Choosing home warranty coverage carefully may play a role in how much benefit you'll get from a policy. Among the things you may consider are the reputation of the company you are considering and the repairs its warranty covers. Likewise, you may consider the costs you'll face in paying for the warranty and individual claims. Finally, you may also do well to compare companies based on how long you will have to wait between placing a claim and having a repair person arrive at your home.
One thing to consider when you are choosing home warranty coverage is the reputation of the company you are considering. Some companies may have less stellar reputations than others, and getting recommendations from other home owners may help you steer clear of them. If you cannot get recommendations from people you know, you may also look for online reviews of the companies you are considering. Additionally, you may check to see whether consumer-reporting agencies have any records of complaints from dissatisfied consumers.
Another factor to consider when you are choosing home warranty coverage is what the home warranty will cover. To get this information, you will likely have to read the small print on the contract and ask plenty of questions. This is due to the fact that some home warranty companies may not cover certain types of issues. If, for example, a plumbing issue arises in your home, some warranty companies may not cover the replacement of parts that have ceased to function because of normal wear and tear or lack of regular maintenance.
Depending on your needs, you may also look for home warranty coverage that includes replacement rather than just repairs. If, for example, your washing machine breaks, you may want warranty coverage that will replace your appliance if it is beyond reasonable repair. It is important to keep in mind, however, that different warranty companies may have different ideas when it comes to deciding when an appliance or component needs to be replaced rather than repaired.
Costs can also be an important factor when the time comes to choose a home warranty. You may compare various warranties in an attempt to choose the one that is the most cost-effective. It’s important, however, to consider not only the overall cost of a home warranty, but also the amount of money you will have to pay for each claim that results in a visit to your home. You will likely want to choose a company that will charge a manageable amount of money for each claim.
The speed with which you can expect service may also play a role in your decision-making process. You may, for example, prefer a home warranty company that guarantees your claim will be addressed within 24 hours of your call. In general, a good home warranty company will respond to your claim by telephone within a few hours of your request and then send a repair person to your home soon after your claim is approved.