Lying next to the Ohio River, Louisville is Kentucky’s largest metropolis with a population of about 620,000 people. Many more move to this city each year to settle permanently due to the amenities that it offers. Some highlights are the Belle of Louisville steamboat, Kentucky Kingdom amusement park and the famous Churchill Downs racetrack but there are a lot of other great reasons too!
If you are planning to buy a home in Louisville, experts recommend that you get a home warranty before moving in. This will help safeguard you against the cost of repairs or replacements of major home appliances/systems in case they get damaged, due to regular wear and tear.
Oftentimes, these appliances break down when least expected and in fact, studies show that most homes will encounter two mechanical malfunctions every year. Knowing that you’re covered in case of such a failure can be relaxing.
Benefits of a Home Warranty
Here are four benefits of a home warranty that may help you make a good decision.
1. A Home Warranty Can Save You Money
During summer and winter seasons, Louisville homeowners might worry about the breakdown of their heating and cooling systems due to overworking. If any of these go out then it can cause a lot of discomfort in the house, not to mention the cost of buying a new HVAC unit.
According to experts, homeowners typically spend between $164-$506 when repairing air conditioning systems. Replacing the entire unit is much higher—between $3707 and $7130! If the replacement is approved by the home warranty company, the homeowner could pay as little as $500. Sounds great, huh?
Likewise, homeowners can save more cash on additional parts of the home’s systems and appliances. Depending on the warranty, one can save up to $248 for each electric repair, $225 on plumbing repair and $96 for an appliance repair.
2. A Home Warranty Can Provide Valuable Maintenance
This policy can also help meet your bi-annual maintenance costs. This may include tune-up services such as replacing filters, cleaning condenser coils and electrical connections or even calibrating the thermostat.
Typically, this will cost you no more than $150. Not only does home warranty save on preventative maintenance costs, but it also means that you’ll be able to discover small problems before they get too big. This is always the better strategy.
3. A Home Warranty Saves the Homeowner Time
With home warranty coverage, you don’t have to waste time looking for a contractor. In the event of a problem, the warranty company already has experts ready to send to your home.
Other than the deductible cost. the warranty covers everything else. Simply the service provider explaining the failure, they will find the best contractor for the project and immediately send them to your house for assistance.
3. A Home Warranty Is Available 24/7
Most home warranty companies operate 24/7 throughout the day and night. So even if you have an emergency in the middle of the night there’ll always be someone on the other side to offer help. Additionally, the coverage is often renewable on a yearly basis. This way you will receive continuous coverage for your appliances and home systems.
How to request for a Home Warranty
1. Conduct online research on warranty companies.
You can start by doing a Google search for home warranty companies within your area. You may also ask a trusted Realtor for their recommendation.
Be keen to check how the company handles online complaints from customers. Look for positive reviews to identify the best home warranty companies.
2. Choose the best warranty company for you.
After comparing the reputation and rates for the top warranty companies in your area, choose the best one. Then you’re ready to sign up.
When reviewing coverage options, always keep in mind what particular policies are appropriate for your home. For instance, if you don’t have a dryer or washer, or have recently replaced them, you probably won’t need a home warranty policy that covers these appliances.
3. Live with greater peace of mind.
Once the contract has been signed, you’re covered. If a problem arrives, simply call your warrant company’s toll-free number. They’ll ask questions about the issue and schedule a specialist to come to your home.
In summary, a home warranty can give you peace of mind knowing that essential parts in your home are better protected in case of a breakdown.