When is the homeowner supposed to buy home warranty? A home warranty is not a plan that can be purchased and used for the life of a home, but it is a warranty coverage for home appliances. It is procured before the sale of a home and acts as insurance for the new homeowner. Selling a home can be much easier if there is a home warranty drawn in. Shopping for a new home is a pricey endeavor.
People accept loans to purchase real estate, not wanting or expecting to spend extra on repairs for systems, appliances and things such as roofing. These hidden costs usually leave new homeowners in complex positions. A home warranty protects the new homeowner against these unexpected problems. Sometimes issues with different household features such as appliances come up in the closing days of a real estate contract. This can make a closing tricky and cost the original owner large sums of money they had not intended on spending. These issues might also convince the potential buyer to pull out of the deal, resulting in a failed transaction. The seller must then perform the necessary repairs before putting their home back on the market. A home warranty can only be implemented to working appliances and systems. The age of the item is not taken into consideration as long as it is in working order.
Retailers, installers and manufacturers may provide separate warranties, each of which covers a different part of the home. Inquire for copies to take home and contrast against other packages from other retailers. Ensure that you get a copy of the complete warranty, not only a summary brochure. Glance at the combined terms of all the warranties that cover a home. All new homes must have a warranty but old or used homes may not, or may have a limited warranty. Be cautious of homes sold with no warranty – there may be several hidden problems with the home.
As a consumer, identify what is and is not covered before purchasing any home warranty. Ensure the details are clarified in any contract before you sign it.
None of these aspects should deter a buyer from purchasing a warranty that meets his or her needs but it takes a fair amount of due meticulousness to identify all the hidden costs in buying a home regardless of whether it is new or used.
It’s actually not difficult to tell if your air conditioning system is in need of repairs, but sometimes inexpert and inexperienced homeowners might wonder whether the air conditioner is really not working or it is all in their head. Other homeowners might feel that though their air conditioning system is showing signs that it needs repairs, it is better to look after the problem before it gets worse or before their air conditioning system stops working completely.
When summer heat strikes, the best way to fight back is to turn on your air conditioner. Air conditioning keeps you cool over the summer, and with usual maintenance, your air conditioner ought to perform efficiently even during the hottest months. In case your air conditioner is not functioning as it should, it may be in need of expert attention. You should always call a qualified repair professional as soon as you decide that your air conditioner is not working properly. To know more about home appliances check out our Home Appliance Warranty section.
Scheduling an air conditioning repair to ensure your AC system is working at maximum efficiency is always a good idea when facing the hot final weeks of summer.
Some of the signs are fairly obvious, while others are more subtle. Knowing the warning signs will help you search for professional service before the problems gets out of control.
At some point, you may find that your air conditioning system simply isn’t doing its job. Even at full blast, the air coming from your vents just isn’t as cold as it used to be – or isn’t cold at all. This could be a sign that your system is need of serious repair. For instance, lack of cool air could mean that your system’s compressor has failed. It could also mean that you’re your system’s Freon levels are too low. When that time comes, you might have to to replace the unit.
If you are noticing weak or little air flow through your AC vents, the unit’s compressor may be failing. In case your areas or rooms in your home are getting cold air while others are not, then the trouble might be with your duct work and it’s a sign that your AC system needs urgent repair.
Over time, debris can get stuck in your air conditioning vents. Not only this obstructs airflow, but it also presents a health risk to you and your family. Having your air conditioner’s ducts cleaned is a great way to restore airflow and ensure that your AC system is working well when you need it most.
At times the trouble is not with the air conditioning unit, but with the thermostat itself. One way to tell if your thermostat is a problem is if one part of your house is very cold while another part remains at the same temperature.
Moisture or leakage around or near your system can be an indication of problems. When you see leaks from your air conditioning system, it can mainly because of two reasons.
In the most serious cases, the leak could be refrigerant. Refrigerant leaks can cause serious health risks to you and your family and need to be repaired at once. You must call an air conditioning repair expert right away.
Water pools adjacent to your air conditioner might show that the drain tube which disposes of the air conditioner condensation is either blocked or broken. This is not as serious an issue, but should be tackled quickly to avoid less important problems like mold growth.
Squealing, grating, grinding sounds from your air conditioner might be a sign that you need a replacement unit. These noises imply that something is wrong inside the unit. Failure to service the unit could result in a pricey breakdown.
A squealing noise means that the belt has slipped out of place. It may also indicate that a metal component in your air conditioner requires more lubrication. A grinding sound may mean that your motor’s bearings are broken.
Pungent or foul smells from your air conditioning vents normally means that your conditioner’s wire insulation has burned out. Musty smells generally indicates that there is mold inside your unit or ductwork which must be taken care of without delay.
In order to keep away from these issues, it is important to maintain your air conditioning system habitually. It is a costly appliance and must be cared for to add to its lifespan and lessen the need for pricey repairs.
Even if your unit doesn’t need replacement, getting it repaired or serviced can boost up its efficiency and save you money.
Most repairs on air conditioners are quite simple, but homeowners frequently avoid calling a technician as they fear a large bill. In case your AC unit is new, you may find that the repair is covered under a manufacturer’s warranty. Even if it is not, it is good to fix a small problem quickly than to delay and let it grow into a larger problem.
Considering that you are on a website devoted to home warranties, you may already know what a home warranty is. It is essentially a service contract that agrees to provide you with repair/replacement services for appliances or systems in your home. Most homeowners wonder whether annual premiums are put to better use if they are set aside as emergency fund instead of being paid to warranty providers, hoping that they will come to the rescue if a breakdown happens. The question here is, what if the annual premium is paid and no claim is raised in that year? This article will address the question in detail.
A home warranty company maintains a network of technicians and service vendors, who are dispatched to a customer’s house as and when a claim is raised. The customer is often charged only a service call fee and not the entire expense of fixing a damage. Here’s how home warranty benefits the homeowner–
What they fail to recognize is the very real potential that they will spend more than a few years’ home warranty premiums when a major appliance or system component breaks down without any service contract coverage. Don’t you think it’s worth?
Many homeowners have expressed concerns about the annual premium that is paid for a year in which no claim was made by them. However, what they fail to recognize is the very real potential that they will spend more than a few years’ worth of home warranty premiums when a major appliance or system component breaks down without any service contract coverage. Minus a warranty, an average repair cost would be around $500-$1000 for a typical household appliance. Replacing would definitely cost more, sometimes several years worth of annual premiums.
As you can see, annual premiums seem like a very small fee in comparison with the amount you would have to pay if an appliance breaks down.
Let’s take an example of a typical homeowner, we’ll call him Mr. Bond. Mr. Bond believed that setting aside $400 every year for emergency repairs would make more sense than purchasing a home warranty plan. Three years into this practice, his HVAC unit decided to call quits. Mr. Bond asks around and finds out (to his dismay) that a high end HVAC system would cost around $5,800. He had saved up around $1200 and all of that wouldn’t help him get a new one.
Had the story been different and if Mr. Bond had opted for a home warranty instead, he could’ve had the replacement done at a fraction of the cost.
The only time it doesn’t make sense to opt for a home warranty over saving that money is when your house and the appliances in it are new. As a rule, home warranty is only recommended for folks whose house and its contents are over four years old. If you belong to this category, then the chances of your appliances or systems breaking down are low. So paying annual premium to a home warranty provider may not make sense, especially when many of the appliances at your house are still under warranty.
If you meet any of the conditions mentioned below, buying a home warranty will likely provide you with budget protection and not to mention, feeling of confidence. Here are the parameters-
If you meet any one of the above mentioned conditions, you will probably benefit from an appliance warranty. As long as you go with a company that is reputable, you should find yourself with nothing but pleasant outcomes.
If you are still unsure, we suggest that you look into our guide for home warranty buyers. Once you do that, you may want to look at some of the best home warranty companies in the country to get things started. Should you have any concerns, don’t hesitate to holler at us. Cheers!
Extended warranty sometimes also called as a maintenance or service agreement, is a prolonged warranty given to customers who wish to insure their fairly new devices. They are not always provided by the manufacturer and are usually procured along with or as and when the manufacturer’s warranty expires.
