A home warranty can give 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.
With hot summers and cool winters, keeping your home appliances and systems working, particularly HVAC, are extremely important for homeowners in the Hannibal area of Missouri.
Even though a home warranty can help with your homeowner headaches, one issue is narrowing down the right choice for your Hannibal home. That's why we've done the research and have put together a list of the best home warranty plans in Hannibal.
Determining the right company for your home warranty is the first step toward protecting your house. Before deciding which home warranty to buy, here are a few other factors to bear 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 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 one in place can offer you some peace of mind and prevent you from paying exorbitant out-of-pocket costs. Most home warranty plans take effect about 30 days after purchasing the home warranty policy.
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 calling them, and then a repair technician will come and fix the problem. At this point, you will also pay your service fee. Once the contractor takes a look at the issue, they will handle it at no cost to you. The only time a homeowner may have to pay out-of-pocket costs is if the repair or replacement is higher than the item's coverage cap.
A home warranty will cover systems and appliances that have stopped working due to normal wear and tear. For example, if your refrigerator suddenly needs repairs under normal use conditions, your home warranty provider can help. Typical appliances covered under a home warranty include a washer, microwave, dryer, garbage disposal, refrigerator, dishwasher, and more. The systems that are most commonly covered will be electrical systems, plumbing systems, heating systems, hot water heaters, and air conditioners. The add-on coverage options can include pool, roof leak, septic system, spa, and sometimes even things like locksmith or pest control.
Hannibal homeowners should know that a home warranty policy will only cover repairs and replacements that arise from normal wear and tear. Home warranties do not cover things like natural disasters, cosmetic issues, misuse of a system or appliance, or pre-existing conditions. You need to keep up with preventative maintenance on your home systems and appliances to ensure that your next repair or replacement-related complication will be covered by the policy.
Since temperatures in Hannibal can be quite hot in the summer, the weather can put a lot of strain on your air conditioning unit and HVAC system. Purchasing a home warranty can help homeowners save money if one of these systems or appliances breaks unexpectedly.
Additionally, though home warranty companies vary, some providers will let you 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.
There are also some downsides to purchasing a home warranty policy, like the coverage exclusions. For example, home warranties may not cover home systems or appliances that already have a manufacturer's warranty. Another pain point of home warranties is that they don't cover systems or appliances that haven't been properly maintained. This can lead to your claims being denied, so it's important to make sure you follow the manufacturer's guidelines for maintenance of your home systems and appliances.
It can be hard to budget for the unexpected expenses that can come with owning a home, but a home warranty can help you with that. As with any sort of warranty or insurance policy, there will always be benefits and drawbacks of buying one but its main purpose is to offer you protection and peace of mind.
Hopefully, you now feel like you can select the right home warranty for your Hannibal home. The best provider in Hannibal is Choice Home Warranty. Its comprehensive coverage, fair pricing, and ease of use make it a great home warranty for Hannibal homeowners.
The best overall home warranty in Hannibal is Choice Home Warranty but the right company for you will vary based on factors such as what appliances and systems you need coverage for.
Home buyers, real estate agents, homeowners, home sellers, and landlords 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.
A home warranty policy will cover repair and replacement costs for home systems and appliances. Home warranties will not cover the intentional breaking of an appliance or something that happened as a result of a pre-existing condition.
A home warranty plan can cost on average around $300 to $800 a year in Hannibal. Our top-rated home warranty providers' most comprehensive coverage options vary from $546 to $840 per year. You can get a lower monthly payment with some companies by choosing a higher service fee. Additionally, it's typically less expensive to pay annually rather than monthly. For example, the warranty might cost $50 per month or $570 for 13 months. In this example, choosing the annual plan over monthly payments saves you $80. It's important to compare plans to determine what the best price is.