A home warranty can bring you the peace of mind you need about your home and safeguard your savings account from large expenses by covering your home's major systems and appliances.
There are many benefits of owning a home in Lexington Fayette. However, major home systems and appliances, like your electrical systems and refrigerator, can stop working due to normal wear and tear, leaving you with expensive repairs.
Finding the best home warranty plan for your Lexington Fayette home can be difficult, so our team at House Method did the research for you to help you find the best home warranty in Lexington Fayette. Keep reading for our home warranty recommendations and learn which plan works best for your home.
Now that you're ready to purchase a home warranty plan, the first step is deciding what items you want coverage for. From there, you can compare plans and contact different home warranty providers to get a free quote. Before deciding which home warranty to purchase, here are a few additional factors to consider:
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 makes it more affordable when one of your home systems or appliances has a complication. A home warranty can help homeowners who need to stick to their budget and don't want to dip into their savings to pay for large repair or replacement expenses. Typically about 30 days after paying for a home warranty, the coverage will start on your home systems and appliances.
When you have a system or appliance that experiences a problem, you file a claim with your service provider. You can do so online or by telephone, and then a repair technician will come and fix the problem. At this point, you will pay your service fee, which is usually 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 it's within the coverage cap, most homeowners will not have any other out-of-pocket costs .
A home warranty plan will cover systems and appliances that have stopped working due to normal wear and tear. For instance, if your A.C. suddenly needs repairs under normal use conditions, you can call your home warranty provider. The appliances a home warranty typically covers include a refrigerator, stove, microwave, clothes washer, dishwasher, cooktop, clothes dryer, and more. The systems included are the electrical, water heater, heating system, air conditioner, plumbing, and more. Many plans also offer add-on coverage options like roof leaks, central vacuum, locksmith, and even septic systems.
A Lexington Fayette home warranty will only protect against normal wear and tear. If you are experiencing cosmetic issues with appliances or you have not properly maintained your home systems and appliances, the home warranty will not cover it. Also, natural disasters, intentional breakages, and pre-existing conditions are not covered with a Lexington Fayette home warranty.
Lexington Fayette'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 will cover your home's appliances and systems if 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 needed repairs, saving you from spending a lot of money out of pocket.
Additionally, having a Lexington Fayette home warranty can help make your house more appealing to potential home buyers if you ever decide to sell later. Many home warranty companies will allow you to transfer your policy to a new owner and give them the same protection you've been receiving.
Home warranties also have some downsides. Though it can save you time when the home warranty sends out a contractor who handles the repair for you, some people may not like this, and they may want to choose a contractor themselves. If that's important to you, some home warranty companies allow you to choose a contractor. Another stipulation is that home warranties usually only cover repairs needed due to normal wear and tear. They most likely won't cover home systems or appliances that have been damaged due to improper maintenance, animal infestations, natural disasters, etc.
Whether or not a home warranty is worth it comes down to your personal situation. Like any other sort of insurance policy or warranty, its purpose is to give you some peace of mind, 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 companies in Lexington Fayette, the best overall is Choice Home Warranty. It offers comprehensive coverage at an affordable premium. However, other companies reviewed above are also great choices for Lexington Fayette residents.
The best overall home warranty provider in Lexington Fayette is Choice Home Warranty but the right company for you will depend on factors such as what appliances and systems you need coverage for.
Home warranty policies cover problems related to home systems and appliances that need to be repaired or replaced due to normal wear and tear. The homeowner's insurance policy is a different kind of plan that protects one's entire home from situations like natural disasters and fires. It doesn't cover typical appliance or system breakage.
A home warranty plan can help homebuyers, real estate agents, homeowners, investors, and home sellers. It can offer peace of mind and savings to anyone involved in homeownership.
The systems and appliances in a home are covered under a home warranty policy in Lexington Fayette. Everything from a fridge to a swimming pool can be covered under a home warranty.
The service fee is the price homeowner pay each time there is a problem with a home system or appliance. The service fees are usually between $60 and $150.
Owning a home can be expensive. When a system or appliance breaks down, it can leave homeowners unexpectedly having pay a large amount of money to fix it. With a home warranty plan, you won't have any large hits to your savings account just to keep your home up and running.