Such extended service agreements are often purchased for gadgets and appliances that don’t come under Home warranty. Eg. laptops, TV, desktop computers. They can be purchased over an existing manufacturer’s warranty so that damages due to accidents are also covered. They cover repairs and replacements of the insured device for a fixed period of time, which is usually around 2-3 years.
If you are wondering whether you need an extended appliance protection plans or not, consider this –
You have a reasonably new device which cost you a lot. It is still covered by it’s manufacturer’s warranty but you are not certain if that will be enough. You fear that accidental damages may occur and you cannot afford to repair or replace the device if it happens. If this is what is going through your head, we recommend that you purchase an extended warranty.
There are quite a few advantages that make you want to consider buying an extended appliance protection plans. Here are a few of them:
Although, the advantages may seem great, some experts have the opinion that extended warranty is a waste of money. This is because a decent appliance/gadget manufactured by a reputable company stands very little chance to fail in the first 2 years. It has been noted that retailers make huge profits from extended protection plans as very few consumers claim them.
Also, when it comes to electronic gadgets, it sometimes makes more sense in replacing it with a new one rather than repairing the damaged one. These days you can get a DVD player for around $30, so why then would you spend $20 repairing your damaged DVD player?
Technology is advancing at a very fast pace, unless your device is precious and expensive, we suggest that you think twice and explore a few options before you purchase extended warranty.
You may want to look at the repair rates of the various gadgets in the first 3 years of their lives and then decide if you need to go for an extended protection plan. However, the same cannot be said of Home Warranty, which is always recommended for most homes.
If you feel you don’t need an extended warranty as your appliances are 4+ years old, the best option for you would be a Home Warranty. Find out more about Home Warranty and Home Warranty Companies!
Source: CBS News
While you consider purchasing an extended warranty, ensure that you contemplate on all the points that follow.
Make sure that you know how the plan works. Read through the terms and conditions mentioned in both the contract as well as the policy booklet. Understand what damages are covered and what damages are omitted.
All extended warranties do not have the same duration of coverage. The term can vary anywhere between 6 months to 3 years. Be clear on this.
Beware of this one. In certain cases you will have to ship your damaged gadget to some other location. If this happens you will have to pay the shipping charges. Not only this, there could be several cases where you will have to spend extra money in addition to the amount you pay for availing the warranty. You can speak to the retailer to clear any doubts you have regarding this.
A lot of warranty companies are out there that sell extended warranty. Sometimes it makes sense to consider a few options before you jump into a decision and purchase extended warranty from the retailer. Some companies offer plans that cover a group of devices instead of a single device. These may be much more profitable that purchasing one warranty for a single gadget.
Before you purchase an extended warranty, check with the bank issuing your credit card to know if you are automatically entitled to an extended warranty if you make a purchase with the card. In certain cases, platinum and gold cards offer this feature to customers.
Getting an extended warranty is not a bad idea. However we urge you to go through everything carefully before you purchase an extended warranty from the retailer. Extended warranties, like we said are only for a single appliance/gadget. While they are not pricey as such, sometimes, for homeowners with ageing appliances find Home Warranty plans more ideal. They are affordable and cover a host of appliances and not just a single one. If you think, an appliance warranty plan is what you need, take a look at the top 10 home warranty companies in the U.S.A. Good luck!
A bathroom is one of the most important places at any home. A place to relax, rejuvenate and unwind. A clean and well maintained bathroom is a sign of physical and mental well being of a family.
With time the structure and appliances grow old and no longer have the same appeal. Chipped walls, dull sanitary ware, old flooring, leaky taps, rusted pipes can put you off. An old and dirty bathroom can be a big embarrassment. Does this sound like your situation? Do you think twice before answering when your guests ask, can I use your washroom?
Then its time for you to consider renovating it. Thoughtful re-designing can make it spacious and provide more storage. Renovation also adds value to your home if you plan to sell.
Options are endless when it comes to remodeling bathrooms as there is a wide scope for improvement. The combination of plumbing, electrical wiring, and decorating schemes packed into the smallest residential spaces create unique demand for its renewal.
If it needs to be restructured then everything has to be discarded and built from scratch. But if the layout is fine and the waterproofing is sound, then it will not cost you a fortune. A dramatic difference can be made by simply changing the color scheme, re-tiling over the old floor, replacing cabinets and sanitary ware. There are even resurfacing products that can put a new surface over old colored tiles or chipped and outdated bathtubs.
Before you rush to speak to a renovation company and ask for quotes, it is very important to do your research. The variety of renovation options can be overwhelming including the infinite choices of baths, showers, toilets, taps, shower heads, tiles, paint colors, mirrors, splash backs, etc. The more determined and clear with ideas you are in what you require from your renovation, the more likely you will be of getting the one that you always wanted.
The secret to your dream bathroom is detailed specifications. While tabulating what you require, consider this questions.
Now you have a foolproof plan of what exactly you want. Wondering what next? It might come in handy to consult your friends and relatives who have got renovation done from potential and reputed contractors. Do your research and be sure that you opt for the army of people you would want to hire to transform it.
Typically it would cost between $9,000 and $25,000 depending on a number of factors such as:
The next step is to choose the sanitary wares and fixtures. If your existing ones are in decent condition then you can make them look new.
All you need to do is wash and scrub with an abrasive cleanser, Lime-A-Way. Then sand on them. The final stage is to paint. Mix the epoxy and paint with a brush and roller. Brush in one direction to make it spread evenly.
If they are way too old and ready to be discarded then yes it’s time for some shopping, but before heading to the store flip through the magazines and browse home improvement websites and get a firm idea about the fixtures, shower curtains, and sanitary wares you would need, it will save you time and costs.
Here are the essentials that you may have to buy:-
These come in a variety of styles with built-in shelves for condiments. You should be able to get a decent one for under $200. Check for the desired size.
Shower curtains and hangers set the mood of the whole washroom and its gets better when coordinated with towels. If the area is small you should go with a lighter color and you can choose to experiment with different kinds of fabric. You can choose vinyl, polyester, cotton, or other decorative textiles. Remember that vinyl and plastic shower curtains can be spot-cleaned while fabric curtains may need to be taken down and washed.
Compared with other fixtures, toilets are not that expensive, but low-flush toilets are not cheap. Choose the one which will complement other sanitary-ware. You can also try a toilet tank water saver. This is a mechanism that fits in the toilet tank and only lets enough water in the tank to do the job. And it’s adjustable.
Sinks/ faucets add elegance to the place, so pay more attention while choosing. It can be counter top, wall mounted or wall hung, above counter vessel types, pedestal, cast iron, integrated, freestanding, or self-rimming, and more. The sink that you choose will determine the type of faucet and handles that you can install in the sink, so keep that in mind to assure that your faucet purchase is compatible with your sink purchase.
To save money buy a water saver shower head. This can save you over 50% of the water and hot water costs for the same duration of shower.
Do not change the location of plumbing when working on low budget. Plumbing modifications requires bringing out the pipes from wall. After placement, you will have to do wall repair work. If new tiles were not in your mind, they will have to be then. Consider renovation in tight budget and forget plumbing modification. That means showers, tubs, toilets, and sinks should remain in the same position.
Linoleum: In a small or medium-sized washroom, changing the floor can be as easy as rolling out a section of beautifully-designed linoleum over the present floor and gluing it. If the present flooring is linoleum you can get a neutralizing agent to scrub the floor and then apply the mastic. The new linoleum will go down easily. Then install molding to hold down the edges.
Tile: This is also cheap and can go over other flooring. For small spaces it can be a do-it-yourself job but a handyman can do it quickly and cheaply. Big tiles can also be used on the walls from the floor to the ceiling for a royal look. You can also choose to have stick on tiles which can be stuck on any surface and look magnificent, moreover you can do it yourself.
Usually the lighting is overhead and/or framing the mirror. This might take a couple of hundred bucks for an electrician but installing sconces on each side of the mirror will really give it a makeover.
It is the cheapest remodeling technique and usually one gallon of finish will do the job. Blue, Sea green, orange based on your preference and the advice of the contractor, you can choose the colors.
