So you bought a house – congratulations! Now you are thinking of protecting that investment. You have made all of your necessary repairs, purchased a quality homeowners insurance policy, and everything seems to be going great. Then one day your air conditioning breaks down. To make matters worse it’s the middle of summer and the temperatures are rising. You call three different air conditioning repair companies. Two of them are too busy because it is peak season. The third guy comes to your house, gives you an estimate, and suddenly your heart drops… $2500 for the repair? How are you going to afford this?
Owning dallas apartments can be expensive. Those unexpected repair bills can make it even more difficult to manage a budget. That’s exactly why many homeowners choose to purchase a home warranty to protect their biggest investment. But what is a home warranty, and do you really need one?
A home warranty can cover your major appliances and systems, like air conditioners, furnaces, washer/dryer, refrigerator, and more. Think of it like insurance for everything your homeowners insurance does not cover. If your water heater breaks down, your homeowners’ policy is certainly not going to be any help. But a home warranty might. You pay a monthly premium, and when something breaks down you pay a service fee or deductible to have a technician diagnose and fix any covered issues. The service fee could be as low as $35 depending on your plan and provider.
After “Then one day your air conditioning breaks down”
Can you insert Text – “…or you need irrigation repair Portland”
So let me ask you: would you rather pay $2500 or $35 for that AC repair? I think we both know the answer.
Now that you know what a home warranty is and how it works, you might be wondering if you really need one? After all, you could stick money aside in savings just in case something breaks later on. Save $50 a month and you’ll have a small emergency fund in case anything happens. But how consistent are you at saving every month? Not everybody has the discipline to do it. That’s why many Americans do not have an emergency fund right now. They are living paycheck to paycheck, and an unexpected bill could threaten their entire financial situation.
For those of us who want the comfort of knowing that a big repair bill won’t break the bank, a home warranty can be just the right answer. You know exactly how much it will cost every month, so you can plan for that bill. You’ll pay it just like you would cable TV, internet, or cell phone bills. When the day comes that something does break down, you have the comfort of knowing that you’ll pay just a small fee to have a technician dispatched for your job. Sure, there may be other expenses if something isn’t covered. But if you read your contract and understand what your coverage includes, what limitations exist, and other terms and conditions, you won’t be surprised when you get that bill.
So consider a home warranty for your biggest investment – your home.
Visit HomeWarrantyQuestions.com for reviews of the best home warranty companies, answers to all of your questions, and more.