Is the increasing price of home warranty and insurance your concern?
You may be wondering why appliance warranty costs are always on the rise. We know that it is a huge financial strain to keep your expenses within your budget. It therefore comes as no big surprise that the yearly increase in your annual premium or just the cost of procuring a home service contract makes you want to scream.
Naturally, you begin to wonder if it is a good idea to drop home warranty. My dear friend, that may not be a very wise move. With the prices of everything around you skyrocketing, what makes you think that the prices for appliance repairs would drop? Labor charges, material charges and every other charge on the surface of Earth has gone up.
This means that if your appliances stop working, you will be paying quite a huge sum of money to get it repaired. And in another two years, the price may vary significantly. Now, if you had an appliance warranty, you wouldn’t have to pay so much. We suggest that you keep your warranty.
Now we can’t alter the prices for you, that would be difficult (read impossible). But we can explain why the prices have gone up over the years. Before that, let’s tell you what an appliance warranty does.
Home service contracts are usually bought for a specific period of time during which expenses incurred for repairing your household devices will be covered. As long as the damage occurs for a covered device in the designated time frame, your only expense will be a nominal service call fee while the expenses for the repairs will be paid by the warranty company.
So, with prices of materials and labor rising each year, is it not natural that the annual premium rises along with it? Yet another significant reason for annual price hike goes like this. As each year passes, your house becomes older and so do the appliances in it. Which means that the chances of them breaking down are also increasing. So you see, the risk of malfunctions and system damages increase with each passing year. Hence to keep up with things, the warranty companies often hike the rates by a certain percentage. Also, if you make a claim, the annual premium may hike by a small margin in the next year.
We don’t have precise numbers from the appliance warranty industry, but we can get you a glimpse into the hikes in the homeowner’s insurance industry. The figures are often comparable.
Let’s take a look at the places where there is highest hike after a claim is made
Now let’s take a look at the places that have lowest hike following a claim.
Source – insurancequotes.com
The reasons for these differences are many. The labor and material costs vary from one region to another and contribute to the premium. The state regulatory requirements can also add to increase in costs.
The average increase in annual premium varies from company to company and therefore you can get price quotes for home warranty companies and compare. Most companies determine the annual premiums based on your location and the age of your house. Sometimes it is also dependent on the number of service requests they take each year.
The appliance warranty providers industry has exhibited a decent growth over the last few years. The industry revenue is expected to increase at annual rate of 0.4% to $1.8 billion. Their profit stands at $197.4 million with wages amounting up to $176.1million. Over the years, a few providers were acquired or merged by/with their peers.
In the next five years, the industry is expected to show an annual growth rate of 1.8% to become a $2.0 billion industry. It is believed that the recovery of the housing market, home sales and homeownership rates will increase. This in turn may lead to an increased demand for appliance warranty. Also, as the economy improves, incomes and consumer confidences are expected to rise leading to an increased spending on home appliances and other fixtures.
We certainly hope that you found this article helpful! We have presented a true description of the industry and its working in the most honest way possible.
Yet we have to say that inspite of all the costs, a home service contract is indeed a very wise purchase if any of the following are true. You can also read our Guide to Home Warranty buyers for further assistance.
As a quick advice, if any of the following are true, it is recommended that you purchase appliance warranty.
Keep in mind that the policy booklet and the contract documents are vital documents. They have to be studied and preserved very carefully to avoid future conflicts and annoyances.
In the fast-paced world, dishwashers have become a necessity in many households. Most of the modern families have dishwashers in their homes. People rely on dishwashers, as they can’t spare time from their hectic lifestyles. But often ignored, the value of a dishwasher is only realized when it stops working. No matter how old your dishwasher is, one year or five years, its cleaning efficiency reduces overtime. Therefore, to keep your dishwasher working like new, you need to take some measures to clean them. We have listed some easy tips to help you out, while keeping your dishwasher running like new.
Unless your machine has a special pre-wash cycle or other settings specifically designed to reduce food being left behind at the end of the wash cycle you will need to minimize the amount of food waste that you put into the dishwasher. Before you put your utensils in the dishwasher, rub the food bits off them. This may sound tiring, but scraping is extremely simple as well as essential. It minimizes the stuck food particles on your dishes. Moreover, it saves you from huge maintenance costs in the long run, while making your dishwasher work like new.
Do not try to wash too many items at the same time. It is better to wash a few dishes with hand, rather than running the entire load again. If you overload the dishwasher, then you could wind up washing the same load twice and your dishwasher may not be in good working order for very long.
Before starting the wash cycle turn on the tap nearest the dishwasher and run till the water is too hot to touch. This means that the first cleaning cycle will run with hot water, instead of cold water. This is an important tip, particularly for winters, because during winters the water takes more time to heat up.
Use the proper dishwashing cycle. People tend to reduce the washing cycle, in order to reduce their electricity and water bills, and to save time. But short washing cycles lead to slimy residue on utensils. Additionally, you should wash your super dirty dishes by hand, just like you do your laundry. This will not disrupt the washing cycle, resulting in cleaner dishes.
When you go to buy a soap or detergent for your dishwasher, see if one of its ingredients is a rinse aid. If yes, then don’t buy an extra rinse aid. If not, then instead of buying a rinse aid, you can fill the reservoir with white vinegar. White vinegar is a perfect substitute for a rinse aid.
There are products specially formulated to clean your dishwasher, and you may prefer to use those. But you can just as easily run your empty machine using white vinegar once a month, more often if you see signs that the dishes are not coming out of the wash totally clean. It is the same concept like running a filled dishwasher with vinegar. Toss a cup of vinegar in your empty dishwasher and run the cycle twice. If you have a very dirty dishwasher, then you can also add some baking soda for the fizzing action. This will remove all the old food particles from the dishwasher, making it smell fresh and run like a new one.
Under the lower sprayer, there’s a tray, which can typically be removed. Take out that tray and wash it in your sink. Underneath the tray there is a space, which too needs cleaning. If you cannot remove the tray, then clean it with a piece of cloth or a towel. The tray as well as the space consists of trapped food particles. Cleaning both of them will make your dishwasher work more efficiently.
After some time of use, the dishwasher accumulates dirt in its seals and arms, including the rubber gasket of the door and the soap dispenser. Apart from this, there are other small spaces in your dishwasher that collect food and grime and get clogged over time. Make sure that you properly clean and scrub your dishwasher once in awhile, in order to keep it working like new.
Ensure that you set the appropriate temperature of your dishwasher heater, which should be between 120 to 125 degrees. This is the ideal temperature of the water heater for washing your utensils. If the temperature is less than 120 degrees, then the dishes would not be cleaned properly. And if the temperature is higher than 125 degrees, then the water will flash dry without rolling your dishes, in turn leaving your dishes dirty.
The type of water you use in your dishwasher is an important part of the washing cycle. Hard water will be hard on the utensils as well as the dishwasher, leaving the dishes grimy. Make sure that that the water you use is soft.
Dishwashers usually have a lot of buttons and settings that people hardly use. Due to this, people tend to set a particular setting to their dishwasher and then forget about it. In order to keep your dishwasher working like new, you should change its settings from time to time. Use all the settings of the dishwasher, so that none of the working parts become jammed due to disuse.
You should regularly check all the connections and hoses of your dishwasher. See for dry rot or weak spots and fix them beforehand. This will avoid leakage and flooding in your dining room or kitchen, thus saving you from any untoward accident in the future.
Put a level under your dishwasher. Like washing machines and driers, dishwashers also need a level to work optimally. See that the level of your dishwasher is properly placed. Regularly check the level, as it changes with time.
Now that you have all of these helpful tips it’s time to put them to use! Employ these easy to follow suggestions, and see how well your dishwasher works. These simple DIY tips might also save you money as you run fewer loads of dishes and reduce future maintenances costs.
So, you have decided to purchase a warranty that’s going to protect your budget against unexpected repairs and replacements of your household devices. It is a wise step, but you might also want to know about the options you have when you buy warranties. We bring you the list of the most common types of warranties that are purchased to cover household appliances.
