A home warranty might be just right for you if you need protection for your properties. However, buying home warranty services is not like buying home insurance. You need to know the right processes to follow for a successful purchase of this service.Â
Keep reading this post to make buying home warranty services an easy feat.Â
What You Need to Do When Buying Home Warranty ServicesÂ
Keep the following points in mind when researching home warranty providers and policies before signing on the dotted line.
Collect and compare a variety of quotes
At the very least, get three free quotes. If you have any queries regarding the price or coverage, speak with a representative.
Look at some contract examples
Examine the contract’s exclusions, limitations, and payout limits.
Look into the various state licensing requirements
Research and study home warranty regulations to ensure the company is licensed and legally able to do business in your state.
Home warranty companies are governed by the insurance commissioner or the Department of Consumer Protection in many states. Use this State Licensing Guide to locate your local regulator.
Examine your liability’s limitations
A home warranty usually excludes items with active manufacturer warranties. It excludes malfunctions caused by rust, corrosion, hazardous components, improper installation, and pre-existing problems (known or unknown).
Companies are also not responsible for aesthetic faults, routine maintenance, or problems caused by natural disasters like fire, flood, or earthquakes.
Evaluate a business’s reputation
The finest home warranty companies are popular for their excellent customer service and willingness to be flexible when paying claims. They also welcome consumer input and urge them to rank or review their technicians.
Conducting a thorough online search for a home warranty company’s name while analyzing its reputation is critical. Make sure to read any evaluations left by their clientele. Also, keep an eye out for any recent legal action against the organization.
