Are Home Warranties Worth It for Fort Lauderdale Residents?
Home warranties are worth it for Fort Lauderdale residents. Summers in Fort Lauderdale are very hot, which makes it very important to have a reliable air conditioner. However, over time this system can malfunction from heavy use.
Fort Lauderdale has fairly mild winters, but it's still important to make sure your heating works when needed. The cost of an HVAC system replacement can range between $2,500 and $8,000. Home warranties, on the other hand, come in at only $644–$737 a year, based on 120 quotes we requested from home warranty companies nationwide.
Fort Lauderdale's heavy rain can damage your roof. Some home warranty policies include limited roof-leak coverage, which can mitigate the cost of roof repair. Finally, home warranties connect you with trustworthy service providers.
Reputable home warranty companies vet each service provider they work with. If you're busy with work or other priorities, investing in a home warranty ensures you have access to trustworthy technicians.
What To Consider Before Choosing a Home Warranty Company
Think about these key factors when determining the right home warranty plan for you.
We requested 120 quotes for a 2,000-square-foot, single-family home and determined that home warranties cost an average of $53–$62 per month. There are also service call fees that apply whenever you file a claim. These fees range from $65–$125 per claim. Basic home warranty plans are typically more affordable than comprehensive ones. Appliance plans are more affordable than home systems coverage plans. Many plans have add-on coverage options, but this will increase your monthly cost, so make sure you know your specific needs before selecting a plan.
You can look for a home warranty plan that covers specific systems and appliances. Determine whether you want coverage for major systems (like air conditioning), specific appliances, or both. Then ask your provider what its options are for customized coverage. Here is a list of common systems coverage:
- Air conditioner
- Central vacuum
- Water heater
- Built-in microwaves
- Clothes washers and dryers
- Garbage disposals
Most home warranties cover only normal wear and tear, which excludes preexisting conditions and improper installation. Additionally, most policies will exclude appliance components or cosmetic issues, routine maintenance, theft, or defects. You can read about your provider's exclusions and limitations within your service contract. Be sure to read the contract carefully to understand your plan's terms and conditions.
Also, consider provider reputation when choosing a plan. You can read customer reviews on sites such as Google Reviews, Best Company, and Trustpilot or look at a company's rating with the Better Business Bureau (BBB). Ratings and reviews are a great way to learn how providers handle claims and customer service. Check with the Florida Division of Consumer Services to verify the status of a provider's state license.
Consider a home warranty company's network of service providers. Ask your provider how and where it sources technicians. All reputable companies should use licensed and registered contractors to handle service requests. We recommend picking a provider that mentions the names of familiar service contractors. Rural homeowners should consider choosing a home warranty that lets them select their technician. Rural areas may not have any in-network service providers available, and customers might need to source their own.
Frequently Asked Questions About Home Warranty in Fort Lauderdale
Is a home warranty required in Fort Lauderdale?
What are preexisting conditions?
What is the best home warranty provider in Fort Lauderdale?
Do home warranties cover other types of home items?
Why do home warranties have a waiting period before coverage begins?
How do I file a claim with my home warranty provider?
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