A Lexington home warranty can help protect home buyers and current homeowners by covering major repairs and replacements on your home's appliances and systems.
Homeownership in Lexington has quite a few benefits, but it also does not come without its challenges. Your home's appliances and systems will eventually need repair and this could mean a huge expense hitting your bank account suddenly.
Finding the best home warranty plan for your Lexington home can be time-consuming, so our team at House Method did the research for you to help you find the best home warranty in Lexington. Read on for our home warranty recommendations and find out which plan works best for your home.
The first step in protecting your house with a home warranty is determining which provider's plan is the best for you. Figure out which appliances and systems in your home you want coverage for and compare the plans. When figuring out which home warranty company is the best one for you, here are some important factors to take into account:
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 refrigerator stops working and the repair is several hundred dollars, a home warranty will ensure that you only have to pay a predetermined service fee. Home warranty coverage usually starts without an inspection and you can generally start using it about thirty days after making your first payment.
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 to help you 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. Once you submit the claim, it will be assigned to a local repair technician that will come to your home and take a look at the issue. At this point, you pay your service fee. Service fees generally range in price from about $60 to $150 and this is the only out-of-pocket fee you will need to pay unless the repair cost is higher than your home warranty's coverage cap.
Home warranty plans help protect both home systems and appliances. A home warranty can cover repair and replacement-related expenses that are due to normal wear and tear. Typical appliances covered by a home warranty plan include a garbage disposal, microwave, refrigerator, dishwasher, washer, dryer, and more. The systems that are most commonly covered will be air conditioners, electrical systems, plumbing systems, hot water heaters, and heating systems. The add-on coverages can include roof leak, pool, septic system, spa, and sometimes even things like locksmith or pest control.
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, cosmetic damages, pre-existing conditions, and misuse are not included in the home warranty policy.
Lexington is known for its hot summers, and if you live in Lexington, you know that those summers can be sweltering. During the summer months, your air conditioner can be strained in its effort to combat the heat. In the event that your air conditioner did give out, a home warranty can cover the repairs and prevent you from spending out-of-pocket expenses.
Another added benefit of having home warranty coverage is that it can raise your home's property 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 main drawback of a home warranty is not every home system and appliance may be covered. It's important to weigh the different plans and purchase one that covers all the appliances, systems, and add-ons you need. Another drawback is that home warranties may exclude some repairs, such as those due to natural disasters. For example, if a tree falls onto your house and damages the roof, the systems and appliances that were impacted most likely won't be covered by the home warranty.
Although home warranties do have some things to bear in mind, whether during winter, summer, or the months in between, a home warranty can help lower the inevitable expense of home appliances and system repairs, giving you some peace of mind.
Hopefully, you now feel like you can choose the right home warranty for your Lexington home. Choice Home Warranty stands out as the best overall home warranty. Choice Home Warranty offers comprehensive coverage at an affordable price.
The best home warranty provider in Lexington is Choice Home Warranty. Choice Home Warranty has an expansive network of experienced technicians and a great reputation in the Lexington area.
A home warranty is a kind of service contract that gives homeowners extra coverage for their household systems and appliances. These include washing machines, refrigerators, garbage disposals, dishwashers, dryers, sump pumps, water heaters, electrical systems, plumbing, and heating and cooling systems, among others. Some policies also provide coverage for roofs, ceiling fans, garage door openers, and pools. A home warranty can help you save money if these items fail unexpectedly.
A home warranty plan helps protect against the normal wear of systems and appliances in a home. Homeowners insurance protects your home in case of something such as a natural disaster or fire. With a homeowners insurance plan, you will not be able to file a claim if you need a new refrigerator or air conditioner, unless the damage is due to a natural disaster.
A home warranty policy will cover repair and replacement costs for systems and appliances in a home. Home warranties only cover damage due to normal wear and tear and often don't cover pre-existing conditions.
Home warranties will cover the cost of repairs and replacements as long as it is within the coverage cap of the plan. If the replacement costs more than the home warranty plan covers, you will have to pay the rest out of pocket.
A service fee is a cost that a homeowner must pay before a repair person or contractor comes to your home to fix your home warranty-related problem. The pricing is typically between $60 and $150. Service fees are sometimes called deductibles, and they should be the only out-of-pocket cost that homeowners are subject to with a home warranty apart from the monthly premium/annual cost.