A Madison home warranty policy can help protect you by covering major repairs and replacements on your home's appliances and systems.
With sunshine year round, Madison is a great place to own a home. However, homeownership doesn't always come easy, like repairing your home's systems and appliances.
Because the home warranty market is filled with a variety of providers — all with different plans — our team at House Method did the research for you to help you find the best home warranty in Madison.
The first step in protecting your real estate investment with a home warranty is determining which provider's plan fits your needs. Think about the appliances and systems in your home you need coverage for and compare the plans. Below is a list of some tips on looking for a home warranty in Madison:
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 malfunction over time due to normal wear and tear. Having one in place can offer 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 paying for the home warranty policy.
When a covered appliance or system needs to be repaired or replaced, you file a claim with your home warranty service provider. Most companies have an online portal system where you can do this. After 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 usually between $60 and $150 depending on what plan you choose. Once the service fee is paid, a repair person will come to your home, assess the issue, and repair it. As long as the repair is covered under 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 in Madison typically covers the main systems and appliances in the house. The appliances covered include a stove, microwave, clothes dryer, dishwasher, cooktop, refrigerator, clothes washer, and more. The systems included are the heating system, electrical, water heater, air conditioner, plumbing, and more. Add-on coverage options can vary by company but commonly include things such as a sprinkler system, plumbing stoppages, septic system, central vacuum, and second refrigerator.
Madison homeowners should know that a home warranty will only cover repairs and replacements due to normal wear and tear. Home warranties do not cover things like misuse of a system or appliance, natural disasters, cosmetic issues, or pre-existing conditions. You have to keep up with preventative maintenance on your home systems and appliances to ensure that your next repair or replacement-related problem will be covered by the policy.
Madison's 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 necessary repairs, saving you from spending unexpected money out of pocket.
Another added benefit of having a home warranty policy is that it can raise your home's real estate value. If you ever decide to sell your home, you may be able to transfer your home warranty plan to the new home buyers depending on the company you have your home warranty with.
One disadvantage of signing up for a home warranty is that there are usually exclusions. For instance, 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 through the contracts you're considering carefully to understand what is included and what isn't. Another thing to bear in mind is that some providers don't cover pre-existing conditions and may require an inspection before coverage begins. Ask the home warranty company for clarification about it if you need more information or if this is a problem for you.
A home warranty can aid with some of a homeowner's maintenance troubles, but in the end, it's up to you to decide whether or not investing in one is a good choice for you and your family. Make sure you do your research and read through any home warranty contracts that you're seriously considering getting to understand what repairs will and will not be covered under your contract.
We hope you now feel positive that you can choose a home warranty company in Madison after reading our guide. The best provider in Madison is Choice Home Warranty. It offers comprehensive coverage of all the essential home appliances and systems at an affordable cost with several add-on options.
Our pick for the best overall home warranty provider in Madison is Choice Home Warranty but the best company for you will vary based on factors like what appliances and systems you need coverage for.
Typically coverage for a home warranty policy begins 30 days on the day the sale closes. However, a few companies may allow you to file a claim before this, so check with customer service to find the exact waiting period for your situation.
The systems and appliances in a home are covered under a home warranty plan in Madison. Everything from an oven to a swimming pool can be covered under a home warranty.
Most home warranties cover replacement costs as well as repair costs. How much the coverage cap is varies from one plan to the next. Home warranties will give you some money towards a replacement but don't expect to have the entire replacement paid for.