One beautifully framed mirror over a sink is more attractive than many surfaces covered with mirrors. These will enhance the looks of your washroom.
Wooden or bamboo accessories seem to have replaced the old fashioned steel racks. You should first look at the type of wood the racks are made of. Pine or oak can be strong, but be careful; they may form fungus when left wet.
Take advantage of space between wall studs by recessing a tall storage cabinet into the wall to maximize vertical storage while saving floor space. The cabinet should have an interior depth of at least three inches and a door flush with the wall.
When your it is completely renovated you can bring in one or two indoor plants like Boston fern, peace lily etc, which helps in cleaning the air. When your renovation is completely done then yes it’s time for indulgence. Enjoy your new bathroom.
Warranties for newly built homes guarantee to replace or repair certain elements of the home, if needed, within a definite time. If you are bearing mind a new home warranty, it is significant to realize what it covers, how to make a claim, and the procedure for resolving disputes with the builder or warranty company.
A new home warranty can offer peace of mind for homeowners, assuring that if something goes wrong in the early stages of a home’s life, it will be covered. Many appliance service contracts sold to homeowners are backed by the builder; others are procured by the builder from an independent company that presumes liability for certain claims. For added protection, homeowners may pay for coverage on their own from third party warranty companies in order to supplement the coverage their builder offers. The Federal Housing Authority (FHA) and the Department of Veterans’ Affairs want builders to buy a third-party warranty as a way to defend buyers of new homes with FHA or VA loans.
New home warranties usually offer limited coverage on workmanship and materials relating to different components of the home, such as heating, windows and air conditioning (HVAC), electrical systems, and plumbing for definite periods. A warranty also normally defines how repairs will be made.
The length of coverage differs depending on the component of the house. Coverage is offered for workmanship and materials on most components all through the first year. Coverage for plumbing, electrical systems and HVAC is usually two years. Some builders offer coverage for up to 10 years for “major structural defects,” sometimes defined as problems that make a home insecure and put the owner in danger. For example, a roof that could crumple is a “major structural defect.”
Nearly all warranties for newly built homes, however, do not cover costs an owner may acquire as an outcome of a major construction defect on warranty repair, similar to the expense of having to move out of one’s home while repairs are being made. Nor do they in general cover:
To know more about coverage, look into what’s typically covered in a home warranty plan.
If you have a flaw in your new home that may be covered by your warranty, first study the warranty or service contract cautiously to ensure that your problem is covered. Give particular concentration to the length of specific types of coverage.
Specialists suggest that its owners pursue the matter with both the original builder and the home warranty company. The builder possibly will defer to the warranty company, but at least they have been alerted.
Homeowners must make a list of the troubles that they want to get resolved and should make sure that the problems are covered under the home warranty. Pay attention to the “performance standard” section of the document, which records common problems and explains to what extent the builder is liable for fixing them.
Next, file your claim as per the instructions in your warranty, and put your application for repair in writing, even though the company offers a hotline for urgent needs. Ask for a return receipt, and keep a record of your correspondence and conversations with the company. Probabilities are your claim will be managed to your satisfaction, but if a dispute occurs, it’s good to have a record of your dealings with the builder and the warranty company.
In best-case scenario, the builder or the home warranty company will fix the problem. If issues continue, however, the problem could go to settlement.
One way to safeguard against future problems is to appoint a home inspector to inspect the house before taking custody. Many new homeowners think that they don’t need a home inspection since municipal building inspectors have signed off on the work done in the home; the house is new; and it is covered by a home warranty.
New homeowners should also bear in mind to keep a maintenance file comprising documentation of everything done on the home, including regular and special maintenance. The paperwork will come in handy if a claim is required.
In filing a claim, homeowners must keep in mind to be persistent. It may take a while. In the end, diligence pays.
Frequently, a dispute occurs between a homeowner and a builder or third party company over whether a defect is covered or whether repair was finished appropriately. Many warranties provide for meditation of disputed warranty claims on newly built homes, followed by compulsory binding arbitration. In meditation, a unbiased third party – a mediator – assists the homeowner and the company resolve the problem by making the discussion easy between both parties. It is up to the homeowner and the company to settle an agreement.
In case meditation does not work to resolve the dispute, it is possible that the homeowner would be needed to put forward any claim to arbitration, instead of going to the court. In this procedure, an “arbitrator” or panel makes a decision or award once the participants present their cases. Some warranties let the homeowners pick an arbitrator from a list acceptable to the builder or the third-party warranty company.
Arbitration is less formal than court. Most warranties want that both parties obey the arbitrator’s decision, without appeal. If your loan is funded through the FHA or VA and you file a claim against the third-party warranty company, you can opt between arbitration and going to court. If you pick arbitration, realize that you are bound by the verdict.
Even though arbitration is normally less pricey than going to court, home owners can anticipate shelling out several thousand dollars so as to take their claim through the process, based on the complexity of the arbitration. Understand your warranties carefully to decide what arbitration outlays or costs the homeowner is liable for and what expenses the builder must pay.
A few companies provide homeowners the option of arbitration or going to court. Sometimes builders disburse all costs related with arbitration to support a homeowner to agree not to take the issue to court.
You can also use our absolutely cool tool to get a free home warranty quote!
To discover more about warranties on newly built homes, get in touch with your state or local builder’s board. If you have loan insured by FHA, call the closest U.S. Department of Housing and Urban Development field office for additional information. In case you have a VA loan, you can contact the nearest VA office.
Further, you can also compare and choose home warranty companies depending upon your requirements.
When it comes to acquiring plumbing skills, there’s no time like the present. The idea has crossed your mind before, but you did not make the time to do it. Study the great advice in this article, and you will be happy that you finally took the time to do so, if you ever have plumbing issues.
Learning how to put off plumbing problems such as bursting pipes, leaks, and clogged drains is simple with the right tools. Old and new homes similarly require year-round attention to plumbing details, so watching for the signs of plumbing troubles is a must.
Plumbing services can be pricey. Most homeowner want to do what they can to reduce how many time they have to call for help with their drains, pipes and other plumbing features. There are a few easy tips that you can pursue on a usual basis to lessen the need to use plumbing services in your home.
Always explore plumbers thoroughly before you make a decision to use their services. Sometimes plumbers will not be very good at their job, and can even make problems worse than they are. Ensure to look at online reviews, or ask for a referral from a family member or friend. To know more about these things check out our Home Maintenance guide.
If you pack a little knowledge and a few actions of the plumbing trade into your home care toolbox, you will be able to keep away from the kind of plumbing problems that can literally soak you.
Here are 8 tips for spotting and avoiding plumbing problems before they cause serious damage.
1. Leaky toilet. Toilet repairs are one of the most common plumbing problems. While the toilets themselves don’t tire out, the working parts inside them can. Leaks are a frequent result, and one leaky toilet can waste around 78,000 gallons of water a year, sufficient to fill up a backyard swimming pool!
In case you inspect a leak, test out your theory by pouring a bit of food coloring into the toilet’s tank and waiting overnight. In case the dye shows up in the bowl the next morning, you have got a leak and it’s time to put back the flush valve, an simple job that requires only a few dollars’ investment and a little of your time.
2. Clogging shower, tub or bathroom sink drain. Bathroom drains can get clogged quickly with hair and soap residue, which is not only a plumbing problem, but a cluttered one as well. Before you find yourself with a flooding backup, clear the way with a dry or wet vacuum, a useful trick of the trade that definitely beats time-consuming extraction with an auger.
3. Kitchen sink backup. Grease, cooking oil and other fats can literally gunk up the pipes in your kitchen sink, causing serious plumbing problems. In its place, be smart about waste disposal and outfit sinks with strainers to catch errant items and keep them clean. Occasionally flush the drain with a few gallons of boiling water to soften accumulated soap and grease. Applications of products like Roto Rooter’s Pipe Shield can also stop kitchen clogs.
4. Main shutoff valve. Your home’s plumbing system can have hundreds of different valves, but knowing the position of just one can avoid thousands of dollars in damage to a home. The main water valve regulates the flow of all water into your home and should work properly to prevent disaster.
