remember one thing when you are purchasing a home warranty plan, don’t forget to go through the home warranty contract carefully as it entails all the inclusions and exclusions.

Are you looking forward to choosing the best home warranty company? ServicePlus Home Warranty has got you covered. Click here to know more details about our home warranty plans.