Warranties can differ based on several criteria. The age of appliances, age of the home, current conditions of the device are all significant factors that you must consider before you zero in on a household appliance protection plan.
The working is pretty much the same for all these plans. When a device cracks, you inform the folks from whom you purchased the warranty and then they send over a technician to fix the damaged device. You will pay a service call charge each time you raise an issue. And, you can’t report multiple issues in a single call.
Before we go into all that, we have to tell you that the Homeowner’s insurance is something that is not included in this article. It is an entirely different plan and if you wish, you can read about the differences between Homeowner’s insurance and Home warranty.
Let’s begin with the list
We bet that you have definitely heard about this one! This is also the most widely used plan. The Home Warranty also called as the Appliance Warranty/ Appliance protection plans ( it is known by quite a number of names, would take sometime to list them all out) is a service contract that agrees to offer discounted repairs and replacements of your household appliances.
This plan is ideally suited for customers whose appliances are over 4 years. Appliance protection plan covers damages that result due to regular wear and tear, so if you have brand new devices, chances are that you won’t need frequent repairs.
Also, this is not a free of cost arrangement. As a matter of fact, none of the plans discussed here are free. They do cost money, but the amount is nominal as compared to how much you will be paying if you had to carry out the repairs and replacements by yourself.
Home warranties cover almost all the major appliances and systems in your home. They don’t cover the outdoor devices like sprinklers and all that. Read your policy document to get a better idea. You can also read a brief description about the appliances that are covered.
If you think that this is the ideal plan for you, we suggest that you read more about Home Warranty before you make a move.
This too is a familiar name. It is the kind of warranty that the appliance’s manufacturer provides for a limited period of time. Meaning that when you purchase a brand new appliance, the manufacturer’s warranty agrees to repair/ replace your device if something happens to it during the stated warranty period. The time frame changes from manufacturer to manufacturer. The average is often 1 year.
This warranty is a kind of legal binding. If they displease you by not honoring the conditions mentioned in the warranty contract, you can sue them.
Most new gadgets come with a manufacturer’s warranty, even if you buy them online, you can get the manufacturer’s warranty. Major appliances like HVAC units come with longer warranty periods. But keep in mind that the coverage doesn’t remain the same thoughout the warranty period. From second year on-wards, you will be paying for the repair service as the coverage becomes limited to certain parts alone.
You can’t use a Home Warranty to cover a device that is already covered by it’s manufacturer’s warranty. As stated before, Home warranty is for devices that are old, used and no longer covered by the manufacturer’s warranty.
Also called as the dealer’s warranty, and is the warranty that is provided by the seller of the device. This is a very short duration warranty, usually around 6 months and if a defect occurs within the stated time, you have to take the gadget to that particular seller itself and no one else. It is not a very flexible and easy plan, but it is definitely better than no warranty at all.
This is the kind of warranty that gives you the choice to extend the manufacturer’s warranty as and when it expires. These are ideal for the devices that are not covered under the Home Warranty plans eg., TV, Laptops, etc.
You can’t avail extended warranty on used and old devices. They can only be taken for fairly new gadgets whose manufacturer’s warranty expired recently.
These are third party service contracts, often provided by the seller or repair vendors. The costs vary widely as these contracts are usually given by local yet licensed service vendors. The coverage also varies so it is difficult to give much details about this type of warranty.
Speak with a few vendors and compare with the other options you have.
Getting the best
Do your research to get the best out of Appliance warranties. Always ensure that you chose a reputable company. You can also check with the Better Business Bureau to ensure that the company you chose has a clean record. Friends and family can also recommend good companies for you.
Remember, any kind of warranty, if chosen wisely can benefit you immensely by protecting your budget and also by giving you peace of mind.
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!
Green landscaping is a science which comes with some advantages, and a lot of personal criteria. Green landscapers tend to be very highly motivated, and very demanding of themselves because of their commitments. Green landscapers treat their designs like other people treat their home insurance – Everything must be covered. This is a demanding process, and it can get tough.
The basic concepts of Green landscaping are very like permaculture. Green landscapes are ecologically structured. They can include soil biota and great attention to natural ecology. They naturally include consideration of soil issues, runoff, species mixes, and a range of other technical issues which could easily fill a large library. As you may have gathered, that means Green landscapes can be difficult concepts to put into practice.
An example of Green landscaping
The most easily explained version of Green landscaping is a “restoration” type of ecological concept, using native plants, etc as the basis of the design. That isn’t necessarily easy in the modern world. Many areas are in a state of ecological flux, and native sources are often in decline. Re-establishing species isn’t straightforward, because they need their local ecology, including insects, etc, to be in working order, and that’s often not the case.
It’s not impossible, however.
A design that works
Even in degraded environments, the Green landscaper has some assets:
Without getting too technical, these are core assets, and they can be used effectively if the restoration process is also structured. Trying to re-create an ecology takes time, and the stages of reconstruction vary considerably depending on types of environment and ecological mechanics.
Setting up an ecological base involves several basic stages:
1. Physical landscaping: Restoration may require some reshaping of the land in degraded environments. Soil removal, replacement and/or eco-targeted reconditioning is also usually required.
2. Restoring drainage conditions: Common in developed areas, this is critical to success, because native plants, insects and microfauna require specific levels of moisture.
3. Working vegetation to promote soil chemistry and biota: This can be something simple, like the most common plant in the area which is a design component. These plants are the foundations of the area ecology, often keystone species. More to the point, they can be used as site-specific keystone species, which don’t contradict the intended natural ecological profile.
4. Staged plantings: When the keystone species and environs are in place, the big picture can be painted, and further plantings, physical landscaping, and other processes can take place with no risk to the core biology. (This also mimics the growth patterns of new trees, etc., and is a trustworthy mechanism for evolving the site and growth habits of the plants.
This is a rather simple depiction of a lot of hard work, but it’s very reliable. If you’re a Green landscaper, using the natural formative processes of the environment is your best option. It’s your “contents insurance” for your design. You can put your heart into your work, and win.
In general home warranty covers up the service on repair and replacement cost on insured home appliances. If a policy covered equipment breakdowns due to wear and tear, an insurance agency pays for its maintenance.
Houses offered with a comprehensive home warranty plan will obviously sell quicker with a better price than those without. Sounds like a great deal, yes it is and it certainly can be. As a seller you are in a competition with many other sellers in the market with the very similar houses and price range. Offering a home warranty may work as bonus attraction to the buyers.
Seller home warranty insures on certain aspects of a property. While coverage period varies, generally covers for a period of 1 year. The purchaser could then renew the policy at the end of every year. This could be a bargaining tool for the seller.
That differs, basic plan would cover home appliances like refrigerator, washer/dryer, bathtub, plumbing systems, electrical systems, ceiling fans, water heaters and garage door opener. If you want to add-on equipment, then you will have to go for an extra coverage.
So how much does a home warranty cost? Basically the cost depends on the company you decide, the devices to be covered and the amount of insured time. The basic home warranties are available at about $400 annual premium, with a deductible per repair that ranges from $50 to $80. Home warranty companies sometimes offer special sales, discount policy prices or offer additional coverage for the same price which can be considered as extra benefit. The overall idea is the same; to help save some money and give the buyer quick repairs and thus sellers home warranty, is a good buyer incentive to purchase house.
Before closing the deal home buyers will give attention on their home warranty. Since the contract can cover on multiple items, it is always better to go through the sample copy of policy before you commit the sale. If you are a first-time buyer then it is a really good idea to get home warranty since you have no experience in maintaining your home equipments.
Now the very next question arises is who pays for Home Protection Plan? Whether the seller or the buyer pays for the policy. It depends, seller normally pay for the coverage since it adds-on seller’s benefit to close the sale and buyer will not disturb the seller if any equipment goes wrong. Buyer could renew the policy in future with add-on equipment with extra coverage if necessary.
Although specific plans provide for specific types of coverage, most operate the same way.
There are several benefits of home warranty. Home protection policy is surely not an added expense but it is a sort of investment for safety. Even if you spend extra expense on this, you can certainly be assured of the long term benefits, since you are already saved from paying the repairs or replacements expenses.
