The home buying process can be especially confusing for new home buyers because they are faced with lots of new decisions to make including purchasing a home warranty. Although every homeowner knows that they need a home warranty very few people really take the time to explain what a home warranty does for the home buyer.
In today’s post were going to cover the basics of home warranties so you can be more knowledgeable about this important form of insurance protection.
What Does A Home Warranty Cover?
Home warranties cover most of your appliances in your home including the following items:
- Air conditioner.
Purchasing a home warranty is important because it can easily save you thousands of dollars per year on repairs that you will have to make to your home, all by yourself, if those areas of your home that need repairs are not covered under a home warranty.
How Much Does It Cost?
A home warranty costs between $300 and $500 per year and it’s totally worth the cost considering what it will cost to repair or replace items in your home if they are damaged, lost or stolen.
How Does It Work?
If you need to use your home warranty to have your air conditioning unit repairs you will first call your home warranty company then they will call their repair company and send that company out to your home.
When you use your home warranty you can expect to pay a typical service charge of $45 to $65 when the service company comes out to repair something in your home that’s covered under your home warranty. If that item needs to be replaced it will be 100% covered by your home warranty so you won’t have to pay anything out of pocket.
To learn more about home warranties, or to view the latest Orange County homes for sale, contact Fred Sed and Associates today by calling us at (949) 272-0125.