In general home warranty covers up
the service on repair and replacement cost on insured home appliances. If a
policy covered equipment breakdowns due to wear and tear, an insurance agency
pays for its maintenance.
to sell your house? Then home warranty really adds-onHouses offered with a home
warranty will obviously sell quicker with a
better price than those without. Sounds like a great deal, yes it is and it
certainly can be. As a seller you are in a competition with many other sellers
in the market with the very similar houses and price range. Offering a home
warranty may work as bonus attraction to the buyers.What
is seller’s home warranty?
Seller home warranty insures on
certain aspects of a property. While coverage period varies, generally covers
for a period of 1 year. The purchaser could then renew the policy at the end of
every year. This could be a bargaining tool for the seller.
covers in the policy?
That differs, basic plan would cover
home appliances like refrigerator, washer/dryer, bathtub, plumbing systems,
electrical systems, ceiling fans, water heaters and garage door opener. If you
want to add-on equipment, then you will have to go for an extra coverage.
much does it Cost?So how much does a home warranty cost? Basically the cost depends on the company you
decide, the devices to be covered and the amount of insured time. The basic
home warranties are available at about $400 annual premium, with a deductible
per repair that ranges from $50 to $80. Home warranty companies sometimes offer
special sales, discount policy prices or offer additional coverage for the same
price which can be considered as extra benefit. The overall idea is the same;
to help save some money and give the buyer quick repairs and thus sellers home
warranty, is a good buyer incentive to purchase house.Is
home warranty buyer’s best bet?
Before closing the deal home buyers
will give attention on their home warranty. Since the contract can cover on
multiple items, it is always better to go through the sample copy of policy
before you commit the sale. If you are a first-time buyer then it is a really
good idea to get home warranty since you have no experience in maintaining your
pays for the home warranty insurance?
Now the very next question arises is
who pays for Home Protection Plan? Whether the seller or the buyer pays for the
policy. It depends, seller normally pay for the coverage since it adds-on
seller’s benefit to close the sale and buyer will not disturb the seller if any
equipment goes wrong. Buyer could renew the policy in future with add-on
equipment with extra coverage if necessary.
does it Work then?
Although specific plans provide for
specific types of coverage, most operate the same way.
If a home system or appliance breaks or stops working,
the home owner needs to call to the home warranty company.
Then the home warranty company calls a provider with
which it has a business arrangement.
Continuing to it the specific provider calls the home
owner to make an appointment.
The provider fixes the problem. If an appliance is
malfunctioning and cannot be repaired, depending on contract coverage, the
home warranty company will pay to replace and install the appliance.
In return the home owner pays a small trade service fee
(less than $100).
There are several benefits of home
warranty. Home protection policy is surely not an added expense but it is a sort
of investment for safety. Even if you spend extra expense on this, you can
certainly be assured of the long term benefits, since you are already
saved from paying the repairs or replacements expenses.
If you would like to learn more please give me a call. 214-587-6892
Author:Go 2 Girls Realty Phone: 469-443-6537 Dated: November 20th 2013 Views: 2,132 About Go 2 Girls: Whether you are looking to find the perfect home, or buying and selling real estate to build your pr...