Watch this video to know some research facts on Home Warranty.
As a father of small children I’ve spent lots of time fighting in the house cleaning trenches. Many a Saturday and Sunday have been spent reversing the enemy’s advances, the barricades of dirty laundry, the diversions of dirty dishes and the assault on my allergies from dust.
I’ve learned a few things, many of which I think make housework easier and faster to tackle. You may have just as many techniques, or maybe you’re a new recruit in the battle against the mess. If the latter best describes you then suit up and grab your broom. We’re going in!
Nothing helps with a big day of work around the house like a good list. If you don’t know what you’re supposed to be doing you’ll probably forget things and maybe even waste time on tasks that should be left for another day. It’s easy to get lost or distracted in a messy house.
If you hate doing housework then the hardest thing to do is to start. It’s best to pick the easy tasks and knock them out first. Loading the dishwasher might be the task you hate the least. Or you might think starting a load of clothes in the washing machine is easiest. Whatever you like to do (or least hate doing) should be put first.
When you enter a room it’s best to go in prepared to finish it in one trip. You burn valuable energy when you run around the house. Work your way through the house, room by room, taking only what you need to clean each one. Trash bags, dust cloths, disinfectants and cleansers can usually be carried in a small utility bucket. Leave filled trash bags in a hallway or other common area adjoining the rooms you’re cleaning, and save the trash disposal for the end if possible. If you’re worried about trash bags leaking then it’s better to double bag than to make lots of trips back and forth, especially if you have a two or more story house.
If you prefer to or need to use harsh chemicals be sure to avoid inhaling the fumes. Weather permitting, you should open windows and close doors to contain and remove the vapor of chemical cleaners such as bleach, ammonia and others. If you are cleaning surfaces you will be standing on, such as shower floors or bathroom floors, with bleach then it pays to have some old shoes that you can change out of when you leave the room you’ve just cleaned. Tracking bleach around the house can be a disaster.
If vacuuming is part of your list then ensure the vacuum is not already full of debris from the last time you used it. An empty vacuum bag or canister and a suction opening that is free from obstructions will ensure that you only need to vacuum one time and that the floor will be very clean. When dusting, be sure to use the right cloth for the job. Dusting with paper towels or other cloths that are not suited for dusting will make a bigger mess than you started with. And if you must use a spray cleaner for dusting try spraying it on the cloth rather than on the surface you are dusting. Some surfaces get clean faster and look better in the end if you stick to using a dry dust cloth.
These are general tips, it’s true. But if you combine them with your own specific preferences and tricks you should find that the housework goes by faster and more smoothly. Organization is key. And avoiding making yourself tired or sick is important too. What you want is to find ways to keep the house looking the way you like it without making the labor involved so back breaking that you will avoid doing it at almost any cost.
House keeping is not always an easy task but you can get better at it if you keep yourself well read and informed. More information about how to maintain your home in perfect condition is available on HomeWarrantyReviews.com. You could take a look at it and start applying it to your home! And while you are at it, take a look at 10 most innovative home maintenance smartphone apps.
About the Author
Kevin Wallach is a freelance writer and marketing professional. His focus is on performance based marketing services for the home warranty and home service contract industry.
Your home is the center of your everyday life and possibly your most valued asset. When your home is destroyed or damaged, you want your claim sorted out by an insurance company that realizes this simple fact. A right homeowners’ insurance company best meets your needs and provides you with the most valuable blend of quality service, custom-made coverage, and fair pricing in policies.
Depending on where you live – an apartment, house, or condominium – the right home insurance plan can give you peace of mind along with the money you need to replace or repair your home and/or stuff. Home insurance policies vary by the type of coverage you choose, the losses covered and the type of residence you own. You pick a policy that is best for you, whether it’s an all-inclusive policy that covers losses such as smoke, fire, falling objects, and theft of personal property, or whether it’s a policy that covers specified losses.
Your home insurance plan is made up of the precise options you select. The amount you pay for your policy depends on what coverage you buy, how much you want to cover, and where you set your limits. There are many types of homeowners policies available when once you decide to be a homeowner or not. The most significant part of homeowners insurance is the level of coverage. Avoid paying for more than you require. Below are the most common levels of coverage.
As insurance policies come in many shapes and sizes, the same is true for insurance companies and agents, who can charge different rates for the same coverage. Bigger insurers are not always better and small don’t essentially have the best customer service. So, it’s always good to shop around for the top deals and ask the precise questions in an attempt to know what you are really receiving.
Prior to signing on the dotted line, you should understand that not all homeowners policies are the same. This is always one of the most common misinterpretations about insurance. According to a survey, more than a third of the homeowners said they did not have or didn’t identify if they had adequate homeowners insurance coverage. In 2005, after Hurricane Katrina affected the city of New Orleans, and again in 2012, when Superstorm Sandy damaged numerous communities in New York and New Jersey, thousands of worried survivors got a rude shock when they found their standard homeowners’ policies did not cover flood damage.
Many catastrophic events are not covered in the basic homeowner’s policy, but they are still insurable and require additional levels of insurance. In some cases, homeowners need entirely different policies, which are usually several times costlier than the typical homeowners’ premium. Some homes are situated in high-risk areas such as flood, hurricanes and earthquake zones, which make buying additional insurance a top priority for these homeowners. Instead of the usual $250 to $1,000 deductible under basic coverage, you have to shell out 1 to 5% of your home’s insured value (up to 10% in Florida).
Hurricane season is an old threat for many residents living along the southeastern coast of the U.S. Hurricane Matthew, which made arrival on Oct 8, 2016, left an expected $6 billion worth of property loss in its devastation across states such as Florida, South Carolina, North Carolina, Georgia, and Virginia. If you live in a region that is prone to hurricanes, you must have certain emergency plans in place. Homeowners in hurricane-prone areas need to act fast to file damage claims with their insurance firms. For instance, if your home is insured for $200,000 and your plan has a 3% deductible for hurricanes, you will have to expend $6,000 out-of-pocket on a storm-related claim.
When you buy a homeowners insurance policy, one of the must have insurance policies, you must prepare the latest home inventory to speed up a claim settlement if you ever need to make one. A complete home inventory, help your insurance company verify the property easier, which in turn makes settling your claim easy. Additionally, you can validate losses for your income tax return with the latest home inventory without any hassles.
For many homeowners, insurance is something to be thought of again, i.e., until the worst occurs. Homeowners who wait until they experience a loss before assessing their own policies do not get the full value – may be little value – out of their incalculable premium payments.
Homeowners insurance is a monetary agreement, but it should also be treated as a living entity to be cherished over time. By reading your policy wisely, shopping around for the suitable agent, comprehending your coverage limits, and create an updated property inventory.
Americans buy home warranty to protect themselves from repair and replacement costs of home appliances that fail due to normal wear and tear. Unfortunately a lot of policy holders feel let down by the result after filing a claim with their warranty company. Some people are ignorant that they have the power to dispute the outcome of a claim when one is filed; others are conscious that many customers succeed when they dispute a claim correctly. The procedure involved in disputing a claim can be extensive, but can be worth time investment.
A home warranty is a service contract that covers systems and items in your home that are usually not covered by homeowner’s insurance. Furnaces and outside air conditioning units, plumbing and electrical systems are items commonly covered under a home warranty protection plan. The homeowner requests a claim with the warranty company when a covered item requires repair. Some home warranty providers repay the homeowner for the cost of the repair while others send a contractor directly to the home for repairs.
You should look at these factors carefully for any items that you estimated to be covered by the home warranty contract you aim to procure. Make sure you read the contract one more time and understand the reason for denial. In some cases, even courts cannot help you if the claim was denied for a reason clearly stated in the contract.
So what are some of the common reasons for denial of claims on home warranty?
