A home warranty is a way to protect your budget from unexpected home repairs and expenses. With a home warranty in place, your repair costs can be significantly lower and allow you to live in your home with more peace of mind.
With a relatively mild climate, Knoxville is a great place to own a home. However, homeownership doesn't always come easy, like repairing and replacing your home's systems and appliances.
Since the home warranty market has many providers — all with different offerings — our team at House Method did the research for you to help you find the right home warranty in Knoxville.
Deciding on the right home warranty in Knoxville for you depends on the kind of coverage you want, the home warranty provider you go with, and where you live, among other factors. When figuring out which home warranty provider is the best one for you, here are some important 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 home protection plan that can decrease the cost of on appliance and system repairs and replacements. Our appliances and home systems are what make living in a Knoxville home comfortable and convenient. When these things start to break down, it can be costly and a pain. Fortunately, with a home warranty plan, an affordable repair is just a phone call away.
When a covered appliance or system needs to be repaired, you file a claim with your home warranty company. Most companies have an online portal system where you can 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 a service fee, which is generally between $60 and $150 depending on what plan you opt for. Once the service fee is paid, a repair person will come to your home, assess the issue, and make the repair. If the repair is covered by the warranty and it's within the coverage cap, most homeowners will not have to pay any other out-of-pocket costs after the service fee is paid.
A home warranty plan will cover systems and appliances that have broken down from normal wear and tear. For instance, if your dishwasher suddenly stops working under normal use conditions, your home warranty provider can help. The appliances a home warranty typically covers include a refrigerator, dishwasher, microwave, clothes dryer, clothes washer, cooktop, stove, and more. The systems included are the water heater, air conditioner, heating system, electrical, plumbing, and more. Many plans also offer add-on coverage options like roof leaks, locksmith, central vacuum, and even septic systems.
A home warranty will only protect against 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.
Knoxville'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 in the event they need to be repaired or replaced. For example, if your air conditioner stops working in the middle of July, a home warranty can cover the repairs, saving you from spending unexpected money out of pocket.
Another benefit of having a home warranty while selling your home is that some providers let you transfer your home warranty to the new owners. It can make your home more attractive to potential home buyers and may help your home sell faster.
One downside of 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 be excluded from the home warranty, so it's important to read over the contracts you're considering thoroughly to understand what is included and what isn't. Another stipulation is that home warranties typically only cover malfunctions due to normal wear and tear. They commonly won't cover systems or appliances that have been damaged due to natural disasters, improper maintenance, animal infestations, etc.
Although home warranties do have some exclusions to keep in mind, no matter the season, a home warranty can help reduce the inevitable hassle of home appliances and system repairs, giving you a little peace of mind.
Hopefully, this review of Knoxville's top home warranty options has helped you narrow down your choices and decide on a plan. Choice Home Warranty is the best overall home warranty provider in Knoxville. It offers comprehensive coverage of all the essential home systems and appliances at an affordable cost with several optional add-ons.
Our pick for the best overall home warranty company in Knoxville is Choice Home Warranty but the perfect company for you will vary based on factors such as what appliances and systems you need to have covered.
A home warranty helps protect against the normal wear of home systems and appliances. Homeowners insurance protects your entire home in case of something such as a natural disaster or fire. With homeowners insurance, you won't be able to file a claim if you need a new washing machine or air conditioner, unless the damage is a result of a natural disaster.
A home warranty can help homeowners, homebuyers, home sellers, investors, and real estate agents. It can offer peace of mind and savings to anyone involved in homeownership.
Home warranties will cover the cost of repairs and replacements as long as it is within the coverage 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.
A home warranty in Knoxville can cost anywhere from $40 to $80 a month. Higher-priced plans usually have higher coverage limits, more coverage, and a lower service fee.