To keep away from severe flooding if a plumbing problem were to occur, find the main water valve, which is generally located at the lowest level of your home near the street, then test the valve to ensure it turns off properly. Suspend a large tag labeled main valve from the valve handle to make sure all members of your household can find it before the flood sets in. In case the home will be vacant for a prolonged period of time; it’s smart to shut off this valve before leaving so as to avoid a plumbing problem when you return.
5. Laundry connection. Another important plumbing point that can be a possible problem is the set of rubber connection hoses on your washing machine, which can be a hazardously weak link in the system. These hoses can dry out, burst and allow thousands of gallons of water to rush into your home. In order to avoid this plumbing problem, check the hoses frequently for blisters and cracks, and be sure to turn off the water supply valves to the washer before leaving home for an extended period of time. Better yet, put back the hoses with steel models, and consider about installing an easy-to-reach, single-lever shutoff valve just for the washer.
6. Outdoor faucets. Keep an eye on outdoor faucets year-round to make sure they are not watering the property without your knowledge, and make repairs and replacements as needed. Once the freezing season begins, turn off all faucets and drain them for winter by loosening the brass cap on the side of each faucet’s valve.
7. Water heater. Water heaters have quite long life expectancies, but when one leaks, bursts or otherwise breaks down, you can be in for a waterlogged disaster. Check your water heater regularly for signs of rusting or leakage at tank fittings, and if you spot potential problem, call in a certified plumber for a more thorough check to decide whether repair or replacement is in order.
8. Old pipes. Based on the age of your home and the water lines running to it, pipes made from bygone materials can be main sources for leaks and clogs. Old terra cotta waste lines can be broken and invaded by roots, and steel pipes are apt to internal rusting that can create quite a buildup, ultimately bursting or reducing water pressure to intolerable levels.
Broken-down waste piping can be treated with two methods:
As for steel plumbing pipes, take every chance to substitute them with up to date materials. The main horizontal pipes running through the crawl space, running from your home to the street, and pipes leading to bathrooms should be at the top of your substitution list, and sectional upgrades can be done anytime you’re making a home repair that involves opening walls or floors.
Learning a bit about plumbing can be a priceless tool to have in your possession. With the right awareness about plumbing problems and the appliances that they involve, plumbing problem prevention is easy. It can even minimize the need to call a professional for repair services.
If you have been planning to buy a house or you have already bought a house, realizing the importance of homeowners insurance is very important. Make sure you have adequate coverage. Studies reveal that approximately 20% of the Americans have cut back on their insurance costs to meet their other monthly financial obligations.
However, insurance coverage is one thing that should never be compromised upon. Your home insurance should be such that it should not only give you adequate coverage but it should also do justice to the amount you shell out as premium. And your premium should be within your reach. It is only when you find it difficult to make payments for the premium that the insurance policy appears to be a financial burden to you.
The ideal way to find the best quote for homeowners insurance is to shop around. You can compare quotes online or talk to insurance carriers personally. There are many insurance carriers that offer different plans to meet the requirements of the consumers. You can try out these and after evaluating the pros and cons of the plan, should you buy your insurance policy.
It is very important that you are not underinsured. If you save some cash now by staying underinsured, you may have to shell out just the double in case of a financial emergency or an unforeseen event.
Instead of buying inadequate coverage for your homeowners insurance policy, there are many things you can do to cut down expenses related to your insurance policy in a reasonable manner. Given below are few measures you can take to reduce insurance costs.
So, when you have the above measures to keep your insurance cost down, it is not necessary to reduce the coverage to save costs.
Since you searched for this online, it is possibly true that you are frustrated beyond possible limits, because your Insurance Company, that you hired to make your life easier, is in fact annoying you. Let’s not waste time, this article explains the strategy that you must adopt in the event that your Insurance company acts tough on your claim.
Let’s take you over the essentials first. The points that follow must be adhered to , otherwise you stand a chance to lose the fight against the Insurance company.
Gather all the information you can regarding your damaged device eg Manufacturer’s name, model no, batch no, claim center’s details, basically anything that is required. You should have them ready before you call up the Insurance Company. Keep the info that you gathered in the same place, this is will make accessing them easier. Keep your policy booklet and contract ready as well.
Once you have gathered all the required information, call the Insurance company. It is suggested that you don’t place your call on Mondays as it is the busiest day of the week. You should keep records of the following:
Remember that being rude is not going to reap any rewards. The Representative on the other end of the line is possibly more frustrated than you are as they have to deal with annoyed customers like you all day.
If you follow the above two rules, you might get a positive response from the Insurance company soon. But there are cases where even good manners and genuine claims fall on deaf ears. If you are experiencing something like that, read on.
Call them up at a later time: This may help if the representative you talked to is a kind fellow. Or they may decide to help you just so that you stop annoying them with constant calls. Give it a try.
Speak with a supervisor: We are not sure how much this would help, but it is still worth a try.
Threaten them: Yes, you read that right. You probably had thought about it already. First, tell them that you had been a loyal customer and that you will be disappointed if your issue is not resolved. If that does not work, threaten them by telling them that you will terminate your contract if your grievances are not solved immediately. When you do this, they will ask you why you want to terminate your contract. Proceed on telling them how your constant pleas and calls were ignored.
Threaten them some more: It might be helpful if you threaten them by saying that you will tarnish their reputation by bad mouthing them. Declare that you are going to publicise the details of how you were treated and you can even tell them that you will announce the same through various social media.
BBB: The Better Business Bureau (BBB) is one such institution that mediates between the customers and the businesses to resolve issues. Place a complaint with them . The BBB is not a government run organization, however they are advocates of integrity and ethics. They do keep records of all the complaints. No institution wishes to be in the bad list of the BBB.
Attorney General’s office: If you genuinely feel that you are being victimized, you can complain to the Attorney General’s office. They will conduct enquiries and try to resolve the issue. If you do not wish to do this, then simply threaten the Insurance Company by telling them that you will complain to the Attorney General’s office.
Last resort: The lawsuit threat. This should not be used unless your case is that compelling. Most biggies in the Insurance field have their positions covered legally and you may lose unless you have a strong case against them.
This letter was written by someone who worked in the home warranty industry for a long time. The views and opinions expressed are author’s own. However, we do think the author provides an insightful view along with some valuable suggestions.
Hello. I was just reading the letter from Robert Lehman of HSA Home Warranty along with the comments as well as other home warranty company reviews and am compelled to contact you.
I worked in the home warranty industry for almost 17 years. I was an outside sales rep, selling the home warranty through the real estate industry as well as related industries (lenders, title companies, system and appliance vendors, appraisers and inspectors). I have been in the insurance industry since 1983.
While I am no longer working in the home warranty industry, I do believe in it and would like to help both consumers and home warranty companies alike. To make it as simple as possible – The home warranty covers the items listed in the contract subject to limitations and exclusions. Just like any other contract, not everything is covered. It is not Carte Blanche. Things that are not covered by the home warranty plans may be covered by a manufacturer’s warranty, a product recall, homeowners insurance or may just simply fall into the category of “the cost of owning a home”.
A home warranty is a wonderful service to have, reducing unexpected out-of-pocket expenses. But when there is a financial burden because of an unexpected problem, it’s so easy to not like who you have to call because you don’t like the situation. Not having to come out of pocket for the full retail cost of the repair is a whole lot better than coming out of pocket for the trade call fee and perhaps a bit
more towards the repair.
Now, having worked through many challenges with home owners, I know that the home warranty companies can improve in terms of both coverage and service. The challenge with coverage is the cost, the premium that is charged to the home owner. The challenge with service includes the home warranty company staff and the vendors that represent the home warranty companies.
Coverage provided by home warranty companies should be far more inclusive in my opinion. And I know it could be, but there has yet to be a home warranty company that is willing to make the move to charge a higher premium for that more inclusive coverage. It is a very competitive industry and no one wants to price themselves out of the market. But I know that I personally would rather pay $800 to $1,000 a year vs. $250 to $600 and not have to worry about more than my trade call fee.
