Are Home Warranties Worth It for Miami Residents?
Home warranties are worth it for Miami residents. Miami summers are very hot, which makes it very important for your air conditioner to work properly. However, over time this system can malfunction from heavy use.
Miami winters are fairly mild, but there will still be days when you rely on your heating. HVAC system replacement can cost anywhere between $2,500 and $8,000. Home warranties are comparatively cheaper, costing roughly $644–$737 annually, based on 120 quotes we received from home warranty companies nationwide.
The frequent rain in Miami can damage your home's roof. The financial burden of this will be lessened if you have a home warranty with 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 company can give you peace of mind that someone reliable will handle your problem.
What To Consider Before Choosing a Home Warranty Company
These key factors can help you choose the right home warranty plan for your needs.
We requested 120 quotes for a 2,000-square-foot, single-family home and found 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. Comprehensive home warranties cost more than basic ones, and home systems coverage plans cost more than appliance plans. You can select add-on coverage options, but these will increase your monthly cost. Consider your specific needs before committing to a plan.
You can often find home warranty plans that cover specific appliances and systems. Decide whether you need coverage for major systems (such as air conditioning), specific appliances, or for both. Then ask your provider about its options for customized coverage. The following is a list of common systems coverage:
- Air conditioner
- Central vacuum
- Water heater
- Built-in microwaves
- Clothes washers and dryers
- Garbage disposals
Home warranties usually only cover damage from normal wear and tear. This doesn't include improper installation or preexisting conditions. Most policies also won't cover appliance components or cosmetic issues, routine maintenance, theft, or defects. You can find your provider's exclusions and limitations in your service contract. Be sure to read the contract carefully to understand your plan's terms and conditions.
Carefully consider a provider's reputation before deciding on a plan. Check its Better Business Bureau rating. In addition, read customer reviews on sites like Best Company, Google Reviews, and Trustpilot. These reviews can give you an idea of how companies 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 service provider network. Quality home warranty companies source licensed and registered contractors to handle service requests. We suggest asking a provider where and how it sources technicians. Choose a provider that mentions service contractors you're familiar with. Those residing in rural areas should consider a home warranty policy that lets them choose their technician. In-network service providers may not be available in your area, so it's important to have the option to source your own.
Frequently Asked Questions About Home Warranty in Miami
Is a home warranty required in Miami?
What are preexisting conditions?
What is the best home warranty provider in Miami?
Do home warranties cover other types of home items?
Why is there a waiting period before my home warranty coverage begins?
How do I file a claim with my home warranty provider?
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