Always be polite and be friendly with customer service professionals. They will go an extra mile if they like you. The first step should always be that you speak to customer service supervisors and their bosses who make the decision. Assuming those steps did not result in a favorable outcome, you can follow these escalation steps:
Home warranty companies take lot of heat from consumers especially on reviews sites like ours. Consumers think home warranty plans provide blanket coverage just like auto insurance. But these are different kinds of insurance products. Chances of your appliances needing repair are much more than your car getting involved in a road accident, although premium you pay is about the same. So, obviously insurance companies have to make some profit to stay alive and that is why there are small print clauses that exclude certain conditions. Not many people will read the contract and will be surprised when their claims are rejected. As pointed out by Mr. Lehmann below, positive experiences are less likely to be talked about and many reviews here on this site are overly negative.
The president and CEO of HSA Home Warranty has responded to the criticism and negative reviews on this site. We appreciate home warranty companies coming out and explaining the facts. We also think they need to ensure home owners understand the product terms before signing the contract. Homeowners warranty is one of those products that needs little bit of consumer education.
Here is the complete response –
I feel that I have to respond to the comments that I read on this blog. I have been the president of this company for 25 years. It disturbs me to read these comments when I know that we work so diligently to deliver the best service that we possibly can. Unfortunately, the individuals who post their opinions are overwhelmingly those that feel that they were treated unfairly. I think that some statistics might be helpful to those individuals who read this site. We have 100 opinions posted on this site. Of those, approximately 25 are people who had a good experience and wish to share it. All others express negative comments. This is out of almost 85,000 people who filed claims with us last year. So you are hearing from far less than 1% of our claimants on this site. What you don’t hear is from the 85% plus who had claims and were very satisfied.
Furthermore, over 40% of our business comes from renewal customers who thought highly enough of our product and service to renew their warranty coverage. In other words a huge majority of our customers are very satisfied with their coverage and keep their warranty coverage with us for a long period of time.
While I applaud the high satisfaction rates of some of our competitors, you might notice that they do not have very many opinions registered. That is possibly because they only conduct business in a single community or state. The national companies, like HSA, have a more challenging situation in that they cover the entire country from Fargo, ND, to Abilene, TX to Philadelphia, PA to Orlando Florida. It is a tremendous challenge to form a network of vendors that covers the entire country. With this challenge comes some variance in the quality of service contractors performing the repairs. We do our best, every day, to bring on high quality service people. However, the alternative is no warranty protection if your community is smaller, more rural, or difficult to access.
There are those who complain that they had to wait several days in high heat or extreme cold to have their furnace or air conditioner repaired or replaced. If you look in your yellow pages you may notice that there are a finite number of companies who do this work. When there is a heat spike or a heavy freeze they are under tremendous pressure to accomplish all of the repairs. Whether you have a home warranty or not, it is likely that you will have to wait to get your repair work done. In fact, we believe that we do get repair people to you faster than if you did not have a warranty, because we send these companies a lot of business and have service contracts in place to establish high expectations with our service people.
Further, if you need a rare part or a new unit, we might be able to get them faster than the local company because we often buy directly from the manufacturer. Still there are only so many service companies and it takes time to get to you when there are weather extremes in your area. We also have a service guaranty in our contract that ensures we will respond to your service request in a timely manner or we will let you contact a vendor outside of our network to ensure fast service. Our people do their very best to bring you the fastest service possible. It is in our best interest to have satisfied customers.
Our CSR’s are monitored and trained on a daily basis. All telephone calls are recorded. We review these for quality assurance purposes and if there is a complaint about “rudeness” we listen to the call and review it with the CSR. As we review these we frequently find that the “rudeness” may have occurred after a customer became irate, abusive or profane with the CSR. We do instruct them to end the call if they are subject to extremely abusive language or profanity. The CSR’s are nearly always friendly, courteous and helpful. If not, they are retrained. If that is unsuccessful, further corrective action is taken up to and including termination.
With this response I pledge that all complaints about our service surfaced on this site will be fully reviewed to be sure the proper claim decision was made. While there are times when customers are upset that our contract terms do not allow us to cover every claim, I am confident that we stand by our service experience and address problems as they arise.
Some customers complain about being non-renewed after a claim. On average, we pay 1.1 claims per contract. That’s our business. We pay claims and provide service to people. However, you may have seen allusions to receiving $10,000 in claims. Obviously we cannot pay that kind of money out on every warranty. These individuals usually have eight to twenty claims. If we did renew this type of property, the cost of the warranty would be raised very high for everyone else and make the product less available to consumers who need the budget protection our warranty provides. We also will non-renew for persistent abusive or profane language and for behavior we consider unethical. Just as you have the choice of warranty providers, we have the ability to choose not to do business with individuals who exhibit this type of behavior.
Some complaints are about hold times. We continually strive to improve our hold times. In these economic times longer hold times are a problem. You may have experienced them with airlines, banks, credit card companies, insurance companies, etc. We are actually pleased that we have been able to keep the standards that we have and even improve our hold times in several target areas. We have not moved to a foreign call center or outsourced our call center operation. All of your calls are answered here in the United States by HSA employees trained in the values of our organization. They take tremendous pride in providing you industry leading customer service.
I wrote this letter because I could not tolerate without response the people who call us thieves, liars and con men. We work very hard to deliver the best service and coverage that we can with integrity and fairness, and have done so for 25 years. We judge our success by the number of people who renew their warranty coverage with us year after year. These are the more than 85 percent of our customers who file a legitimate service request and receive fair and prompt service. If that were not true we could not keep our customers.
Robert Lehmann – CEO & President of HSA Home Warranty
Can a Contractor benefit from the Home Warranty Companies? There may be universal consensus on the subject which is why this article is dedicated to show how work can be extracted and also examine the full scope of benefits a Contractor can draw from a Home Warranty Company.
The better the reviews for a Home Warranty Company (New York, Virginia, Texas, California, etc.), the better your chances of earning and saving more at the same time. What makes it so attractive is the almost nullification of advertising costs for the contractor. All companies that work along with Contractors offer free referrals to Contractors, to all their home warranty customers.
In order to make the most of the significant market that exists, it is never enough to know the technical know-hows of how to repair electronic appliances but you should also be ready to expend a part of your revenue into marketing your brand.
Another reason it is beneficial to work with a Home Warranty company would be because it guarantees continuous work, and you are less prone to be out of work on a not-so-profitable season. With increasing work calls from the Home Warranty Company, the more chances you have at expanding your brand, either by hiring new technicians or buying new work-enhancing technology. With this sort of reliability, you could be fixing an AC and heater at any time of the year.
This can also prove beneficial to the Home Warranty company too as the contractors provide good reviews of the companies they are working with, increasing their chances of contacting them again or even spread goodwill by word of mouth.
When you decide to take on this relationship with a Home Warranty Company, it is also important for a Contractor to remember that he/she must be efficient in receiving calls from customers, who are directed from the Home Warranty company itself. Customer service is the lifeline on which the success of Contractor business can rely on, especially in the case where you are working with a Home Warranty Company where all your customers are directed from the contact number you provide the company.
Joining bigger Home Warranty Companies can give you a form of exclusivity if one outperforms all the contractors a company has hired. This will allow you to appear at the top of their list of contractors, especially if they provide reviews’ section.
Almost all leading Home Warranty Companies offer online applications which you can fill up in your leisure time and submit with all the relevant information typed in.
Some of these leading Home Warranty Companies include,
The customer reviews’ section within our own website can also be found for some of the top rated Home Warranty Companies like American Home Shield, The Home Service Club, Secure Home Warranty, America’s Preferred Home Warranty-APHW, Select Home Warranty and First American Home Warranty (also picked as 2017’s Editor’s Choice, a brand new category introduced this year).
However, all contractors are requested to review the home warranty companies they’ve worked with on an exclusively dedicated space called the Vendor’s Area. Here, one can dish out all the good and bad experiences one’s had by taking up the jobs given by the home warranty companies.
Some of the benefits to the contractor by working with a Home Warranty Company like above, in addition to the ones already mentioned, would be:
Renowned Home Warranty Companies also help their contractors in times of need, which include an experienced support team and a high limit on calls. Companies like Home Warranty of America also helps Contractors claim costs.
Before filling up your application form to become a Service Contractor, it is a necessary step to license your contractorship. Every Home Warranty Company expects the Service Contractor they are about to work with are certified contractors with a license and hence you are required to fill up your license ID in the application form.
