A home warranty is a way to protect your budget from unexpected large expenses. With a home warranty in place, your repair costs can be remarkably lower and allow you to live in your home with more peace of mind.
Homeownership in Silver Spring has lots of positives, but it also does not come without worry and concern. Your home's appliances and systems will eventually need repair and this could mean a burdensome expense hitting your bank account suddenly.
Finding the best home warranties on the market can be quite a challenge because of the many options out there. If you are tired of trying to compare the different options, keep reading for our guide to the best home warranty providers in Silver Spring.
Once you're ready to buy a home warranty plan, the first step is thinking about what items you want coverage for. After that, you can compare your options and call different home warranty providers for a free quote. Options can vary, so consider the following factors when picking 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 the cost of repairing or replacing major home systems and appliances when they have issues over time due to normal wear and tear. Having a home warranty in place can provide some peace of mind and prevent you from paying big out-of-pocket costs. Most home warranty plans take effect about 30 days after paying for the home warranty policy.
When you have a problem with one of your appliances or systems, you can submit a claim with your home warranty provider. Then, a customer service representative will contact you about a repair technician coming over to take a look at the problem. At this point, you will pay a service fee, which is typically between $60 and $150 depending on what plan you select. Once the service fee is paid, a repair person will come to your home, assess the issue, and repair it. If the repair is covered under the warranty and it's within the coverage cap, most homeowners will not have any other out-of-pocket costs apart from the service fee.
A home warranty will cover home systems and appliances from normal wear . The appliances typically covered under a home warranty plan are the refrigerator, dishwasher, washing machine, microwave, dryer, oven, and more. System coverage typically includes electrical systems, plumbing, air conditioning, water heaters, heating systems, and more. Add-on coverage options can vary by company but commonly include things such as a plumbing stoppages, sprinkler system, central vacuum, second refrigerator, and septic system.
A home warranty will only cover repairs and replacements due to normal wear and tear. If you don't take care of your home and follow preventative maintenance guidelines, the home warranty will not cover it. Things such as lack of maintenance, cosmetic damages, misuse, and pre-existing conditions are not included in a home warranty policy.
Since temperatures in Silver Spring can be quite hot in the summer, the weather can put a lot of strain on your air conditioning unit and HVAC system. Getting a home warranty policy can help homeowners save money if one of these systems or appliances stops working suddenly.
In addition, though it varies by company, some providers will allow you to transfer your warranty if you sell your home. This can make your home more attractive to potential home buyers and help your home sell faster.
One downside of signing up for a home warranty is that there are often exclusions. For example, if one of your appliances already has a manufacturer's warranty, it may be excluded from the home warranty, so it's important to read over any contracts you're considering thoroughly to get a sense of what is included and what isn't. Another downside is that home warranties may exclude some repairs, such as 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.
A home warranty can be the solution to some of a homeowner's maintenance worries, but in the end, it's up to you to decide if investing in one is the right choice for you and your family. Make sure you do your research and read over any home warranty plans that you're seriously considering buying to understand what repairs will and will not be covered under your contract.
Hopefully, this review of Silver Spring's best home warranty options has helped you narrow down your choices and find the right plan for you. The best provider in Silver Spring is Choice Home Warranty. Its comprehensive coverage, fair pricing, and easy to understand plans make it a great home warranty for Silver Spring homeowners.
The top home warranty company in Silver Spring is Choice Home Warranty. Choice Home Warranty has an expansive network of experienced repair technicians and a respected reputation in the Silver Spring area.
Home warranty plans cover issues with systems and appliances that need repairs or replacements due to normal wear and tear. A homeowner's insurance policy is a larger insurance that protects your entire home from natural disasters and fires. It doesn't cover typical appliance or system damage.
Most home warranty companies have a 30-day waiting period before you can file claims, but some may let you file sooner so make sure you check with the company about this.
Most home warranty plans will cover replacement costs in addition to repair costs. The coverage cap varies from one plan to the next. You can expect that home warranties will give you some money towards a replacement but the entire replacement may not be paid for.
A service fee is a cost that a homeowner pays 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 cost that homeowners have with a home warranty apart from the policy's premium.