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How Do Home Warranties Work?

Kitchen - FreeImages.com/Craig Dickinson | Select Home Warranty
Image credit: FreeImages.com/Craig Dickinson

Home warranties save homeowners valuable time and money. When an essential asset in a house breaks (such as an appliance), homeowners are faced with unwanted and unexpected costs. They’re usually also required to spend even more time and money to find a professional that can fix the problem.

Rather than pay a huge sum of money to fix your dishwasher, air conditioner, or other appliance in the case of a breakdown, home warranties prepare you for the worst and ensure your home is protected against the unexpected events that may not be covered under your homeowner’s insurance. Here’s a step-by-step guide to how home warranties work:

Step 1: pick your plan.

Every home is different. Some homes have pools; others have garages. Depending on the needs of your home, you’ll choose a coverage plan that protects what you need to cover. For example, with Select Home Warranty, there are three plans available, plus a fourth for optional coverage:

  1. Bronze Care covers common appliances such as refrigerators, stoves, garbage disposals, microwave ovens, washers, and dryers.
  2. Gold Care covers home systems such as the heating system, plumbing system, electrical system, and cooling system.
  3. Platinum Care includes all of Gold and Bronze plus miscellaneous but common parts of your home such as garage doors, plumbing stoppage, and ceiling fans.
  4. Optional Coverage can be added to any Care plan to cover roof leaks, septic systems, well pumps, lawn sprinkler systems, lighting fixtures, ice makers, standalone freezers, and assets that you own two of, such as a second refrigerator or a second AC unit.

Step 2: get a quote.

Once you’ve read up on the right home warranty coverage for your appliances and systems, get your free quote in seconds. Just tell us about yourself and your home, and we’ll show you the costs for each plan, as well as costs for adding any optional coverage your home might require.

Before signing up, we’ll review all your coverage details and finalize your enrollment. Your home warranty coverage is then in effect thirty days after your first payment.

Step 3: make a claim.

As an example for making a claim, let’s say that by next winter, you find your hot water heater isn’t working. The average repair cost for a heating system could be as much as $800.

Thankfully, telling Select Home Warranty about the problem is easy. Just free quote online, including your name, policy number, and a description of the problem. A representative will contact you shortly to coordinate sending a qualified service technician to remedy the issue. When the technician arrives, you’ll have a service fee to pay the day of their visit, and Select Home Warranty will cover the rest based on your coverage plan.

Bottom line: think ahead and save money.

Select Home Warranty offers a range of coverage plans that will keep your home and your wallet protected. Homeowners shouldn’t have to rely on their personal savings to cover sudden appliance and home system breakdowns.

Enrolling in a home warranty lessens the stress of home ownership and keeps you prepared for the day something goes wrong.