Also you are required to fill in your Auto Insurance Policy Number, and your General Liability Insurance Policy Number (optional). Insurance Policies are in your own interest, hence even if some of them are optional we recommend you create one if absent.
Diversifying your skills can also be very beneficial before applying for a Contractorship with a Home Warranty Company. As you fill up your application, you are asked of your specialization and hence learning new skills can help you strike off more blanks, increasing your popularity among the reviews and consequently help increase your revenue.
Consistent work can be guaranteed when you are able to juggle with different kinds of repairs be it plumbing, garbage disposal, weed/lawn mowing, ceiling fans, gas fireplace or septic system. These numbers can go up to a hundred so a little bit of extra skill can only put you so much ahead of the rest of the contractors.
If you are looking to expand your presence in contractorship, applying to work with a Home Warranty Company is the best as it can get. You can save and earn more at the same time, a chance usually deprived for those working outside of these companies. There are many ways you can utilize such an opportunity, more so as there are numerous Home Warranty Companies and your chances at getting in at any one of them aren’t nearly dim. Go ahead and fill your applications now!
Our portal also lets you access some of the most sophisticated lists of best home warranty companies, ranked on a various different criterion. This is, in addition to the Complaint Resolution Program (CRP) and Home Maintenance Calculator. Be sure to check them out!
Most of us know how to identify a faulty socket, a home appliance that isn’t working right or a leaky roof panel. What about noticing a structural defect before it gets out of hand? By definition, any crack, fault or deviation in the structural integrity of the building is identified as a structural defect, one that requires immediate attention. And here comes the Structural Warranty for your aid, provided if you have carefully chosen the policy after going through the fine print of the contract.
Often these defects are noticed in load-bearing elements of the home – the beams, roof frames, support walls and the like. For example, a shift or crack in the foundation stumps could play a part in putting off balance the entire house, as can a fault line in one the walls along the perimeter that hold up the roofs entire weight.
The first step to identifying a structural defect is knowing what it really is. A structural defect is any element of the building’s structure that shows signs of faulty workmanship or materials that results in or may in the future result in:
The cost of repair is astronomical, as compared to fixing appliances or cosmetic non-load bearing partitions and frames. Accessing the foundation stumps can cost an easy $10,000; double if the house is large. While structural engineers and inspectors can be easily hired for routine inspections, it is important for you to be able to spot defects as well.
When it does come to a hired professional, you have the option between a Licensed Engineer and a Home Inspector, the former being advisable as he or she has the authority to not only notice a defect but also suggest plans of action in order to rectify the issue. If you plan on investing in a Structural Warranty or State Warranty for your home, then it usually comes with an inspection.
In the US, soil expansion and other elements of nature account for an easy twenty-five percent of structural defects, but improperly built structures play a large role as well. Bulges in walls due to temperature expansion or loose brick or wood beams, faulty roofing, slanting walls and their lack of load bearing capabilities, cracks – all add up when it comes to construction methods which did not follow the necessary precision and regulations.
Before purchase, a home inspection is considered mandatory for all practical purposes. For an investment that large, it makes no sense flying blind and taking a risk, especially when it comes to the reliability of the structure itself. Unfortunately, that is not the end of it. All statistics indicate to structural defects manifesting themselves 4 to 7 years post the completion of the building, which leads interestingly to why 10-year coverage Structural Warranties have become so common.
The roots of the building that keep it grounded and steady with an equal distribution of load, a weak foundation can not only be the death of a home but can also be very difficult to fix. Just like a game of Jenga, the home stands firm on its foundation, load bearing frame of walls and roof. If the base shakes, it all comes tumbling down.
Now the tricky part is that faults in the foundation are difficult to identify early on. The first signs of these are seen in the floor – buckling or raised tiles and planks, ruptures, sagging of the flooring materials and crumbling or concrete. Improper sloping and drainage can be markers as well, often caused by roots of surrounding trees that are spreading under your home.
So check if you have a structural warranty in place and that it covers all the mentioned damages so that you can have a worry-free stay at your home!
Unless the fault is rising up from the foundation, defects in flooring usually owe their existence to faulty workmanship. If the inspection shows that the damage is only on the topmost layer – affecting the tiles, wooden planks or stone surface – then you needn’t worry about the integrity of the foundation below.
Any seepages at the floor level, loose tiles due to the grout crumbling and wood warping or raising due to moisture and gaps between tiles are all signs of structural damage. It may seem like a cosmetic issue but left unattended the damage could cause faults in the foundation as well.
No wonder, the recommendation to have a structural warranty makes sense to have, ain’t it?
Homes made of concrete can be easily subjected to expansion and contraction. Due to the increase and decrease in moisture and temperature, ruptures begin to appear on the walls and floor.
Cracks on the surface are not usually a problem, especially if they remain static and do not increase or spread. Known as Hairline Cracks, they are less than a tenth of a millimeter and rarely grow or increase in length and width.
Ruptures that are around a millimeter in width can be more visible, but even these can be treated on the surface for cosmetic reasons. They almost never expand and mean no harm to the structure of your home, though depending on where they are positioned they may cause seepage.
Constant expansion and contraction in states that experience extreme changes in weather may cause cracks that are a lot more distinct, often around doors and windows. Not only do they alter the structure of the wall to a certain extent, they also are a few millimeters wide. This shift can cause windows and doors to jam or not shut at all, which may require attention.
A crack with a width of over 5mm is cause for alarm and needs to be inspected. While they can be fixed by reworking on certain parts of the wall, there is a chance that the crack may have damaged the wiring, plumbing, and service pipes which run through the walls.
More than 15mm and you can be rest assured that immediate attention is necessary. No doubt, there has now been some impact on the pipes and wiring inside the walls, and if it needs to sustain a monsoon then seepage is inevitable. Most often, cracks of this width are difficult to miss, and they cause windows, doors, and woodwork to warp and slant. Walls may bulge in certain parts, and floors may slope and rise, making the weight-bearing beams compensate for the load that the walls should be bearing.
Having a Structural Warranty in such instances is nothing but a big relief. The home is covered and the repair costs for such huge cracks are all taken care by the home builder.
Walking around the outside of your home can tell you a lot about its structure. Keep your eyes open for sagging roof ridges, external cracks, gaps between utilities like chimneys and the adjoining walls, and bulges or recessions in the walls.
Windows and doors must be tested for proper mechanics, as well as for cracks around them due to pressure. It helps to keep a right angle tool ready to check if the corners are clear and without slopes.
Another reason to look both outside and inside for defects in correlation. If cracks and shifts on the outside matchup with defects on the inside, rest assured there is a deep rooted defected that is definitely structural.
It may be a tough decision to make, but when you are hunting for a home then it’s a good idea to check if builder-sold homes come with Builder Structural Warranty to back up their reputation.
Home Warranty focuses on the houses appliances and interiors, while Builder Warranty usually takes care of all the heavy duty structural detail, windows, doors and internal systems. Though both their purpose and choosing a plan that offers both is a good idea, it may be best to have your house inspected before choosing one – Home or Builder.
So, it is always good to have the protection and peace of mind a homeowner gets when the home has a structural warranty in place and the appliances are backed up by a legitimate home service contract or home warranty policy!
American Home Shield, the nation’s largest home warranty provider, announced that it has launched a new website to help first-time homebuyers. While there are many resources available online, the new website, FirstHomeResources.com aims to be a one-stop shop for consumers ready to buy their first home.
A recent survey from the National Association of Realtors (NAR) showed that owning a home is a high priority for 51 percent of renters. With this kind of figure, it is apparent that more help is needed for anxious first-time home buyers who will be hungry for thorough information. FirstHomeResources.com is a comprehensive website for home buyers who are scouting for information online.
Speaking on this initiative, Philipp von Holtzendorff-Fehling, Chief Marketing Officer of American Home Shield said “American Home Shield’s mission is to make home ownership easier and this website is just an extension of that mission”.
He said purchasing a home is a complicated and daunting process for first-time homebuyers as it requires significant planning and research efforts. The company has built this website as a free resource to help future homeowners navigate the pitfalls and prepare for the unexpected.
