A home warranty in Richmond can help cut your out-of-pocket costs by covering repairs or replacements to major home systems and appliances that break down due to normal wear and tear.
There are many benefits of owning a home in Richmond. But, major home systems and appliances, like your HVAC and washer and dryer, can stop working due to normal wear and tear, leaving you with costly repairs.
Although a home warranty can help with your expenses as a homeowner, one pain point is narrowing down the right choice for your Richmond home. That's why we've done the research and have put together a list of the best home warranty companies in Richmond.
The first step in protecting your home with a home warranty is determining which company's plan is right for you. Consider the appliances and systems in your home you'd like coverage for and compare the plans. Plans can vary, so take into consideration the following factors when deciding on a home warranty company:
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 covers home systems and appliances. When your refrigerator breaks down and the repair will cost several hundred dollars, a home warranty will ensure that your only cost is a predetermined service fee. Home warranty coverage often starts without an inspection and generally goes into place about thirty days after making your first payment.
For Richmond homeowners, when a problem comes up with a covered appliance or system, it is very simple to file a claim. Most home warranty companies have an online portal system where a claim can be filed. At this point, you will pay the service fee, which is generally between $60 and $150 depending on what plan you opt for. After the service fee is paid, a service technician will come to your home, assess the issue, and make the repair. As long as the repair is covered by the warranty and the coverage cap is not reached, most homeowners will not have to pay any other out-of-pocket costs after the service fee is paid.
A home warranty will cover systems and appliances that have broken down from normal wear and tear. For instance, if your dishwasher suddenly needs repairs under normal use conditions, this is a perfect time to call your home warranty company. Typical appliances covered by a home warranty plan include a refrigerator, washer, microwave, dryer, dishwasher, garbage disposal, and more. The systems that are most commonly covered will be heating systems, hot water heaters, plumbing systems, electrical systems, and air conditioners. You can also opt to pay a bit extra for add-on coverage for items such as swimming pools, septic systems, spas, and roof warranty.
An important thing to note is that home warranties only cover normal wear and tear on your home systems and appliances. Things such as misuse, lack of maintenance, cosmetic damages, and pre-existing conditions are excluded from the home warranty policy.
Richmond's cold winters can put a strain on a home's HVAC system. Whether it's summer or winter, a home warranty is designed to cover your home's appliances and systems in the event they need to be repaired or replaced. For example, if your air conditioner breaks down in the middle of July, a home warranty can cover the needed repairs, preventing you from spending unexpected money out of pocket.
Plus, though home warranty companies vary, some providers will allow you to transfer your warranty if you sell your home. This can make your property more attractive to potential home buyers and help your home sell faster.
One downside of a home warranty is that there are generally exclusions. For example, if you already have a manufacturer's warranty on one of your appliances, it may be excluded from the home warranty, so it's important to read over the contracts you're considering thoroughly to get a sense of what is included and what isn't. Another consideration is that home warranties usually only cover malfunctions due to normal wear and tear. They often won't cover systems or appliances that have been damaged due to improper maintenance, animal infestations, natural disasters, etc.
A home warranty can aid with some of a homeowner's maintenance troubles, but in the end, it's up to you to determine whether or not investing in one is a good move for you and your family. Be sure to do your research and read over any home warranty policy that you're considering buying to understand what repairs will and will not be covered under your contract.
Hopefully, this review of Richmond's best home warranty options has helped you narrow down your choices and find the right plan for you. Choice Home Warranty is the best overall home warranty company in Richmond. It offers great coverage of all the essential home appliances and systems at an affordable cost with several add-on options.
Our pick for the best overall home warranty company in Richmond is Choice Home Warranty but the right company for you will vary based on factors like what appliances and systems you need coverage for.
Home warranty plans cover issues related to home systems and appliances that need repairs or replacements due to normal wear and tear. The homeowner's insurance policy is a larger plan that protects your entire home from situations like natural disasters and fires. It doesn't cover typical appliance or system breakage.
First-time home buyers, landlords, homeowners, home sellers, and real estate agents are all eligible for home warranty plans. A home warranty can help make your house more attractive to prospective buyers and save homeowners money in the long run.
Typically coverage for a home warranty plan begins 30 days on the day the sale closes. However, a few providers may allow you to file a claim before this, so verify with customer service to find the exact waiting period for your situation.
Home warranties cover the cost of repairs and replacements as long as it is within the coverage cap of the plan. If the replacement will cost more than the home warranty plan covers, you will have to pay the rest out of pocket.
A home warranty in Richmond can cost anywhere from $40 to $80 a month. Higher-priced plans tend to have higher coverage limits, a lower service fee, and more coverage.