Buying a House with a Home Warranty Can Provide Peace of Mind

If you are purchasing a house, getting a home warranty can provide you with a lot of peace of mind. Many sellers will offer a home warranty as an incentive to bring in potential buyers. When you end up purchasing a house with this type of warranty, you will be able to benefit in a number of different ways.

Protect Your Cash Flow

One of the biggest benefits of purchasing a home with a home warranty is that you will be able to protect your cash flow. Whenever you move into a new house, you will most likely be low on cash. With all of the moving costs and extra expenses involved with getting a new house, your savings will most likely be depleted. Because of this, it can be a real nightmare if something breaks down soon after you move in. It will be difficult to get the seller to fix anything after they have already been paid. This is where a home warranty comes in very handy. If you have a home warranty, the warranty company will take care of damage to certain things within the house. If something breaks down, they will come in and fix it for you without you having to come up with a large amount of cash all at once.

Small Deductible

Another benefit of getting a house with a home warranty is that you will have a small deductible. Most home warranties have very small deductibles attached to them. This means that if something breaks down, you will only have to pay a small amount in order to get the warranty company to fix the problem. When compared to your homeowners insurance deductible, this deductible is almost always going to be less.

Hassle Free Repairs

When you have a home warranty, getting something repaired is going to be very easy. If something breaks down, you will simply have to call the home warranty company and let them know. As soon as you pay your deductible, they will coordinate the repair for you. Home warranty companies have a network of contractors in place and they will immediately send one of them over to your house. You will not have to dig through the phone book in order to find a contractor that you like. The home warranty company will choose the contractor for you and make the arrangements to have your home repaired.

What is Covered

Although every home warranty is going to be different, most of them will cover many things within your house. Most home warranties will cover the heating and cooling system in the house. They will cover the water heater, electrical wiring and the plumbing as well. In addition to the major components of the house, these warranties can also include coverage on appliances such as the stove, microwave oven, dishwasher and garbage disposal. Most of the time, they will not cover freestanding appliances such as the refrigerator, unless you pay a little extra. 

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