We at HomeWarrantyReviews.com, present a comprehensive review of the new website.
At first glance, the site looks amicable and contains menu bars for easy navigation. Here are the menu choices and a closer look at the features offered.
This section introduces you to homeownership, its benefits and responsibilities and how owning a home can build equity when compared to renting one. As a first-time homebuyer, it is important that you recognize the nuances of a buyer’s market. Also in limelight are the most vital aspects of buying such as mortgages & creditworthiness, as well as the credit score system, affordability and mortgage plans.
It then moves on to explain the home market and types of homes to look for. “Planning your Search” section provides insights on working with a real estate professional in finding a home. This area stresses the fact that the Internet is the best place to research and gather relevant data.
You can also download a complimentary copy of the “First-time Homebuyer Guide” which contains key tips and checklists to plan your purchase and move.
Making a purchase is probably the most crucial juncture in fulfilling the dream of owning a home. This segment covers diverse aspects surrounding the deal. From hiring an inspector to helping you assess the pros and cons of a property, to shopping for mortgage and more, detailed purviews are provided here. This section also covers the value of a home warranty and traditional homeowners insurance along with the benefits of those services. For a homeowner, a home warranty can provide important protection against unexpected expenses when covered major appliances/systems break down due to normal wear and tear.
If you have struck a happy deal with the seller and are settling down, refer to this section for links and websites to help homeowners. While many websites listed are primarily the services offered by Service Master, this section also covers some external websites.
This area gives an opportunity to enter a drawing to win iTunes gift cards from American Home Shield. Two $50 gift cards and one $500 gift card will be given away each week and an additional $3000 winner will be drawn monthly. The sweepstakes is open now through 10/31/13.
American Home Shield is a subsidiary of The ServiceMaster Company and is the industry leader in the home warranty industry. Founded in 1971, AHS services more than 1.3 million customers across 49 states in the US. The Memphis-based company employs approximately 1,800 employees and has a national contractor network made up of over 10,000 independent home-service contractors.
With a global network of more than 7,300 company-owned, franchise and licensed locations, Memphis-based ServiceMaster is one of the world’s largest residential service networks. The company’s high-profile brands are Terminix, TruGreen, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.
Disclaimer: The information provided here is to educate homeowners with the latest industry updates. We are not advising for or against any of the above companies.
There are few home warranty companies that do not charge service trade fee or “deductible”. If you are looking for such companies, please read on. Please note that we do not endorse any of these companies.
IMPORTANT: To read most recent list of companies that offer Zero dollar deductible, please visit our Home Warranty Plan Comparison section and sort the companies by Deductible (low to high)
Following are the home service contract companies that offer zero deductible as of this writing:
As a website dedicated to offering honest information about the various matters related to Home Warranty, we have collected the feedback of several appliance warranty customers in the form of reviews. Please check out our tool to find top rated home warranty companies in your area. There, you can sort through the various companies based on their premium amount, deductible amount, ratings and total reviews.
In an insurance policy, a deductible is the sum of money paid by the insured party before an insurer will pay any expenses. It is usually a fixed amount and is a part of most policies covering losses to the policy holder and must be paid by the insured before the insurance company’s own coverage plan begins.
For example, an auto insurance policy may bear a $500 deductible. If the owner of a car hits another car by mistake while parking and both drivers decide that the loss is minimal, he or she would pay the repair bill $500 out of his own pocket. Insurance companies would not support a claim for such small damages. Based on the incident, the deductible may apply per covered incident, or per year. For policies where we can’t restrict the incidences, the deductible is usually applied per year.
An insurance premium is the definite amount of money charged by insurance firms for active coverage. Cost of a premium can differ widely for the same service, which is why experts strongly suggest getting several quotes before committing to an insurance policy. Insurance brokers or agents takes basic information from people and evaluate an insurance premium estimate depending on the answers and other factors.
The lowest quoted cost on a premium may be the better deal, but the level of coverage may also be lesser. Insurance premium is mainly based on statistics, while people’s habits and history can cause the premium to be lower or higher. For example, a 22 year old male looking for car insurance for a sports car can often predict a higher insurance premium than a 45-year old woman driving a mid-size sedan. Both may perhaps have excellent working records, but the insurance company considers the younger driver in faster car to be at more risk for accidents. Thus, the premium quotes will be clearly different.
In general, a faster car will cost more to insure, just because the owners of those vehicles tend to drive faster. The amount of a deductible is typically related to the amount of premium charged by the insurers. That is, higher deductible amount are usually related with lower premium rate and vice versa. Try to find stability between reasonably priced premiums and a fair deductible when buying insurance.
When you look at the words most often used in emotional complaints about home warranty companies you may find that “scam” is a very common term. But if you look very closely at the home warranty industry it’s hard to find evidence of a scam rooted in the established home warranty companies.
Though homeowners are not always happy with the speed or manner of the response to their claims it takes more than just complaints to make a true scam. So are there no scams in the home warranty industry? My personal opinion is that there are plenty of scams and if you look back you’ll find plenty more in the past. Does that make the home warranty industry unique? I definitely don’t believe so. Auto insurance, health insurance, home building, government, religion – you name it, there have been scandals and grounds to throw words like scam around. A home warranty is not unique in that it has unhappy customers. Show me an industry without unhappy customers and I’ll be the first to change careers. But like I mentioned before, home warranty customers have been victimized and are probably being victimized even today.
Spotting the scams and the companies that are not operating with the best interests of their customers in mind is the very first priority. This is where homeowners and legitimate home warranty companies can work together. Real estate agents, home repair contractors, home inspectors, and many other professional and customer advocacy groups can also help to point out the signs that home warranty companies are not doing what is right for their customers.
How can homeowners identify home warranty companies that are likely to be scams or just not be doing what is right in terms of their commitments to customers? There are a few basic approaches to getting a good read on a home warranty company and all of them involve some time spent doing homework. What this comes down to really is customers taking their time and not making impulse purchases of home warranty contracts. And during that period of finding out about a home warranty company here are some things homeowners would be wise to look out for:
It’s difficult to predict what sort of stunt criminals will pull tomorrow but in terms of what scams I’ve heard of up to now, here are a few. The names may be funny but the financial losses and wasted time on the parts of the jilted customers are nothing to smile about.
This one involves a company that isn’t a company at all. It has none of the financial depth that is required to cover the costs of handling repairs and replacements when home warranty customers file claims. In fact, these companies rarely have a real office and follow the same pattern almost every time. They deny all the claims they can, approve the ones they can’t but then don’t pay anyone for the work performed, and then when frustrated customers cancel they promise refunds which they also fail to pay.
These companies oftentimes pay their contractors and approve returns but do so in such a way as to gradually put the company further and further behind on various debts. While they do this they use positive customer reviews to attract more customers and also spend a great deal on advertising in some cases. By the time they become fat with customers and reach their peak they’ve already bankrupted the company through poor management. The customers who are holding new home warranty contracts the day the company finally sneaks out its back doors and turns off the phones are the ones who get hit the hardest. Sometimes this type of scam leaves a long-term trail of customers who don’t find out their contract is worthless until they attempt to contact their home warranty company’s customer service center. This grab-the-cash-and-dash routine has burned many, many homeowners over the years.
Some people who found bad home warranty companies get away with their misdeeds or only receive a slap on the hand that holds the checkbook. They then go on to start other home warranty companies using new company names and sometimes using different people as the officers or owners of the company. By disguising themselves they evade the public scrutiny that would otherwise stop their scams cold. Homeowners caught up in the web of these characters can count on denied claims, shoddy work, unpaid contractors pursuing the homeowner for debts the home warranty company owes payment for, and many other unpleasant circumstances.
For the sake of other consumers, friends, and the home warranty industry where companies work diligently to satisfy their customers, any homeowner who feels that a claim was handled unfairly or that there are signs of misconduct on the part of their home warranty company should not remain silent. All too often home warranty companies give the overall industry a bad name with their poor handling of claims, contractor relations, or other important areas of their businesses. And in the case of true scams, more often than not, the people behind the scams only get away with what they do because it takes so long for anyone in a position to stop them from realizing what is happening. As consumers realize their options to use government offices, social media, and word of mouth to sound the alarm about bad home warranty companies it will become more and more difficult for new scams to find victims.
