A Prior Lake home warranty plan can help protect homeowners by covering major repairs and replacements on your home's appliances and systems.
Being a homeowner in Prior Lake is an excellent option for those who enjoy nature and quiet neighborhoods. However, as great as Prior Lake is, homeownership always comes with its fair share of downsides, such as trying to finance your appliance and system repairs yourself.
Even though a home warranty can help with your homeowner headaches, one pain point is narrowing down the best choice for your Prior Lake home. That's why we've done the research and have made a guide of the top home warranty companies in Prior Lake.
The first step in protecting your house 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 policies. Here is a list of factors that you'll want to take into account when choosing 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 protection plan for home systems and appliances. When your HVAC stops working and the repair will cost several hundred dollars, a home warranty will make sure that your only responsibility is a predetermined service fee. Home warranty coverage usually starts without an inspection and generally goes into place about thirty days after purchasing the policy.
When a covered appliance or system needs to be repaired, you file a claim with your home warranty service provider. Most companies have an online portal 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 typically between $60 and $150 depending on what plan you select. Once the service fee is paid, a service technician will come to your home, assess the issue, and repair it. 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 apart from the service fee.
A home warranty plan provides coverage on your home's major appliances and systems and it can help cut back on your home maintenance expenses. The appliances typically covered under a home warranty plan are the microwave, oven, washing machine, dryer, refrigerator, dishwasher, and more. System coverage typically includes air conditioning, heating systems, electrical systems, plumbing, water heaters, and more. Add-on coverage will vary from plan to plan, but you can expect to see add-ons such as sump pumps, central vacuums, roof leaks, pools, electronics, and spas.
An important thing to consider is that home warranties only protect against normal wear and tear 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.
Prior Lake is known for its frigid winters, and if you live in Prior Lake, you know that those winters can be rough. During the winter months, your heating system can be overloaded in its effort to combat the cold. If your heater did break down, a home warranty can cover repairs and help cut back on your out-of-pocket expenses.
Plus, having a Prior Lake home warranty can help make your house more attractive to potential home buyers if you ever decide to sell in the future. 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 drawbacks. While it can be convenient that the home warranty sends out a service technician who takes care of the repair for you, some homeowners may not like this, and they would prefer to select a contractor themselves. If that's the case for you, some home warranty plans let you select a contractor. Another potential pain point of home warranties is that they don't cover items that have been improperly maintained. This can lead to your repair requests being denied, so it's important to make sure you follow the manufacturer's guidelines for maintenance of your home systems and appliances.
A home warranty can be the solution to some of a homeowner's maintenance troubles, but in the end, it's up to you to determine if investing in one is the right choice for you and your family. Make sure you do your research and read through any home warranty policy that you're seriously considering buying to get a sense of what repairs will and will not be covered under your contract.
We hope you now feel confident that you can choose a home warranty provider in Prior Lake after reading our reviews. Choice Home Warranty stands out as the best overall home warranty. Choice Home Warranty provides comprehensive coverage at an affordable cost.
The best overall home warranty provider in Prior Lake is Choice Home Warranty but the right company for you will depend on factors like what appliances and systems you need coverage for.
First-time home buyers, landlords, homeowners, home sellers, and real estate agents can all get home warranty plans. A home warranty can help make your property more attractive to prospective buyers and save homeowners money in the long run.
Usually coverage for a home warranty begins 30 days after the payment receipt. However, a few companies may allow you to make a service request before this, so verify with customer service to find the exact waiting period for your case.
Most home warranty plans will cover replacement costs in addition to repair costs. How much the coverage cap is varies from one plan to the next. You can expect that home warranties will give you some money towards a replacement but don't expect to have the entire replacement paid for.
A service fee is an expense that you pay before a service technician or contractor comes to your home to repair 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 have with a home warranty except for the monthly premium/annual cost.