Repairs. Maintenance. Replacements.
Homes whether large or small, leased or bought, belong to us and we all have the desire to make sure it is in top condition. From our driveways, to our porches and backyards, we keep them in top condition not just because society says we should but because our homes mean the world to us. There are different ways by which we can protect the systems in our homes, we could wait for them to go bad then employ the popular ‘DIY’ i.e. do it yourself methods, we are sure there are countless manuals out there that show you a step by step guide on how to fix a damaged system but remember they won’t tell you the cost of having to replace the entire system or appliance if you do a botched job. Also, some repairs have to be carried out by experienced trade service labor to ensure the problem is well handled, not lead to compounding of the issue and incur more cost.
Our homes are precious to us, so we ensure that they remain in top condition but indoors and outdoors. Our homes consist of different gadgets, appliances, systems that make it livable for us. These appliances, systems are prone to damage, wear and tear so we need to find a way to protect against this inevitability. This where home warranty comes into play. The decision of which plan to take under a home warranty is totally dependent on you as an individual and what you feel works for you. There are choice home warranty reviews out there and you easily check there out.
Home warranty is a prescribed annual service contract between a provider and a home owner that specifies the cover of repairs or replacements of key appliances and home system components that suffer from wear and tear then break down over time.
Home warranty plans cover the different parts and components of home systems and not just systems but appliances to e.g. Kitchen appliances. They reach to cover damages from wear and tear, in addition to help relive the stress and unexpected expense of replacing or repairing a damaged home system or home appliance when the unexpectedly breakdown.
On the average, the cost of a home warranty is between $350-$600. This cost is arrived at when some elements are factored into the cost of the plan. They are size of your home, the additional services or benefits you want, the plan selected and the full extent of your coverage. All these different elements go into the price of your home warranty and whatever plan a homeowner decides to opt for will come with a contract that will clearly show what coverage the homeowner will enjoy.
If as a homeowner you want as large a home warranty coverage as possible, then it will be dependent of the plan you will choose. If you want all your systems and appliances covered by your home warranty, then you would have to select a plan that gives you this benefit. There are different options on how to pay for your home warranty as provided for by different companies who render this service. As a homeowner you could opt to make a monthly payment of your plan which may or may not come with a service fee, or you could make an annual payment of your home warranty plan.
The average cost of a home warranty is said to be around $350-$600 but most homes will have an average of about $400 which in turn covers over $18000 worth of appliances and systems. So, all you need to do as a homeowner is to pay the full amount for your annual plan, but if this amount seems a bit to much to pay all at once, find out if your home warranty service provider offers monthly payments whereas you could divide this amount by twelve and pay it monthly.
Now, most people are saying, I know what a home warranty is, and I use it but even then, there is a part under my contract that says, ‘set trade service all fee’, what is this? Well, when you place a request to have a system or appliance checked out for repairs or replacement, the cost of labor for the contractor is called a trade service call fee. It is usually a flat rate fee which a homeowner is expected to pay for the service needed. It is usually the only amount paid for as long as the damaged system or appliance is covered under the agreed contract.
The next question would be, how much does a home warranty trade service fee cost? Well, it depends on the home warranty service provider. It differs from one company to the next also on the type of plan taken up by the homeowner.
The great benefits of purchasing a home warranty plan are numerous. Firstly, you do not have to worry about the stress of replacement or repairs when you have incidents of damage to your home appliances or home systems when they happen. Secondly, imagine the savings on repairs and replacements you would enjoy. You can save as much as $250 on electrical system incidents within your home under a home warranty plan and as much as $230 on incidents involving plumbing within your home as long as these home systems or appliances are covered by your choice of home warranty plan.
It is no longer a choice of leaving your home systems and home appliances under chance of they may or may not suffer from any damage but remember there is still the possibility of wear and tear which arises from frequent use of these systems and appliances. Therefore, the need for a home warranty plan that gives you total coverage of these appliances that are important to you cannot be overemphasized. Then, get yourself a plan which you can afford and also gives you as much protection as you need.