This is a guest article written by Kevin Wallach. As owner and writer at CompareHomeWarrantyQuotes.com Kevin spend a great deal of time collecting information to help his readers better understand home warranty plans. Though home warranty is not the most popular topic online, it does mean a lot to homeowners who need help with questions about it.
Ever wondered what is the difference between home warranty and homeowners insurance ? Are they not same? Let’s find answers for these questions.
While home warranty and home insurance products may come across as same, they are totally different. The coverage, cost, terms and conditions vary greatly. Home insurance is compulsory in some cases whereas home warranty is a recommended choice.
Home warranty offers protection for your major appliances, as well as plumbing and electrical units. It covers the cost of repairing or replacing major household appliances in case they break down, provided they meet the terms and conditions of the home service contract.
Home insurance covers your home in the event of damage due to natural calamity or man-made disasters and offers you liability protection from lawsuits in case of a third party involvement. If your neighbor came visiting you and accidentally fell and got injured and decides to sue you, then home insurance will take care of the claims. Home insurance is mandatory if you have a mortgage on your home.
Items covered by a home warranty may vary by company and plan, but typically includes the following items:
In case of an uncertain event like fire, theft, vandalism, or certain natural disasters, the cost of damages are covered. It also covers your personal items and gives you liability protection. Liability insurance will protect you from lawsuits in the event that someone is injured on your property. Home insurance will only insure your personal items in case they are stolen or ruined in a disaster. Repairs and replacements due to wear and tear are not covered.
The insurance policy varies depending on your state of residence and type of policy, but generally it will cover the following.
Home is the most prized and cherished possession any individual can have and nobody anticipates damages to this, therefore a home insurance provides you the following benefits when you cover your home.
A standard warranty runs $300 to $500 for a year of protection, which covers the cost of repairing or replacing a home’s major systems and appliances. Home sellers typically pick up the tab for the first year of coverage. Extended coverage plans for pools, spas and washers and dryers can be purchased at an extra cost.
Insurance cost varies from state to state and depends on the extent of coverage and the location of the property but a standard insurance can cost any homeowners insurance is between $300 and $1,000.
When you are planning to buy a home warranty, make sure that you do some research. Check our home warranty reviews section that provides pricing, comparison, quotes and consumer reviews of all major companies. When you are getting price quotes, inquire to look over a sample policy. Bear in mind to understand the entire policy, together with the fine print.
Another advantage of home warranty policy is that it is transferable. That means when you sell the house the warranty would be passed to the new owner. This has proved to be a well-liked feature amongst home buyers as homes having home warranties are selling at increased prices and in much shorter times. This in itself could make it sensible to get a home warranty policy.
When a covered appliance breaks down you need to contact your warranty company. A warranty company already has business ties with different service vendors. They will in turn contact a service repairman to come to your home and repair the appliance. The repairman will fix the item or recommend replacing it. The service repairman will bill your warranty company directly, but you have to pay a service charge when the repair person visits your home.
With any kind of insurance, it is always a good idea to shop around and evaluate benefits and prices as most insurance companies will provide you a policy discount. Ensure you read the policy before writing a check and ask any queries that you have in mind.
So, the conclusion is that home warranty and insurance are complementary to each other. You can choose to protect everything you own, provided you can afford to. Keep in mind that these insurance products do cost a bit more, but compared to the benefits they provide and the peace of mind you get, it seems like a very small amount. Insure your home as well as buy a home warranty all within your budget.
Whether you are seeking to buy a home in the Phoenix area or sell one, you definitely need a real estate professional that you can trust. Some real estate agents perform better than others with regards to a number of homes sold but there are plenty of other factors such as good knowledge of the city of Phoenix, an established professional reputation with former clients to look for while choosing a trustworthy real estate professional. The leading Arizona real estate agents continue finding unique ways of marketing home listings and work diligently to educate homebuyers and sellers.
Below is the list of top 5 real estate agents in Phoenix who can assist you with their innovation, their sales production and their proficiency in short sales, investment properties, relocation, second homes and/or vacation homes and much more!
With more than 38 years of experience as an Arizona realtor in the greater metro Phoenix/Scottsdale area, Joani Frankel has watched the neighborhood grow from almost a million people to over 4 million people. Frankel moved to Arizona to escape the cold of the Northeast and was lucky to have a realtor who excelled in “people” services. This know-how framed her skills and values as a Real Estate professional. As a proficient realtor, Frankel is empowered to research solutions and is backed by two skilled assistants to provide supportive, informative and resourceful information. Over the years, Frankel has been active and successful and have acquired a strong network of experts that support her services and help treat each new client with respect and courtesy. Frankel says, “I love life and try to live each day with care, courtesy and consideration for all I meet and all I do.”
As a graduate of Syracuse University, Frankel puts her degree and business background to work for you each and every day. Frankel is a Buyer Broker Specialist at Realty One Group and has consistently listed and sold multiple millions of dollars of property each year. Whether you need a home inspector, a lender, an interior design consultant, a cleaning service or personal concierge, you can avail the best support team to work for you! Since 1978, Frankel has been serving as a dedicated Buyer’s broker and is well versed in problem-solving, contract negotiation and above all, fair, ethical and caring client support and service. Frankel says, “My career goals are only met if YOU are satisfied as I serve as your Buyer’s Representative. You may be looking for your 1st home or your 10th! It might be a condo or a mansion. If you are an investor I’ll help you increase your bottom line!”
Frankel operates mainly in neighborhoods such as Cave Creek, Chandler, Fountain Hills, Glendale, Goodyear, Litchfield Park, Paradise Valley, Peoria, Phoenix, Mesa, Scottsdale, Sun City, Surprise, and Tempe. She is a Senior Real Estate Specialist (SRES) and her specialties include:
Frankel is knowledgeable on reverse mortgages, real estate planning, 1031 exchanges, and housing options and has also been educated on all aspects of 50+ buying and selling.
A native to Phoenix, Jacqueline Moore is ardent about everything in business, from marketing products to streamlining processes and evolving technology. With a strong eye for detail, Moore knows how to drive initiatives for both the organization and the management team contributing to long-lasting operational brilliance. Her commitment to charitable organizations and the community stem from her background in education. Whether it is monetary support through each real estate transaction, events, and awareness, or daily help involving contact and participation, Moore has become prominent by identifying the communities that support and need support too.
Moore has lately taken the position of leading the Phoenix Operations for Opendoor. Recently listed on the front page of The Wall Street Journal Business section, Opendoor is changing the way homes are bought and sold by bringing top class software, data science and design to an old industry. Based in Silicon Valley, Opendoor is on a mission to help alleviate some of the pain points of one of the more complex, hectic processes; the residential real estate transaction. Every decision in Opendoor is led with honesty, certainly impacting one of the greatest assets around; homeownership.
Before Opendoor, Moore was the Vice President of HomeSmart managing 20,000+ transactions and $4.2 billion in sales volume yearly. Over the years, Moore has been helping her clients through the entire buying process and with the professional standards that her customers expect while selling their homes. Passionate about helping house hunters, Moore is devoted to delivering quality homes to the market. A proud graduate of the Grand Canyon University, Moore enjoys traveling, cooking, and creating the next best finger painting!
Over the past 30 years, Harrison has been committed to bringing happy buyers and sellers together. Whether it’s buying or selling, she ensures to make the process as stress-free and enjoyable as possible! A full-time Associate Broker, Harrison dedicatedly helps her clients by the implementation of effective sales strategies and marketing tools to best market their homes. Harrison has expertise in relocation services (Small or Large Corporate moves), pre-owned, luxury, vacation, and new construction residential homes and is also experienced in real estate investments and 1031 tax deferred exchanges. She has even had the honor of being a pre-licensing Real Estate Instructor for the State of Arizona for almost a decade. Besides, Harrison assisted Bank United of Miami Florida with their REO properties for 2.5 years before their FDIC closure. She has also successfully owned and operated her own real estate company in Texas. As a reliable multi-million producer, Harrison approaches her business with determination, enthusiasm, and passion.
