A home warranty can offer you the peace of mind you need about your home and guard your bank account from large expenses by covering your home's major systems and appliances.
Homeownership in Muncie can be a satisfying step for many people, but it also comes with its fair share of challenges. Repairing your home's systems and appliances can be an unexpected financial burden for many homeowners.
Since the home warranty market is filled with many providers — all with different coverage — the House Method team did the research for you to help you find the best home warranty in Muncie.
The first step in protecting your real estate investment with a home warranty is determining which company's plan is the best for you. Think about the items 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 provider:
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 service contract that covers the cost of repairing or replacing major home systems and appliances when they stop working over time due to normal wear and tear. Having one in place can give you some peace of mind and protect your bank account from big out-of-pocket costs. Most home warranty plans take effect about 30 days after purchasing the home warranty policy.
Filing a claim with your home warranty company is straightforward. You can utilize either an online portal system or a direct phone number to file your claim with your home warranty company. The claim is then processed, and a homeowner will pay the service fee to schedule the repair . This repair will typically happen within 24 to 72 hours and there shouldn't be any out-of-pocket expenses. Most service fees are between $60 and $150.
Home warranties help protect your home systems and appliances. A home warranty can cover repair and replacement-related costs that are a result of normal wear . The appliances typically covered under a home warranty plan include clothes dryer, garbage disposal, clothes washer, refrigerator, dishwasher, microwave, and more. The systems usually included are electrical systems, ductwork, air conditioners, hot water heaters, and plumbing systems. You can also optionally opt to pay extra for add-on coverage for items such as septic systems, spas, roof warranty, and swimming pools.
An important thing to consider is that home warranties only cover normal wear and tear that occurs on your home systems and appliances. Things like lack of maintenance, misuse, pre-existing conditions, and cosmetic damages are not included in the home warranty policy.
Muncie's mild winters and hot summers can put a strain on a home's HVAC system. Whether it's summer or winter, a home warranty can help cover your home's appliances and systems if 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 repairs, saving you from spending a lot of money out of pocket.
Another good thing about having a home warranty if you want to sell your home is that some providers let you transfer your home warranty to the new owners. This can make your house more attractive to potential home buyers and may help your house sell faster.
One downside of getting a home warranty is that there are often exclusions. For example, if you already have a manufacturer's warranty on one of your appliances, it may not be included in the home warranty, so it's important to read over the contracts you're considering carefully to get a sense of what is included and what isn't. Plus, if you don't maintain your home systems or appliances properly, or if they need repairs due to a natural disaster or animal infestation — anything other than normal wear and tear — the home warranty may not cover it.
Homeownership is a big responsibility that can be costly, but valuable. A home warranty is one thing that can help with your home maintenance budget, but whether or not it's worth it for you is something you'll have to consider before taking the leap and getting a policy.
A home warranty in Muncie can save you a lot of money and offer you peace of mind when it comes to expensive home repairs and replacements. Choice Home Warranty is the best overall home warranty provider in Muncie. It offers comprehensive coverage at an affordable monthly cost. However, other home warranties mentioned above are also great choices for Muncie residents.
The best overall home warranty provider in Muncie is Choice Home Warranty but the best company for you will depend on factors such as what appliances and systems you need to have covered.
A home warranty plan helps protect against the normal wear and tear of home systems and appliances. A homeowners insurance plan protects a home in case of something such as a natural disaster or fire. With a homeowners insurance plan, you will not be able to file a claim should you need a new dryer or oven, unless the damage is due to a natural disaster.
Home buyers, homeowners, home sellers, real estate agents, and landlords are all eligible for home warranty plans. A home warranty can help make your home more attractive to prospective buyers and save homeowners money in the long run.
A home warranty policy will cover repair and replacement costs for home systems and appliances. Home warranties only cover damage due to normal wear and tear and often don't cover pre-existing conditions.
A service fee is a cost that you pay before a service technician or contractor comes to your home to fix your home warranty-related problem. Prices typically range between $60 and $150. Service fees are sometimes called deductibles, and they should be the only out-of-pocket expense that homeowners are subject to with a home warranty apart from the policy's premium.
A home warranty plan can cost on average anywhere from about $300 to $800 a year in Muncie. Our top-rated home warranty providers' most comprehensive coverage options vary from $546 to $840 per year. You can get a lower monthly payment with some companies by choosing a higher service fee. Additionally, it's typically cheaper to pay annually rather than monthly. For example, the warranty might cost $50 per month or $570 for 13 months. In this example, choosing the annual plan over monthly payments saves you $80. It's important to compare plans to determine what the best price is.