How to Choose a Home Warranty If you’re looking to choose a home warranty, it’s probably because you’re getting ready to move. Or maybe it’s because you just moved into a new place and want to get protected from the unexpected. Either way, there are several important factors you should consider when you choose a home warranty. Factors for When You Choose A Home Warranty Here are some things you should consider before you choose a home warranty: 1. Do you really need one?—the answer to this one is up to you to decide. Do you want to protect your home from the cost of unexpected repairs and replacements? Do you want to pay a small deductible or do you want to cover the entire repair cost from your pocket? If you’re looking to keep your costs as low as possible, your best bet is to choose a home warranty. 2. What does it cover?—most home warranties have pages of fine print, so you need to make sure you read it all thoroughly before you choose. These companies are banking on the fact that you’re not reading all the fine print, so they include all kinds of terms, conditions and additional costs instead of telling you about them up front. That’s why reading the fine print is important. For example, if you’re looking for an easy-to-understand home warranty that tells you in one page exactly what your warranty covers, you could choose Allied Home Warranty. We have a simple one-page contract that makes warranty coverage easy for you. 3. What is the deductible?—it’s important to know how much money is going to come out of your pocket if/when you do need to use your home warranty. The average is about $60, but some companies charge more. 4. What is the annual cost?—you want to make sure when you choose a home warranty that you determine ahead of time if the annual cost, plus the cost of the deductible is worth it. If you’re paying an arm and a leg per year, plus a high deductible, and you never end up using your warranty, that’s wasted money. 5. Are you selling your home anytime soon?—if you are, a home warranty can be a great motivator for a buyer who’s on the fence. Offering a warranty with the sale of your home helps ease a potential buyer’s mind, making him feel better about his purchase. 6. How is the company’s customer service?—you want to choose a home warranty that has a good customer service team. Otherwise you may find yourself dealing with a whole lot of hoop-jumping before you finally get your warranty request serviced. One way to test a company’s customer service is to call in and ask questions. See what your experience is like overall before you choose a home warranty. 7. What are the company’s reviews like?—a good way to get a feel for how it would be to have a warranty from a certain company is to find reviews online. Of course, you should always keep in mind that most reviews are written by angry people who only review things when they’re unhappy, regardless of whether it was the company’s fault or not. By keeping this list of important deciding factors in mind when you choose a home warranty, you’ll be able to make the best possible decision for your home. What factors are most important to you when choosing a home warranty?
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