Harrison moved to East Valley in 1998 and concentrates her practice in cities such as Chandler, Phoenix, Gilbert, Queen Creek, Sun Lakes, Mesa, Tempe, Gold Canyon, San Tan Valley, Ahwatukee, and Maricopa. An Alumna from The University of Texas at El Paso, Harrison is proud to hold the following designations sponsored by the National Association of Realtors (NAR):
Harrison is well aware of the latest real estate developments and knows how to discover the finest properties and negotiate the best deals. She embraces strategies to identify desirable properties for buyers and implements innovative marketing techniques for the sellers. As a Licensed Arizona Real Estate Agent, Harrison skillfully manages clients’ transaction details to include inspections, deadlines, title work, loan procedures, and professional recommendations. Harrison’s awards include:
She has the following relocation certifications:
Harrison’s interests include football, cooking, gardening, and movies.
Liz Harris has a true passion for real estate. Whether working with Arizona first-time buyers, new home buyers, short sales, luxury home buyers, Harris guides her clients through every step of the real estate process. Harris is one of the highly respected agents and keeps her updated with the newest trends to impart the necessary real estate information to her clients in this rapidly changing industry. Founder of Liz Harris realty, based in Chandler, Arizona, Harris is an 11 year veteran of buying and selling six and seven figure properties in the Phoenix metro area.
A resident of Maricopa County, Arizona since 1999, Harris always goes the extra mile whether it is finding buyers for her listing or placing a buyer in a dream home. She has carved a niche for herself in the Phoenix Metro real estate by specializing areas such as Chandler, Gilbert, Mesa, Paradise Valley, Phoenix, Queen Creek, Scottsdale, and Tempe. As a Certified New Home Buying Specialist, she expertly negotiates with new home builders to get the terms and conditions they want. Harris employs knowledgeable marketers who use cutting-edge marketing tactics to get maximum exposure and increase online presence in minimum time using Facebook, YouTube, Google and more!
Harris symbolizes the perfect blend of positive energy, integrity, and vision while maintaining a strong determination to get the result you want. This has helped her acquire the professional designations such as Certified Short Sale Negotiator (CSSN), Certified Distressed Property Expert (CDPE) and the following:
As a proud wife and grateful mother of 3, Harris finds fulfillment both in her personal life and her business life. She enjoys roller coasters, hot bubble bath and roller skating. Consistently ranked in the top 2% of producing agents, Harris would love to hear from you!
With over 25 years of experience in the real estate industry, Janssen’s goal is to help her clients in every phase of buying, selling or investing in real estate. Her experience with RE/MAX, one of the world’s prominent franchisors of real estate brokerage services, help provide the most powerful real estate brand, recognition, and resources to the clients. As a resident of the Valley of the Sun for the past decade, Janssen relocated to Arizona from Park Ridge, Illinois, where she held a Broker’s license and was a legal assistant in a law practice focusing on real estate. Bi-lingual in Spanish, Janssen also holds Florida’s broker license. “My pledge is to provide superb professional services and an exceptional experience!” says Janssen.
Janssen is a very detailed and studies properties thoroughly to obtain the best selling price possible. She is a delight to work with and mainly active in areas such as Apache Junction, Carefree, Fountain Hills, Paradise Valley, Cave Creek, Chandler, Gilbert, Mesa, Phoenix, Queen Creek , Rio Verde, Scottsdale, and Tempe. Her professional designations and certifications include the following:
Additionally, Janssen has earned the Certified Negotiation Expert (CNE) designation and the Green Certification. She was recently acknowledged into to the Master of Real Estate (MRE) Society by demonstrating her commitment to excellence through professional education and practices. Less than 1% of REALTORS in Arizona belong to this elite Society.
Janssen along with her husband Sascha, an expert helicopter pilot and also multilingual in German and Dutch are active in local organizations including Christ Church of Fountain Hills and Fountain Hills Sister Cities. She enjoys the outdoors and spending time with family, friends, and her two sons. “I look forward to meeting and working with you, and welcome the opportunity to demonstrate professional services that get results!”
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 are a homeowner in Ohio, this is an article that can’t miss! Your home is probably the biggest investment in your life and you know it takes time and money to keep it running well. We’re sure that you would’ve considered a home warranty plan to save yourself hundreds of dollars in repairs and replacements. But are you sure you know about the best companies in your locality? This is why you need to know about the best home warranty companies in Ohio.
Being the 10th most densely populated state in the country, Ohio does have numerous players in the home warranty sector. Yet, some companies have managed to outshine others with exceptional services and great products. You may already be knowing that our website ranks companies based on feedback collected from actual customers. We have also used these reviews to come up with the best home warranty companies in the country. So, based on said reviews, here are the companies that top the list of best appliance warranty providers in Ohio-
We’d like to provide you some more details about the companies in this list. HomeWarrantyReviews.com has a detailed page for every company listed with us and we also have a statewise list of companies. So if you have friends and family in other states, do tell them to pay us a visit for getting their home warranty needs to be addressed.
American Home Shield (AHS) is a company that laid the foundation of the home warranty industry, Since its inception in 1971, American Home Shield has always been a popular choice among American homeowners. AHS has a nationwide footprint with even some parts of Canada being included in their coverage.
Being one of the first companies to sell warranty products, their experience is close to unmatched. All AHS home warranty plans are designed to cover major appliances and systems at reasonable prices. A typical AHS warranty plan would cost somewhere between $249 – $500+ and the deductible per service visit would cost somewhere between $75 – $125. The company maintains a massive contractor network of over 11,000 skilled and licensed technicians who are selected after a careful screening process. AHS, like most of the top players, maintains around the clock customer service facility and also runs an online claims submission program. Backed by strong reviews, this is one company that totally deserves to be on top of this list.
Home Service Club or HSC, is a company who considers themselves innovators in the field of home warranty. HSC’s primary focus has always been on providing the best possible service to their customers. The company’s coverage spans 48 states across the country. HSC believes that the frequent surveys and customer feedback programs they conduct are the reason why they are able to stay on top of their game.
HSC’s plans do not mandate a home inspection, neither do they place a restriction on the age of the appliances. A standard plan from HSC will cost around $400 and the deductible per service visit is charged between $65 – $125.
Yet another company with huge popularity in Ohio is Select Home Warranty (SHW). Select has a vast national network of contractors and is also a company with a commendable tenure in the home warranty industry. Headquartered in New Jersey, this company covers anything from rental properties and condos to mobile homes.
For homeowners in Ohio, SHW provides three types of home warranty plans each varying in the level of coverage. On an average, SHW’s plans are priced between $299 – $599 and most plans have a service call fee of $60. This is yet another company that does not place a restriction on the age of appliances, neither do they mandate a home inspection.
HSA is a company with close to 30 years experience in the home warranty industry and they also have immensely positive reviews from their customers. Headquartered in Wisconsin, HSA believes that their success is attributed to the problem-solving capabilities and the commitment of their team.
Their primary product, the appliance warranty plan, comes in two variants for Ohio homeowners and they cost between $589 – $619 and their deductible cost ranges between $75 – $100. Customers are also given the option to extend coverage by adding items from a pre-selected list of add-ons.
Choice Home Warranty (CHW) is a company known for providing comprehensive warranty plans to their customers. The company claims that they can cater to the needs of homeowners, real estate agents, buyers and sellers.
CHW offers transferable home warranties to homeowners, buyers and sellers alike. Standard plans are priced between $370 – $450 and the average deductible charge is $60. CHW has a 24/7 customer service facility and also an online claims facility through which customers can manage and track the progress of their claims.
While we have indeed provided you with a list of some of the best companies, we recommend that you conduct ample amount of research before you zero in on a choice. Our website would be an excellent place to find out insights about home warranty companies across the country. We suggest that you go through user reviews and go through our statewise list of companies before you decide. We hope you found this useful and don’t hesitate to contact us in case you have a query. Cheers!