Your home is one of the biggest investments you’ll ever make. That’s because it’s more than just the four walls and a roof — it’s everything inside of it, as well. Considering how much money you spend each year just to live there and keep it comfortable, it’s understandable that you would want to protect your investment.
For most people, purchasing homeowners insurance is enough to provide them with peace of mind. However, what they may not know is that most homeowners insurance policies only give them limited protection. For example, an insurance policy might give them coverage in instances of disaster or theft, but it’s far more likely that they will need to replace a major appliance because it simply breaks down. In those instances, a home warranty may be what makes life easier for homeowners. If you’re curious to know more about how these plans could help you, continue reading.
How Home Warranties Work and What to Look for When Choosing One
Unlike an insurance policy, home warranties can cover the repair or replacement of major items around your house in the event they break down or become damaged. There are many types of plans available, with varying levels of coverage. There also are countless providers out there, so it’s important for consumers to go into the process with a complete understanding of their needs and the limitations of most warranties.
Here is a quick, 11-point rundown of how they work and what to keep in mind when selecting one:
- A warranty plan can provide protection for major appliances or systems in your house. These could include your washer and dryer, your furnace, your water heater or your HVAC system.
- If any of these fail due to wear and tear, Pivotal Home Solutions would send a certified technician to repair covered problems.
- In the event that an item is damaged beyond repair, your plan may cover the cost, or part of the cost, of a replacement.
- These plans take the worry out of finding service for repairs. Pivotal Home Solutions has a network of experienced professionals who can be dispatched to your home after you make a claim.
- Choose your level of coverage carefully. For example, some appliance warranty plans may apply to multiple major appliances, while others may only cover one or two of them. If you have brand-new items that are still under a manufacturer's warranty, you may not want to pay for another plan that covers them right now.
- Always read all documents thoroughly. Details of coverage can be found in the Terms and Conditions of the Customer Agreement.
- Ask your representative about available options. If you have a well, septic system or other relatively uncommon elements on your property, you may still be able to add coverage.
- Pivotal Home Solutions has a 24-hour phone center. Emergencies don’t wait until regular business hours. When something fails around your house, you want to talk to someone as soon as possible.
- Be sure you understand what is and isn’t provided for in the warranty plan you choose. Even though a home warranty may provide different coverage than a homeowners insurance policy, there still might be circumstances or needed repairs that are not covered by either insurance or a warranty
- Be careful of pre-existing conditions. For example, if your appliances are found to be in rough shape before enrolling in coverage, they will be excluded from coverage.
- Pivotal Home Solutions will try to get your covered item back in working order whenever possible.
Know What You’re Getting Into
Protecting the investment you’ve made in your house is a big responsibility. Before making any decision regarding warranty coverage, spend some time thinking about the points raised here. They will help you make the best decision about Pivotal Home Solutions’ home warranty plans.