Are Home Warranties Worth It for Melbourne Residents?
Home warranties are worth it for Melbourne residents. Melbourne summers are very hot, which makes it very important for your air conditioner to work properly. However, this system can malfunction over time from heavy use.
Winters in Melbourne are fairly mild, but you still want a reliable heating system. Replacing your HVAC system can cost between $2,500 and $8,000, compared to a home warranty coming in at around $644–$737 annually based on 120 quotes we received from home warranty companies across the nation. The frequent rain in Melbourne can damage your home's roof.
The cost of repairs will be lower if your home warranty has roof-leak coverage. Lastly, your home warranty will connect you with trustworthy service providers. Investing in a reputable home warranty company is worth it because companies vet their technicians.
When life keeps you busy, your home warranty provider can give you peace of mind that someone reliable will handle your issue.
What To Consider Before Choosing a Home Warranty Company
These important factors can help you select the best home warranty plan for your needs.
We requested 120 quotes for a 2,000-square-foot, single-family home and discovered that the average home warranty costs between $53–$62 per month. You also have to pay service call fees whenever you file a claim. These fees range from $65–$125 per claim. Comprehensive home warranty plans typically cost more than basic ones. Home systems coverage plans usually cost more than appliance plans. Add-on coverage options increase your monthly price, so consider your particular needs before purchasing a plan.
Many home warranty providers offer systems-only plans or plans for select appliances. Figure out which appliances and systems you use most often before committing to a plan. If you only need to cover certain major systems (such as air conditioning) or certain appliances, you can find a plan that meets your needs. 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 improper installation and preexisting conditions. Most policies also exclude appliance components or cosmetic issues, routine maintenance, defects, or theft. Providers outline exclusions and limitations with their service contracts. We recommend reading it to understand your plan's specific terms and conditions.
Also, consider a provider's reputation when choosing a plan. You can find customer reviews on sites such as Best Company, Google Reviews, and Trustpilot or look at a company's rating with the Better Business Bureau (BBB). Ratings and reviews are a great way to assess how providers handle claims and customer service. Check with the Florida Division of Consumer Services to verify that a provider holds a license with the state.
Take into account a home warranty company's network of service providers. The company you choose should use licensed and registered contractors to fulfill service requests; make sure to ask your company how and where it sources technicians. We recommend picking a provider that mentions the names of familiar service contractors. Homeowners in rural areas should consider a home warranty policy that allows the customer to choose their technician. There may be no in-network service providers available in these areas, and customers might need to source their own.
Frequently Asked Questions About Home Warranty in Melbourne
Do I need a home warranty in Melbourne?
What are preexisting conditions?
What is Melbourne's best home warranty provider?
Can I get a home warranty that covers other types of home items?
Why do home warranties have a waiting period before coverage begins?
How can I maximize the value of my home warranty?
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