Many home warranty companies have a basic plan with additional optional coverage for things like a kitchen refrigerator or roof leak coverage. Many times a home owner is justifiably frustrated to learn that this “option” was not purchased so they had no coverage. This is most common for home warranties that are purchased through a real estate transaction and the actual end user did not have say in the coverage purchased as the seller was the one who bought the warranty. The most common coverage complaint is when a vendor is dispatched for a system or appliance and the home owner has to pay above the trade call fee for an item that is covered by the home warranty. An example might be having the pay to bring a water heater to current code before the repair can be made. If the home warranty companies charged more for their covered items, they could very likely remove many limitations from their plans. There will always be exclusions, just like any other contract.
Service is big issue and it should be. The staff of the home warranty company should always have a smile in their voice and an empathetic ear. It’s a tough industry for service representatives at a home warranty company because they take a lot of heat from frustrated, emotional home owners. It is imperative that the home warranty companies properly and constantly work with their service reps to keep moral up and to coach on “empathy”. At the same time, it is equally important for the home owner to be polite and remain calm. It is not acceptable to speak rudely or abusively to a service rep at any company. But because people are emotional, there will always be times of poor communication, so the biggest burden should be with the home warranty company personnel. So many complaints about the service provided by the home warranty service rep would be eliminated if they would return a phone call in a timely manner; not keep someone on hold without checking back often and offering a return call rather than holding; and simply listening to the caller, completely, and having a genuine, unscripted conversation without pressure of ending the call in a certain time frame. And of course, the oh-so-important follow-up and follow-through.
Another challenge with service is with the vendor that has been dispatched to a home. Vendors do the dirty, physical labor, regardless of conditions including weather, traffic, conditions at the property they are servicing and the attitude of the customer. In most cases, the vendors working for the home warranty company are experienced and reputable and therefore should always treat the home owner with the utmost care and professionalism. Unfortunately, even though the vendor company may meet the requirements and expectations of the home warranty company, the home warranty company has no control over who that vendor hires; this is when many of the vendor related problems occur. It is so important for the home warranty company to have staff specifically assigned to vendor/contractor relations as well as requesting feedback from the home owner on how that vendor’s service was.
There is so much more that could be addressed, but hopefully this has helped someone somewhere.
– Anonymous Industry Veteran
Premium Home Warranties or a Deductible Home Warranties? Should I include a Home Warranty contract or not? These are just some of the many questions that you are to deal with before purchasing a home.
You may have done a CIA level inspection of your home-to-be, but sometimes despite it, there is no telling when, why or how a machine will break down and force you to interrupt your everyday chores. Isn’t it a nightmare when you are forced to wait for days to simply wash your clothes or dishes? We don’t want a piling heap of clothes in our living rooms or even a stinking kitchen for that matter. Because with today’s employment demands it is hard and even close to impossible to manage work alongside home chores. So without your appliances to lend you a hand, you may never catch up on your housework.
So what happens if they break down?! The effective solution would be to use a home warranty contract to ensure a quick and reliable way to fix them in time, without coming in between your everyday schedules.
Buying Home Warranties are one such intelligent solution to your problems. Given how crucial it is, we want to cover all the mistakes people usually make while buying Home Warranties. In giving you a heads up, we hope to help avoid frustration, as well as cover all topics before an actual machine crisis ensues.
Here is a list of mistakes a consumer might make when choosing a Home Service Contract-
When purchasing a home, make sure you are buying from a builder who has covered the Home Warranty costs. While some states make the payment of warranty compulsory, otherwise, builders don’t usually cover the Warranty prices along with the price of the property/home. And in the states where it is compulsory, the home builders register with their respective regulator, thus escaping the need to make sure your warranty is paid. However, this is how it works only in the states where payment of warranty is compulsory. Hence, always make sure your builder is charging you the warranty along with the price of your home. If not, you may be falsely charged while not really availing a Home Warranty contract.
Not inspecting can be one of the first and worst mistakes you will ever make while buying a home. It should be obvious that home sellers have a tendency to hide defects within the property! Hence, always schedule a home inspection before purchasing a home which could avoid multiple costs later. If you are unfamiliar with the way a machine works or are ill-equipped to do so, rely on someone observant and knowledgeable in this aspect. Hence, with your own interests at heart, an inspection before moving in, i.e., at least prior to a month, have the home and its appliances inspected thoroughly.
If not the first time, do hire a professional Home Inspector before your warranty plan expires. Hence 12 or 24 months into use, some of the appliances might be showing signs of defect which are unrecognizable for a normal person. This will reduce the risk of ever having to spend either for labor and material costs since the defects would’ve been repaired when it has started to show the first signs. Also, since this will cover all the upcoming four seasons, we recommend you always hire a professional Home Inspector, at the expiration of your Warranty term if not at the time of delivery.
This can lead to disasters in terms of price, be it manual labor or material cost. Some Warranty companies don’t cover all the peripheral prices which are mentioned in the contract, which is why not reviewing a contract can lead to miscommunication between the buyers and the builders. While most plans cover all the appliances within, some might not cover the external structures. And if the model contract doesn’t cover the conventional structures, you can contact the contractor to add coverage to other appliances of your wish.
Since the market is flooded with hundreds of home warranty companies and hence, a mind-numbing number of Home Warranty Plans to pick from, it is all the more difficult to choose a Home Warranty plan that suits your home best.
It should be obvious that a Home Warranty plan used for a newly built home won’t necessarily be the right pick for a property that is a decade old. From HomeWarrantyReviews, you can use our Complaint Resolution Program (CRP) to complain or highlight a company based on your previous experience and also compare Home Warranty companies. This will give you a better insight as to which company could be the right pick for you. Since the CRP complaints can be reviewed by the companies themselves, they can immediately rectify it. Also don’t forget to read our reviews, checking out our Home Warranty Appliance Maintenance Calculator in order to make the right choice.
Sometimes after using our Home Appliance Maintenance Calculator, you might find that Home Maintenance cost could be more without a Home Warranty or vice-versa. Using an unbiased guide on Home Warranty plans which is not sponsored by any Home Warranty company, in particular, can help you give a balanced view without misleading you to purchase from a company. For such an unbiased opinion, it is always important to do your own research to evaluate your needs and costs before buying.
Our Home Warranty Appliance Maintenance Calculator calculates as well as compare the costs of repairing with and without a Home Warranty contract. This will hence give you a complete picture regarding whether or not you should buy a certain plan or a certain part of the plan.
Yes and No. As a leading platform for all of your home warranty needs, including getting your fresh quotes in a jiffy to using our knowledge resource of a wealth of articles and the free tools like that of a home maintenance calculator, we always create value for our readers.
So we always advise our readers to be cautious of not reading the fine print in the home warranty contracts, and we’re also against having predetermined opinions on certain companies or not researching enough on the new companies who’ve joined a long list of companies and who yearn to provide a quality service at your doorstep.
Go ahead and give our features a shot!
HomeWarrantyReviews.com started in 2006 with one mission, to help U.S. homeowners find the right home warranty company. Since then we’ve seen the home warranty industry prove again and again that, despite the loud voices of critics, there are lots of happy customers receiving a great value from home warranties. If not for the success stories we receive from customers of many of the top home warranty companies and lots of smaller ones too, we might have adopted a similar opinion of the industry as a whole as those of consumer advocates, journalists, and various other commentators who largely view the home warranty industry as a ripoff.
Building a positive image is a challenge for any company in any industry these days, it’s true. Every consumer can be heard online, on social media channels, in real time and with the credibility that was once lacking in consumer complaint websites. It’s hard to discount the opinion of a close friend or family member, after all. In this sense, social media has become the battlefield for reputation control. But websites and user platforms like Facebook and Twitter are not the only place that industries go to repair their images or expand their reach. As old-fashioned as it may seem, there is still cause for advertising on television.
You would think that TV would be a foregone conclusion for every company looking to advertise, but the expense of television and the emergence of effective performance marketing tools that allow advertisers to know precisely what their return on advertising dollars amounts to drive many companies away from television advertising. Knowing all this, it’s refreshing to see that some of the most well-known companies in the home warranty industry are putting more focus on TV ads.
