Appliance Protection Under Home Warranties

Do you have a home warranty plan for your house? If yes, you’ve secured yourself against expensive appliance repairs. But if you haven’t, it is time you rethink your decision, particularly if your home appliances are over 10 years old.

The home warranty provides protection for your home appliances, insuring them against major break downs and failures. Most home appliances incur high maintenance costs, and have a predefined life expectancy. It can be pretty disconcerting to arrange a hefty budget for unexpected repairs. The home warranty gives you a peace of mind, enabling you to redirect a substantial part of your costs towards the insurer.

While you are out looking for a home warranty plan for your house, it is important for you to keep a close eye on the terms and conditions laid out in the contract.

Here are a few things you need to look out for to maximize your benefits.

What Is and Isn’t Covered?

Every home warranty plan may not necessarily cover all home appliances. It is important to read through the contract details to find out what is and isn’t covered under the plan. Generally, however, most major home appliances are covered, which means you’ll be able to save yourself from hefty expenses nevertheless.

Limitations

Generally, the home warranty covers all problems that occur within the defined geographic boundaries of your house. If something happens even an inch outside this perimeter, you won’t be able to use the home warranty plan for repairs. For instance, if the plant roots seem to grow into the sewerage pipelines on the outskirts of your house, it will most probably not be claimable under the home warranty plan.

Besides this, some insurers may demand consistent maintenance and repairs. If you are intentionally delaying minor repairs to augment the damage, you might end up losing the home warranty coverage. The cases are usually investigated to make sure they are eligible for the home warranty plan.

Pre-existing Conditions

Any problems that already exist are usually not covered under the home warranty plans. These need to be identified and rectified before the home warranty plan can be signed. If you’re adamant to get these problems covered nevertheless, it will result in a higher premium for the home warranty plan.

Non-Refundable

Home warranty plans are not refundable. So if you are not using it often, you won’t be able to redeem its benefits later. In the long run, you might end up spending more in home warranty premiums than on repairs!

Problems Owing to Manufacturer’s Defect and/or Workmanship

These issues are not covered under the home warranty plan. You need to make sure you are not using low-quality materials and appliances in the house to claim these later under the home warranty plans. The idea is to cover for unexpected break downs, not intentional ones.

Need professional advice on how to make the best use of your home warranty plans? Contact Bonfe and leave all your worries with us!

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