Homeowners insurance, combined with flood insurance, was once the standard coverage available when purchasing a home. Homeowners and flood insurance typically apply (depending on the type of policy) when accidental damage occurs to your home and belongings due to theft, fires, floods and natural disasters. Today, homebuyers and real estate professionals have options available to help ensure full home protection. When it comes to the type of protection they offer, home service agreements, also known as home warranties, differ from homeowners insurance. Below are a few of the advantages of buying a home warranty as added security to your existing homeowners insurance:
Buyers Get Extra Coverage
A home warranty agreement provides protection against unexpected repair costs for your appliances and home systems that would NOT normally be covered under a manufacturer’s warranty or homeowner’s insurance. Homeowner’s insurance would not normally cover costs to repair appliances or systems when they breakdown due to normal wear and tear as these policies tend to just protect against losses due to natural disasters, theft or vandalism.
Buyers Control Their Coverage
Buyers can purchase the coverage they need. Home Warranty buyers have the ability to pick and choose which home appliances and systems plan that meets their needs. There are no long-term contracts so they may hold a policy for as little, or for as long as they choose.
Customizable plans can include:
- Home warranties typically cover major appliances and systems. See plan details.
- Household Electronics Plan
- ADT Monitored Smart Security System Plan
Buyers Save Money
A home service agreement helps protect homeowners from the high costs of unexpected mechanical failures of their covered appliances and home systems. If the issue is due to normal wear and tear or mechanical failure and it is a covered item, then the appliance or system will be repaired or replaced within the terms and conditions of the particular plan. The warranty guarantees to the homeowner that if something that is covered by the home warranty plan stops working or breaks down then it will be repaired or replaced, subject to the terms and conditions of the plan.
Buyers Get Reliable Help
Home warranty buyers can use the coverage right away. Buyers get a reliable and expert resource to assist with handling covered repairs. When a covered item breaks down, the number to call is at their fingertips. Depending upon the plan and options chosen, a home protection plan typically covers mechanical failures or breakdowns due to normal wear and tear of your home appliances or major systems (heat/air conditioning, plumbing, electric, kitchen appliances, electronics, etc.) Customers with an American Residential Warranty Home Services Agreement receive prompt customer service, available 24-hours-a-day, 7-days-a-week. Immediate service is provided for emergency issues and they will respond to a request for service within 24-48 hours. Buyers get quality workmanship guarantee.
Buyers Enjoy Peace of Mind
It does not take too long to see increased wear and tear on home systems and appliances, especially as we spend more time indoors with our children. With a home warranty plan, buyers benefit from protection from unexpected, covered breakdowns of many home systems and other items and electronics. This gives homeowners peace of mind knowing they are protected.
*Limitations and exclusions apply. See specific agreement for details.
Home warranty coverage has benefits for all homeowners, as well as for real estate professionals. ARWHome.com has, by far, the best reputation in the home warranty industry, We have hundreds of glowing positive customer reviews online. We also have an A+ rating with the BBB. Residents with a Home Service Agreement from ARWHome.com have peace of mind knowing they are covered.