Take American Home Shield for example:
This ad features a very important topic, confusion among homeowners about what is covered under their homeowner’s insurance. In a 2007 survey conducted by the National Association of Insurance Commissioners (NAIC,) one-half of respondents believed that a break in the water supply lines connecting to a home would be covered by their homeowner’s insurance. This is a remarkable statistic in that it reflects a profound gap between the real value of those policies and the value assumed by so many policy owners. As an industry, home warranty companies are tasked with educating consumers who oftentimes know little or nothing about the service offering commonly referred to as a home warranty. Though American Home Shield’s ad might seem a bit comical, and it is fun to watch mind you, there is a legitimate reason for portraying the homeowner in it as shocked by the actual coverage he has, compared to what he thought he had.
And then there is this television advertisement from First American Home Buyers Protection:
First American Home Buyers Protection’s advertisement focuses on the frustration and anxiety produced in homeowners by sudden system and appliance problems. To consumers who already understand what a home warranty is, focusing on cost savings and reduced homeowner stress might seem like an obvious choice for a home warranty advertiser. But it’s possible that the main point in spending money on TV ads is to expand awareness of the services offered by home warranty companies. If you look at it that way then it makes more sense to start with the essentials of what a home warranty can do for a homeowner.
If you consider that the strategy of home warranty companies using television is to expand their market, and not just their share of the existing market, then the logical question is whether TV is the medium that will do the job.
A study published last year by MarketShare, a marketing analytics company, would support answering “yes” to that question. In an article in June 2015, ADWEEK cited that TV ads are still very effective.
“MarketShare’s analysis found that TV advertising effectiveness has remained steady during that time period and outperforms digital and offline channels at driving key performance metrics like sales and new accounts.”
So it’s fair to conclude that TV is still the boss in the advertising world, right? Well, maybe, but that still doesn’t answer the specific question about whether it will work for the home warranty industry, assuming market growth is the goal. The reason for our skepticism is that the home warranty market has been around for decades, without a significant increase in market penetration. Some industry projections assume that the home warranty market will grow annually by roughly 2.5%. With market penetration at a very, very low rate, perhaps lower than 10% based on our own rough calculations, 2.5% growth is not at all dramatic. But these are the pessimistic views. So what would the optimistic ones be? Here’s one possible scenario, one that’s much more optimistic.
Homeownership has changed dramatically in the U.S. since 2008’s housing market collapse. Many, many more homes are owned by investors now than back then. And the value proposition from home warranties may just prove to be more compelling for investors than for owners who use their property as a personal residence. Why? Well, the assumption we make is that investors have less time to deal with problems than residential homeowners. When you have many properties and many tenants you naturally have less time to spend calling around to find contractors, coordinating appointments with the ones you choose, and dealing with the payments owed after the work is done. For owners of investment properties, the home warranty offer may be a much bigger time saver than anything else. And for businesses that time is money.
If MarketShare’s analysis is correct then there’s little question that TV can still reach consumers. But whether or not those consumers will respond to such a little-known industry as home warranty may take the time to understand. Industry intelligence providers, ones like IBISWorld, put out detailed studies of industries, home warranty included. And through those types of studies, it’s possible that industry growth trends that exceed previous estimates may help to infer that TV ads are helping grow the industry’s customer base. If it does turn out that homeowners who don’t know about home warranty come to know it through TV ads then it will certainly be a compelling sales pitch for agencies selling expensive television ad inventory.
Home warranty is a service contract that offers discounted repairs and replacements for your household appliances. If you have an appliance protection plan, and if one of your covered appliances breaks down, the home warranty company will repair it for you at a very nominal price.
In general, such plans are considered a wise purchase for those
If any of the above mentioned conditions are true, it will be a good idea to purchase an appliance protection plan. Folks who fall into any one of the categories stated above stand a high chance of encountering frequent damages leaving their pocket empty.
Several types of appliance protection plans are available in the market today. Most of them differ with the extent of coverage. Most of the first tier or basic plans cover only major systems and appliances in your home. This usually excludes outdoor appliances and systems and second sets of devices. Eg spa and pool units, sprinklers are common things excluded from coverage. Also second air conditioning unit, second cooler etc are also omitted. However, the best part about these plans are that their coverage can always be extended. Accordingly the annual premium you pay will be higher.
How Does the Plan Work?
If an appliance crashes while the warranty plan is still valid, all you have to do is to inform the company about the damage. Once you give them all the necessary details, they will call up a service vendor with whom they maintain business ties. The vendor then contacts you to fix an appointment and on the agreed time he arrives to take a look at your appliance. If the damage is minor, the technician will fix it right away.
However, major damages or part replacements may need approval from the home service contract company. Any parts that require replacement will be procured for you by the company.
Home Warranty plans are a great way to insure your household appliances if they are old or aging. However, people often tend to confuse this with homeowner’s insurance, which is quite a big mistake. Homeowner’s insurance can never be replaced with a home service contract or vice versa. Though they both offer protection for your appliances, their grounds for placing a claim are totally different.
May it be reminded again that the policy booklet and contracts are vital documents and should be studied and preserved carefully. If you have decided to go ahead with a home warranty, check out Top Home Warranty Companies listed on our site.
The Illinois department of insurance issued a warning earlier this year to its residents to avoid a Florida based home warranty company Arkidus Home Protection, Inc. Arkidus had been unlawfully advertising home warranty services via the internet to residents of Illinois and in many cases there were documented incidents of these consumers who purchased a warranty not receiving the services promised to them.
The company and its owner, Reinaldo “Ray” Berges has previously been served with a cease and desist order by the Illinois Department of insurance, but continued offering service coverage for household appliances and major system components. The company had its headquarters in Miami though more recent reports suggest that office has been closed for many months.
The company has not been granted any certificate of authority to sell insurance or home warranties to the consumers in the state of Illinois, thus the cease and desist order from that state was issued. This unfortunately may not help recover the money lost by the Illinois consumers who purchased home warranties, also referred to as residential service contracts or home service contracts.
According to the Better Business Bureau (BBB), The consumers have launched over 245 complaints against the company in last three years. BBB indicates in its report that Arkidus conducted its business through a website, www.theahp.net.
BBB is a non- profit organization more than a 100 years old functioning in U.S and Canada. It collects and provides free business reliability reviews on over 4 million businesses. The BBB plays the role of an intermediary between businesses and consumers. Though it is not mandatory for any firm to get accreditation from BBB such accreditation is sought by some companies in order to build faith in their business. Arkidus is not accredited by BBB and thus the amount of involvement BBB may have had with Arkidus’s customers would have been limited to collecting and documenting complaints and then reporting complaints to the company. For further recourse consumers who have complaints against Arkidus would likely need legal representation or assistance from consumer protection entities.
According to publicly available information Illinois’s Department of insurance has also received many complaints from customers of Arkidus who allege they have been tricked by that company and were unable to obtain reimbursements for their claims or their canceled contracts.
The complaints from consumers are also publicly available on various websites. One such complaint posted online was from Jose. E who is a resident of Florida. In his post he said, “This Company is a scam. I started service with them in May, and they will not honor their policy. I keep getting calls from companies that were dispatched by them. I needed a plumber and an electrician, and both have been harassing me with the remainder of their bill, even though I paid my deductible. Do not purchase anything from this company, they are frauds.”
Arkidus appears to have ceased doing business but for a time the company was successful persuading customers to pay long term contract fees, in some cases for terms of two years or more. These customers spent thousands of dollars in some cases, all of which they now face losing forever. If significant legal action isn’t taken against the owner of the company it is unlikely that consumers will receive any reimbursement and this whole story will end sadly. Hence we warn our readers to be cautious about choosing home warranty companies with very little business history, no matter how positive the early reviews of the company may be.
If you suspect you are dealing with the wrong people already or believe you too have been scammed do not delay making a formal report to the appropriate agency or agencies. Both at the state and national level in the U.S. there are free and fast ways to make your voice heard when you feel you’ve been misled by a business or been the victim of a scam. The important thing is to act quickly and not give up if you feel your complaint is being documented but not being acted upon.
