When one of your systems or appliances stops working, a home warranty will step in to help you cover the costs. Getting a home warranty can give homeowners the peace of mind they need to feel less stressed by homeownership.
With sunshine year round, Lakewood is a great place to own a home. However, homeownership comes with its difficulties, like repairing your home's systems and appliances.
Choosing the best home warranties on the market can be challenging because of the many options out there. If you are overwhelmed by trying to compare the different options, keep reading for our guide on the best home warranty companies in Lakewood.
Choosing the best company for your home warranty is a step you could take to protect your home. Before deciding which home warranty to buy, here are a few additional factors to keep in mind:
Many home warranties cover or have options to cover appliances and other expensive repairs, which can save you significant money over time.
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A home warranty is a protection plan that brings down the cost of repairs when one of your home systems or appliances breaks down. A home warranty can help homeowners who need to keep a budget in place and don't want to use their savings to pay for large repair or replacement expenses. Typically about 30 days after buying a home warranty plan, the coverage will start on your home systems and appliances.
When a covered appliance or system needs to be repaired, you file a claim with your home warranty provider. Most companies have an online portal to help you do this. Once you file the claim, it will be assigned to a local technician or repair person who will come and assess the issue. At this point, you will pay the service fee. Service fees for home warranty customers range in price from $60 to $150. Most home warranty plans also have a coverage cap, which is the maximum cost per appliance that the home warranty will cover for repairs and replacements.
A home warranty will cover systems and appliances that have broken down due to normal wear and tear. For example, if your A.C. suddenly stops working under normal use conditions, you can call your home warranty provider. Appliances covered under a home warranty plan are typically the dishwasher, microwave, refrigerator, garbage disposal, dryer, and more. Systems that are covered usually include water heaters, electrical systems, plumbing systems, air conditioners, and heating systems. Add-on coverage will vary from one plan to the next, but you can expect to see add-ons like electronics, sump pumps, roof leaks, central vacuums, pools, and spas.
An important thing to consider is that home warranties only cover normal wear and tear on your home systems and appliances. Things like misuse, pre-existing conditions, lack of maintenance, and cosmetic damages are excluded from the home warranty policy.
Lakewood's cold winters can put a strain on a home's HVAC system. Whether it's summer or winter, a home warranty will cover your home's appliances and systems in the event they need to be repaired or replaced. For example, if your air conditioner fails in the middle of July, a home warranty can cover the necessary repairs, preventing you from spending unexpected money out of pocket.
On top of saving you money on out-of-pocket expenses, a home warranty can give you peace of mind and save you the pain of trying to find a qualified technician to visit your home. Home warranties usually have a network of pre-vetted technicians who can handle any repair problems you may experience.
There are also some negatives to getting a home warranty policy, such as the coverage exclusions. For instance, home warranties may not cover systems or appliances that already have a manufacturer's warranty. Another drawback is that home warranties may not include some repairs, like those that are needed because of natural disasters. For example, if a tree falls onto your house and damages the roof, the systems and appliances that were affected probably won't be covered by the home warranty.
Whether or not a home warranty is worth it depends on your personal preference. Like any other kind of insurance policy or warranty, its purpose is to provide you a sense of protection, so you will have to decide how much that is worth to you.
A home warranty can save you a decent amount of money on home repairs and give you peace of mind as a homeowner. When it comes to home warranty company choices in Lakewood, the best overall is Choice Home Warranty. Its comprehensive coverage, affordable pricing, and ease of use make it a great home warranty for Lakewood homeowners.
Our pick for the best overall home warranty in Lakewood is Choice Home Warranty but the right company for you will depend on factors such as what appliances and systems you need to have covered.
A home warranty is a kind of contract that covers repairing and replacing major home systems and appliances.
Home buyers, real estate agents, home sellers, homeowners, and landlords are all eligible for home warranty plans. A home warranty can help make your home more appealing to prospective buyers and save homeowners money in the long run.
Most home warranties have a 30-day waiting period before you can file claims, but some may let you file sooner so be sure to check with the company about this.
Home warranties will cover the cost of repairs and replacements as long as it is within the policy limits of the plan. If the replacement will cost more than the home warranty plan covers, you will have to pay for the rest out of pocket.