What is a home warranty? A home warranty is a policy which offers protection for the homes systems and appliances that fail due to age and normal wear and tear. A policy usually costs between $400 and $600 per year of coverage. It may be purchased when a buyer closes on a home or some companies will offer a plan to cover a home even after a real estate transaction. When offered by a seller when a property is listed, it helps the home sell fifty percent more quickly, and three percent closer to asking price. Wouldn’t you rather purchase a home that is covered by a protection plan than one that is not?
How is it different from Home Owner’s Insurance? A home warranty does not cover acts of God, weather damage, or structure of the property. Nor does a warranty cover theft or missing parts. However, the home warranty is just as important as homeowner’s insurance and can save a homeowner hundreds if not thousands each year!
How are claims handled? A policy holder must call the warranty company when something breaks. The warranty company will send out a contractor to diagnose the failure. It is determined by the warranty company if the system will be repaired or replaced. Not all companies offer the same amounts of coverage per system. Many have monetary limitations per system or appliance. A homeowner averages 2 claims per year, so the likelihood that a warranty will save money is great.
Why Choice Home Warranty? CHW pays more per claim than any other warranty company! CHW does not have monetary restrictions on refrigerant for air conditioning units, as many other companies do. It is important to choose a warranty company with local representation in case you need assistance with a claim. Also, CHW does not increase the premium year after year!
Per Maryann Azambuja from Home Choice Warranty 865-248-9921 in Knoxville, TN