There are five types of warranties plans available such as manufacturer warranty, home warranty, seller’s warranty, extended warranty, appliance service contract etc. All the above mentioned terms are basically protection policies of your household appliances. All these warranty contracts are slightly different and we will get into them in just a moment. Please note that we do not cover homeowners insurance here but you can refer to the article that talks about home insurance and home warranty differences
Home warranty is a service contract on your home appliances and it covers repairs and maintenance of household machinery. Home warranty plan takes care of repair and replacement of all your insured appliances by the qualified service provider. This plan is also referred as
One of the basic thing people look for while purchasing any appliance or gadget is the warranty. A warranty is a kind of assurance provided by the manufacturer for the product and if the item does not meet the expectations then the insurance provider is bound to repair or replace the product within the stated warranty period. The standard coverage is generally for the period of one year. A warranty is a legal binding which means if the seller does not stick to their words, then you can legally file lawsuits against them.
These days all the online stores and offline stores are providing manufacturer’s warranty and the original bill along with the purchased product. The products shipped are also completely sealed and as good as what you can get from retail stores. You can extend the warranty for additional years if you desire, although it is not necessary in most cases. Generally, big ticket items such as HVAC units come with 5 years warranty, but the coverage will be limited to parts only from second year onwards. That means you will have to pay for the repair service.
Home appliance warranty companies generally do not cover an equipment when it is under manufacturers warranty.
Seller Warranty is also known as dealer warranty. The warranty is basically provided by the respective seller or the dealer of the products. Most of seller warranties last for the period of 6 months. In case of any sort of defect of malfunction of the product, you have to take the product particularly to the seller from whom you bought it.
You have an option to extend manufacturer’s warranty when it expires. It is recommended only for those appliances that are not covered by home warranty, such as laptop, PC, TV and other electronics.
You can also extend home warranty when your original plan expires. Usually the breakdown period of appliances starts just before or after your warranty expires because of its usability. If you want to avoid such hassles of contacting repair services, extended warranty service just makes things easier
Service contracts are also considered as agreement or protection agreements. Most of these are offered by vendors selling the appliance, a service company, or a third party service provider. Home service contractors are basically local, licensed, and insured team to provide service. The price, terms and coverage choices widely vary as these companies tend to be local service providers. The repair and customer service may also vary depending on the vendor. Make sure you thoroughly understand the contract before you sign it.
Do your homework before buying home warranties, extended warranties, or service contracts for your major appliance. Understand the “Terms and Conditions” of the contract, especially its limitations.
Make sure you know and understand:
Asking the right questions BEFORE PURCHASING will prevent unwelcome surprises.
This infographic depicts the most basic definition of what a Home Warranty is all about. Although the title says that it is for dummies, we’re sure that even people with average/ above average intelligence can keep up!
Now, an appliance warranty is a form of protection your purchase for your household appliances and systems. It is a contract that offers to provide you discounted repair and replacement services should your device sustain any damages.
As you can see in the infographic, all major systems and appliances are covered. Now that would include refrigerator, built in ovens and microwaves, washer/ dryer, HVAC units and major systems like plumbing and electrical units. Additional coverage can always be purchased, so you can rest assured that all your devices can be protected!
This is how it works. When your covered device gets damaged, you simply place a call to the warranty company explaining your situation. If the damage is not an excluded one, your claim will be taken up. The warranty company then sends a technician to your home to fix the damage.
Let’s discuss the claims part. Like we said, when you notice a damage, all you need to do is inform the warranty company about it. Did you notice that title saying “Common reasons for claim denials”? Yes it is true. Although this does not happen often, it is still noticed that companies often deny claims. The grounds for claim denial varies from company to company and can be understood only after you go through their policy booklet.
However, common reasons for denial are as follows
Don’t worry too much about it. If you choose a reputable company, chances are low that your claims will be unjustly denied.
Moving on, let’s discuss the premiums and deductibles involved. As the image says, the annual premium for most basic warranty plans are somewhere in the range of $250- $500. This can vary depending on the extent of coverage. Larger the coverage, higher the premium.
Each time you raise an issue, you will be expected to pay a deductible/ service call fee (it’s nominal, around $50). The happy news is that there are some companies offering plans at zero deductible.
So there! That’s what the infographic is all about. Isn’t it an awesome image? Cheers!
If you are someone trying to sell your home at the best possible price, you’ve landed at the right place! Many homeowners face a lot of hurdles when trying to sell their property. We understand that it can be difficult especially if potential buyers start low-balling the price. In today’s times, it sometimes makes sense to hire a real estate agent specializing in selling homes to make sure that your home gets the right buyer. However, picking the right real estate agent could be a task in itself.
We’ve got some great ideas about how to sell homes faster. Take a look at some of the points discussed below to know more!
While the sentence sounds simple, a lot of effort goes into making a home look warm and inviting. Here are a few tips you could try to liven up things –
Before you conduct the open house, you can consider hiring a stager. Stagers are folks specialized in setting up your home to make it look extremely pleasing to the eye. However, if you’ve got a knack for things like this, we’re sure your skills would be more than enough.
Make sure everything in the house is functional. Which means you’ll have to check for leaks, faults with inbuilt appliances and even a pest control drill may be necessary in some cases. Most buyers will opt for a home inspection prior to making a purchase and if multiple faults come up in the home inspector’s report, there’s a good chance that they’ll cancel the deal.
Also, make sure that the windows are sparkling clean and broken light bulbs/ fixtures are replaced.
Some studies reveal that offering such a plan would not only sell your home faster, but an appliance warranty may actually increase the sales price of the property by an appreciable value. Many home warranty providers also offer seller’s warranty which is an ideal option in a scenario like this. While you may be offered suggestions, we recommend that you read and compare top home warranty companies in your region.
Also, since most plans are transferable, you can simply transfer the plan to the new owner once the sale is finalized. Many real estate agents strongly recommend offering an appliance warranty to the buyer as it not only fetches the house a higher price, but also reduces the liability of the seller and the agent. If and when an appliance related issue occurs, the buyer would call the home warranty provider and not the seller/agent.
How the house is presented to a potential buyer is a major factor which decides whether a buyer develops an interest in the property or not. If you have hired an agent, step back and let the agent show the clients around. Agents do this for a living and so they would know how to do it best. They also know what to highlight, what not to stress on and how to tackle tricky questions that may come their way.
All of this will not be possible unless you have a killer agent. Do ample research, meet many agents and ask around before you hire one to represent your home. You may want to read about how to pick the right real estate agent for you.
Lastly, price your property correctly. We cannot stress enough on the importance of this one. If you price it too high, most folks won’t give a second glance to the ad. Price it too low, you’ll leave potential buyers wondering whether your home has some serious issue (or worse, haunted).
A real estate agent would be the right person to guide you on how to price your property. Several things go into deciding the value of your home – locality, age, square footage, amenities, proximity to schools/hospitals etc. You may want to look at listings in your neighborhood to find out an approximate value.
This proverb is more true than you’d think, especially in real estate dealings. If buyers don’t like the property at the first glance, they may not give it much consideration. Keep this in mind during every stage of the sale. We would strongly recommend that you consider offering a home warranty along with your home as the benefits are just too hard to ignore.
Real estate dealings can be hard to many, but as long as you have the right agent and the right support, it should leave both parties happy. We hope your property sale goes well. Good luck and thank you for reading this article!
An offshoot of Home Warranty, Structural Warranty is a legal agreement between the builder of the home and you – the owner. Structural Warranty functions basically in the case of new homes, wherein the builder assures that the home he has built will have no structural defects for a period of ten years after its construction. His claim is covered by the company which offers him warranty coverage for the building, at times additionally including workmanship and internal systems.
The system functions just like Insurance, but covers defects which may occur due to age and wear and tear, not natural disasters or unforeseen circumstances. Like the Home Warranty covers the items in a home – its appliances, wiring and plumbing systems, interiors etc. – Structural Warranty covers elements like the foundation, girders and beams, roofing, and flooring.
Before the purchase of a home, it is advised for either the new owner, seller or realtor to purchase Home Warranty, in order to establish a relationship of trust and confidence in both parties involved. Just as a Home Warranty leaves the new owner knowing that his home and all that is in it is secure for at least a year after its purchase, Structural Warranty establishes the same sense of security in the buyer of a new home straight from a builder.
