Should You Get a Home Warranty When You Buy a Home?

Are you thinking about getting a home warranty? Homeowners might not be aware of the importance of obtaining their home warranty plan. The point of having one is paying fewer costs for repairs and regular maintenance. But, there are a few things that you should have on your mind. Read on and find out more about this!

New built homes

When you need to decide whether you need a home warranty, you should consider if the home is already under coverage. What does this mean? When you buy a newly built home, it can be already under warranty. Keep in mind that new appliances come with at least one year of warranty. The structural elements come with a warranty fo 10 years. If your important systems and appliances are already under the manufacturer's warranty, you can skip the additional home warranty. Paying double won't result in double protection. 

Pre-owned homes

When you are buying a preowned home, the situation is quite different. You are aware of the fact that the appliances have already suffered wear and tear. Getting a home warranty plan is a great decision that will make you feel safe. Especially if you expect some of the appliances and systems to fail soon. 

Before you obtain your plan, make sure that you check the current coverage. If some appliances are still under their manufacturer's warranty, you won't need to include them in your plan. Also, check the documentation to see if some appliances or systems have been purchased with a credit card. The usual practice is to provide an additional warranty for the bough systems, so some might be still under this warranty. Make sure that you know what is already covered and what isn't, co that you know what you need to include in your plan. You don't want to pay an excess in premiums for the coverage that you already have.

The advantages of a home warranty

• Knowing that you have a home warranty plan will relieve the stress. You know that anything can fail in your home anytime, so you don't want to find yourself in uncomfortable situations. Homeowners are aware of the fact that appliances won't last forever and can have huge repairing costs soon. A good home warranty plan will cover a huge part of those costs for you.  This will give you peace of mind, knowing that your home is already covered. 

• You can turn to your company for assistance immediately. No one likes to shower with cold water because their water heater failed. According to reviews of Liberty Home Guard, customers prefer companies that they can reach at any time of the day. 

• A home warranty is favored by homeowners that like to do their financial planning. You know that you can face unanticipated costs for repairs and replacements. This can impose huge costs on your budget. If you don't have an emergency fund, obtaining a home warranty plan will solve that.