{"id":25992,"date":"2021-12-20T10:43:05","date_gmt":"2021-12-20T10:43:05","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=25992"},"modified":"2023-06-27T19:19:32","modified_gmt":"2023-06-27T19:19:32","slug":"home-warranty-what-is-it-and-why-is-it-important","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/home-warranty-what-is-it-and-why-is-it-important\/","title":{"rendered":"Home Warranty: What Is It And Why Is It Important?"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span data-preserver-spaces=\"true\">If you are in the market for a new home, or even a used home, you will notice that many of them have a home warranty included. While home insurance is relatively standard and even necessary by law, a home warranty is something that most people are not familiar with.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Is Home Warranty<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Home insurance <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.forbes.com\/sites\/forbesrealestatecouncil\/2019\/02\/19\/how-to-protect-yourself-from-real-estate-disasters\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">protects your home<\/span><\/a><span data-preserver-spaces=\"true\"> from severe damage, such as natural disasters, theft, and fire. On the other hand, a home warranty is a specific form of protection that covers appliances in the home and specific high-value systems such as the HVAC and electrical systems and swimming pools. It can also be used for smaller appliances like TV or kitchen gadgets. The home warranty is a contract between the homeowner and the warranty provider. If any warranty-covered products get damaged, stolen, or otherwise ineffective, the warranty provider will use authorised professionals to help repair or replace the item. A basic plan covers\u00a0the fundamentals in nearly all policies, and then homeowners can add additional services to cover specific things in their homes. For more information about different home warranty providers and their customer reviews, you can search for <a href=\"https:\/\/www.top10.com\/home-warranty\/reviews\/choice-home-warranty\" rel=\"noreferrer\">choice home warranty reviews<\/a>\u00a0online.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Does It Cost<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Typically, home warranties have a fixed annual charge that depends on the kind of coverage you opt for. If something gets damaged, the warranty provider will send a professional to inspect the problem and suggest a course of action. In most cases, you will have to pay an additional fee for the professional who comes to check the matter. The repair or replacement will depend on the\u00a0<\/span><span data-preserver-spaces=\"true\">home warranty service contract<\/span><span data-preserver-spaces=\"true\"> and the cause of the issue. In some cases, you might get the full item replaced for no additional cost; in other cases, you might get no coverage if the professional suspects that the cause of the damage is not covered in the warranty. Payment for the home warranty can be in the form of one large payment for the entire year though many service providers also offer instalment-based payment schedules. Also, the warranty cost depends on the size and type of the house and many other variables such as where the home is located, whether or not it is a shared property, and how many people live in it.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Pros And Cons<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The only drawback to a home warranty is that you cannot control how the repair is carried out, the parts used, and who does the job. However, most warranty providers only work with certified and authorised professionals who are usually enlisted on the recommendation of the product manufacturer. One significant\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.bankrate.com\/real-estate\/do-home-warranty-programs-pay-off\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">advantage is that<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0you don&#8217;t need to worry about the age of the appliances as they are covered. Moreover, you have a clear idea of what it will cost for the warranty, and you don&#8217;t need to budget for unexpected expenses in the repair. For both sellers and buyers, this is a valuable service to have.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"size-medium\" src=\"https:\/\/images.pexels.com\/photos\/2950003\/pexels-photo-2950003.jpeg?auto=compress&amp;cs=tinysrgb&amp;dpr=1&amp;w=500\" width=\"500\" height=\"333\" \/><\/p>\n<p><span data-preserver-spaces=\"true\">A home warranty can take the doubt out of the purchase decision for a used home. However, electronics and other appliances are always at risk of failure, and even brand new products can fail. Home warranty allows you to pay a fixed amount and earn the right for repairs or replacements that could cost thousands of dollars.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What type of policy can you purchase as a landlord\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Our website offers various policies depending on your situation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As a landlord, you may want to consider yourself against unpaid rent with rent guarantee insurance. Even the best tenants can find their circumstances change suddenly, meaning they cannot <a href=\"https:\/\/www.thehouseshop.com\/rent-on-time\" title=\"pay the rent\">pay the rent<\/a>. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.thehouseshop.com\/rent-guarantee-insurance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Rent Guarantee Insurance<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0will pay unpaid rent by the Tenant of up to \u00a32,500 per month for up to 6 months.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, this will only protect you against unpaid rent, and any malicious or accidental damages caused by the tenants will not be covered. You could end up out of pocket for thousands of \u00a3.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">We also offer <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.thehouseshop.com\/landlord-insurance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">landlord content insurance<\/span><\/a><span data-preserver-spaces=\"true\">, which may protect you and your property when you need it most. You could be risking your investment if you don\u2019t take out a cover designed for landlords.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Up to \u00a315,000 to cover loss or damage to the landlord\u2019s contents caused by specific events such as fire, storm, flood and theft.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There is a range of optional extras to boost your covers, such as malicious damage caused by the tenants, Building Insurance, Legal Expenses, and Rent Guarantee.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.thehouseshop.com\/buildings-insurance\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Building Insurance<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0can cover up to \u00a3600,000 to cover loss or damage to the building caused by specific events such as fire, storm, flood, theft, impact, malicious damage and vandalism.<\/span><\/p>\n<h6><span style=\"color: #999999;\">Ref: 2549.22987 | 3377.<span>29665<\/span><\/span><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>If you are in the market for a new home, or even a used home, you will notice that many of them have a home warranty included. While home insurance is relatively standard and even necessary by law, a home<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/home-warranty-what-is-it-and-why-is-it-important\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":45,"featured_media":25994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"no","_lmt_disable":"","spay_email":""},"categories":[1],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2021\/12\/pexels-photo-106399.jpeg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/home_warranty__what_is_it_and_why_is_it_important_","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/25992"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=25992"}],"version-history":[{"count":3,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/25992\/revisions"}],"predecessor-version":[{"id":29422,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/25992\/revisions\/29422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/25994"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=25992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=25992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=25992"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=25992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}