It is rather simple – all structural defects are now to be fixed by the company that the Warranty has been purchased from or by the builder offering the warranty himself, and as long as the terms and conditions are met, neither the builder nor the new owner is liable.
We see before our eyes appliances, electrical systems and plumbing leaks occur every once in awhile – but most of the time structural damage is noticeable only after it is too late. Given that large parts of the US are known to have soil that expands with seasonal changes, statistics show that more than 25% of all buildings in the country experience some kind of structural damage during the first decade of their life, almost 10% of this being major and often irreversible.
It isn’t always about how reputable the builder is, in fact, the more reliable the builder the higher the chances are of them investing in warranty for the homes they have built. Years after a deal is signed, sealed and delivered, a matter like soil expansion that is out of the hands of both the parties can spring up, making Structural Warranty the only way to guard against massive expenditure out of your own pocket in the future. Studies show that the warranty is most often claimed 4 to 7 years after a home is built to completion.
The chances of an individual investing a sum as large as the cost of a home in anything else in his or her lifetime is very slim, making this purchase one that could develop complications if not done right. Builder’s offering Structural Warranty for the home they have built can not only assure the buyer of their expertise but also give them a legal document to go back to in case frivolous lawsuits or complaints are lodged. Like in the case of any two-way agreement, responsibilities, terms, and conditions are clearly outlined.
If a third party company is used to establish a warranty, then any complaints, disputes or discussions will be handled by them – until the point of reconciliation. This saves time and discomfort for both parties involved, especially the builder.
If you happen to be a builder with larger holdings or varied properties and houses, then the value of each building is sure to increase if Structural Warranty is added to the mix. Use it as a marketing strategy, one that is true to every word and will help you build lasting relationships with your clients.
Structural Warranty functions according to the guidelines of the Housing and Urban Development department of the US, which stipulates particular criteria within which a company must cover damages. Larger builders may choose to provide their own Structural Warranty schemes to the buyer, while builders without a department to handle such claims or smaller building agencies may choose to use third-party warranty companies. Even more so than Home Warranty claims and structures, Structural Warranty coverage and insurance backing vary drastically from builder to builder and company to company. If you happen to be a part of the decision making of who to choose, make sure you do your research and pick a coverage that is extensive and appropriate to your home.
If you go through a Structural Warranty contract or guide, you will notice one important point – the extremely specific and near legal language used to describe what that particular company or builder covers. Structural Warranty owes this specificity to regulations set by the Housing and Urban Development Department of the US, as well as to the builders’ need to protect themselves from futile claims and lawsuits.
Due to each Structural Warranty being unique (much like Home Warranties state-wise laws), we will get into what the warranty covers in general. Know that this isn’t ironclad, and you have to cross check the terms and conditions with your builder.
As a whole, third-party companies offer two kinds of warranty, one which accounts for any damage to the structure of the building from the moment the deal is closed between the builder and buyer. The second stipulates that the company will only begin to cover damage to the home 3 to 4 years post the sale, implying that any structural damage before then is up to the builder to fix.
Each company usually has a base plan and other additional perks that you can choose to opt for.
The basic coverage usually covers the following:
The last of these, load bearing partitions, are often accompanied by the additional coverage of non-load bearing partitions. These claims are almost purely cosmetic, and certain Structural Warranty companies do assure the fixing of these, keeping in mind the original material integrity of the home.
Integral to any warranty and insurance difference, Structural Warranty doesn’t cover any damage due to natural disaster, accidents or unforeseen circumstances; anything that is covered under insurance, basically.
Lastly, any structures added to the original home – an extension, outhouse and detached garage space for examples – would not be covered. If the need is felt, the builder could then purchase a separate Structural Home Improvement Warranty.
Individual state laws in the US tackle Structural Warranty in different ways, making the cost different in each state as well. On an average, if the basic warranty is purchased, then it shouldn’t cost more than 1% of the purchase cost of the home. In most states which are positioned in low-risk areas (minimal soil expansion, etc.), the price is only about half a percent of the home’s price, whereas in high-risk zones the price can go up to 1.5% to 2%.
When looked at it in terms of a median example, while Structural Warranty would cost anywhere between $500 and $1500 for ten years, the repair in case of structural damage could be between $50,000 and $100,000; Structural Warranty being about one percent of the estimated repair budget.
If you’re a resident of Oregon, this is an article you wouldn’t want to miss. Every homeowner worth his salt must be well informed about the best home warranty companies in the state they reside. Being a coastal state in the Pacific Northwest region, Oregon has a diverse landscape which makes it a very popular choice for potential home buyers. All the more reason why you should go through this article because who knows, you may settle down in Oregon one day!
As you know, our website hosts reviews from actual customers of home warranty products from across the country. These reviews form the basis on which various companies are ranked on our site. For your convenience, we also have a list of top ten home warranty companies in the country. And based on the reviews collected from the customers in Oregon, here’s a list of top home warranty providers in this region-
In more detail, here’s the list of top competitors.
Considered as the founder of the home warranty industry, American Home Shield, or AHS as it is commonly called, is a company that has over 40 years of experience. AHS has come to be a company that has a nationwide footprint with many customers praising its services. AHS claims that their plans are designed to help out homeowners, sellers, buyers and Realtors alike.
With plans that cover most appliances and systems in the home that too at compelling prices, AHS has garnered many rave reviews. On an average, a standard plan comes at an annual premium of $249-$500+ and the deductible per service visit charge ranges between $75-$125. AHS claims to have a massive contractor network with over 11,000 technicians who are selected after a stringent screening process. With positive reviews flowing in from all parts of the country, AHS rightly deserves to be called one of the best home warranty companies.
Serving across 49 states in the US, The Home Service Club (HSC) is yet another major player in the home warranty industry. HSC, like its counterparts, have designed plans that are suited to cover major appliances and systems in a home at affordable prices. The company believes that they are innovators who constantly come up with new ways to help improve customer satisfaction and the quality of the services they provide.
A standard plan offered by HSC costs around $400 and the deductible charged per service visit ranges between $75-$125. HSC is also one of the few companies that don’t mandate a home inspection prior to purchasing a warranty product from them. The company’s contract network is extensive and like most of their counterparts, HSC too has around the clock customer service facility and also an online claim submission feature.
Yet another tough competitor in the state of Oregon is Select Home Warranty or SHW for short. Select Home Warranty is headquartered in New Jersey and has quite an extensive coverage across the country. And like other companies on this list, SHW too takes pride in its massive contract network with over 10,000 carefully selected technicians.
For homeowners in Oregon, select has three main plans to offer. They come in varying levels of coverage and are priced between $299-$499. Service call fee per visit is on an average around $60. SHW does not place a restriction on the age or the size of the property to be covered, neither do they mandate a home inspection prior to signing the home warranty contract. This is a rare feature and it makes them all the more loved.
Landmark Home Warranty(LHW) is a company that provides services in the states of Arizona, Oregon, Idaho, Utah and Texas alone. Despite the lack of nationwide footprint, LHW has managed to garner rave reviews in states that operate in. They also offer pest control, re-keying and heater tune-up services in certain states.
LHW too provides plans that are designed to provide peace of mind to the homeowners. With most of major appliances and systems being covered, the plans come at reasonable prices, ranging between $425-$625. Deductibles too are charged nominally, at around $60 per service visit.
Home Security of America Home Warranty or just HSA Home warranty, is the final company on our list of top 5 companies in Oregon. With over 30 years of experience in home warranty sector, HSA has grown to become a popular choice among American Homeowners. Headquartered in Cross Plains, Wisconsin, HSA is a company that claims customer satisfaction is their prime area of focus.
Home warranty plans by HSA come in two variants each with varying levels of coverage and priced between $589-$619. The deductible per service visit charge ranges between $75-$100. The company also allows customers to customize and extend their coverage by adding items from a select list of add-ons. The annual premium would then vary based on the level of coverage picked by the customer.
What we have provided you is just a list based on the reviews that we have gathered on our site. There would be other companies in the local market who are equally commendable. So the only way to make a wise choice is by doing ample amount of research. Our site offers profound insights about various companies across the country. You could also take a look at the award winning home warranty companies to help with your decision. As always, we welcome your questions and would be more than happy to help you out. Cheers!