Are Home Warranties Worth It for Fort Wayne Residents?
Yes, home warranties are worth it for Fort Wayne residents. Fort Wayne summers can have some very hot days, which means it's important that your air conditioner is working well. However, this system can malfunction over time due to breakdowns from regular wear and tear.
Winters in Fort Wayne are very cold, meaning you rely on your heating system often. Replacing your HVAC system can cost anywhere from $2,500–$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 regular rain in Fort Wayne can cause damage to your roof.
Some home warranty providers offer limited roof-leak coverage, which can mitigate the cost of roof repair. Finally, 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 ensure that someone reliable will handle your problem.
What To Consider Before Choosing a Home Warranty Company
Think about the following factors when selecting the best home warranty for your needs.
Cost
After getting 120 quotes for a 2,000-square-foot, single-family home, we determined that home warranties cost roughly $53–$62 per month. You'll also pay a service call fee every time you file a claim. These fees can range from $65–$125 per claim. Basic home warranty plans generally cost less than comprehensive ones. Appliance plans usually cost less than home systems coverage plans. Add-on coverage options increase your monthly price, so consider your particular needs before purchasing a plan.
Coverage
Determine the systems and appliances you use the most. Most home warranty providers offer custom coverage tailored to your needs. If you only need coverage for select systems, such as your heating, most companies offer systems-only plans. The same is true if you only want coverage for certain appliances. Here is a list of common systems coverage:
- Air conditioner
- Central vacuum
- Ductwork
- Electrical
- Heating
- Plumbing
- Water heater
- Built-in microwaves
- Clothes washers and dryers
- Dishwashers
- Garbage disposals
- Ovens
- Refrigerators
- Stovetops
Exclusions
Generally, home warranties don't cover preexisting conditions or improper installation. Most policies will only cover normal wear and tear. Most also exclude appliance components or cosmetic issues, routine maintenance, defects, or theft. Providers will outline limitations and exclusions in their service contracts. Read your contract thoroughly to ensure you understand the terms and conditions of your plan.
Provider Reputation
You should also consider a provider's reputation. You can also browse real customer reviews on sites like Google Reviews, Trustpilot, and Best Company. Reviews and ratings can show how providers handle claims and customer service. Check with the Indiana Consumer Protection Division to verify that a provider holds a license with the state.
Contractor Network
Take into account a home warranty company's network of service providers. Any company you choose should use licensed and registered contractors to handle service requests; make sure to ask your company how and where it sources technicians. Choose a provider that mentions the names of familiar service contractors. Homeowners in rural areas might consider choosing a home warranty that lets them choose their technicians. It's important to have the option to source your own providers if no in-network ones are available in your area.
Frequently Asked Questions About Home Warranty in Fort Wayne
Is a home warranty required in Fort Wayne?
What are preexisting conditions?
What is the best home warranty provider in Fort Wayne?
Do home warranties cover other types of home items?
Why is there a waiting period before my home warranty coverage begins?
How can I maximize the value of my home warranty?
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