A home warranty is a way to protect your savings account from unexpected home repairs and expenses. With a home warranty in place, your repair costs can be considerably lower and give you some peace of mind.
As much as you may love homeownership in Collierville, there is always that worry about whether or not your systems and appliances are going to need repairs over the next few years.
Finding the best home warranties on the market can be quite a challenge because of the sheer number of options out there. If you are tired of trying to compare the different options, keep reading for our guide to the top home warranty providers in Collierville.
After looking into the basics of home warranties in Collierville, your next step is to decide which company you're interested in getting a free quote from. Below are some tips on looking for a home warranty in Collierville:
Many home warranties cover or have options to cover appliances and other expensive repairs, which can save you significant money over time.
Get a free quote from our #1 recommended provider in Collierville
A home warranty is a protection plan that covers the cost of repairing or replacing major home systems and appliances when they break down over time due to normal wear and tear. Having a home warranty in place can offer you some peace of mind and guard your bank account from large out-of-pocket costs. Most home warranty plans take effect about 30 days after paying for the home warranty plan.
When a covered appliance or system needs to be repaired or replaced, you file a claim with your home warranty provider. Most companies have an online portal system to help you 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 the service fee. Service fees for home warranty customers range in price from $60 to $150. Most home warranties also have a coverage cap, which is the maximum amount per year that the home warranty company will cover for repairs and replacements.
A home warranty plan will cover systems and appliances that have broken down due to normal wear and tear. For instance, if your dishwasher suddenly stops working under normal use conditions, you can call your home warranty provider. The appliances usually covered under a home warranty include clothes dryer, refrigerator, clothes washer, garbage disposal, dishwasher, microwave, and more. The systems usually included are air conditioners, ductwork, plumbing systems, electrical systems, and hot water heaters. Many home warranty plans also offer add-on coverage options like locksmith, septic systems, roof leaks, and even central vacuum.
An important thing to note is that home warranties only protect against normal wear and tear that occurs on your home systems and appliances. Things like cosmetic damages, pre-existing conditions, misuse, and lack of maintenance are not included in the home warranty policy.
Temperatures in Collierville can get quite high in the summer, which means your air conditioner is likely to get a decent amount of use. As a homeowner in Collierville, one of the benefits of having a home warranty is that these home systems and major appliances can be covered in the event they have to be repaired or replaced.
A home warranty can also give value in other ways. For instance, some plans can be transferred to another owner when you sell your home.
As for the disadvantages of home warranties, coverage varies by company so it's important to understand what each plan covers and doesn't include in the contract. Another thing to bear in mind is that some companies don't cover pre-existing damage and may require an inspection before coverage begins. Ask the home warranty provider for clarification about it if you aren't sure or if this is an issue for you.
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 mitigate the inevitable cost of home appliances and system repairs, giving you a little peace of mind.
Hopefully, this review of Collierville's best home warranty options has helped you narrow down your choices and find the best plan for you. All of these top home warranty providers have impressive histories and backgrounds and coverage options. Among them, Choice Home Warranty stands out as the best overall choice. It offers great coverage at an affordable cost. However, other providers mentioned above are also great choices for Collierville residents.
Our pick for the best overall home warranty in Collierville is Choice Home Warranty but the perfect company for you will vary based on factors such as what appliances and systems you need coverage for.
Home warranty plans cover issues with systems and appliances that need repairs or replacements due to normal wear and tear. The homeowner's insurance policy is a different insurance that protects one's entire home from situations like natural disasters and fires. It doesn't cover normal appliance or system repairs.
A home warranty plan can help real estate agents, investors, home sellers, homeowners, and homebuyers. It can offer peace of mind to anyone involved in homeownership.
Typically coverage for a home warranty plan begins 30 days after payment. However, a few providers may let you make a service request before this, so check with customer service to find the exact waiting period for your situation.
A home warranty in Collierville can cost between $40 and $80 a month. Higher-priced plans typically have more coverage, higher coverage limits, and a lower service fee.
Homeownership can be pricey. When a system or appliance breaks down, it can leave homeowners unexpectedly having pay a large amount of money to fix it. With a home warranty policy, you won't have any large hits to your savings account .