Are Home Warranties Worth It for Louisville Residents?
Yes, home warranties are worth it for Louisville residents. Louisville summers can get hot, which makes it important for your air conditioner to work properly. However, this system can malfunction over time from heavy use.
Louisville has relatively mild winters, but there are still days you'll need your heating. The cost of replacing your HVAC system can range anywhere from $2,500–$8,000. Home warranties are comparatively cheaper at only $644–$737 per year, based on 120 quotes we requested from home warranty companies nationwide.
Louisville's heavy rain can damage your home's roof. Some home warranty providers offer limited roof-leak coverage, which can mitigate the cost of roof repair. Finally, home warranties connect you with trustworthy service providers.
When life is keeping you busy, you want to know that a reliable technician is handling your repairs. Reputable home warranty companies vet all their service providers.
What To Consider Before Choosing a Home Warranty Company
Think about these key factors when picking the best home warranty plan for you.
We pulled 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 each time you file a claim. These fees range from $65–$125 per claim. Basic home warranty plans tend to be more affordable than comprehensive ones. Home systems coverage plans tend to cost more than appliance plans. Most plans offer add-on coverage options for an additional monthly cost. Consider your particular needs before purchasing a plan.
You can look for a home warranty plan that covers specific systems and appliances. 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
Typically, home warranties don't cover preexisting conditions or improper installation. Most policies will only cover breakdowns from normal wear and tear. Most also exclude appliance components or cosmetic issues, defects, theft, or routine maintenance. Providers outline exclusions and limitations with their service contracts. We recommend reading it to understand your protection plan's specific terms and conditions.
You should also consider provider reputation. You can also find customer reviews on sites such as Google Reviews, Trustpilot, and Best Company. Ratings and reviews can show you how providers handle claims and customer service. Check with the Kentucky Office of Consumer Protection to verify a provider's state license.
Consider a home warranty company's network of service providers. Companies should always send licensed and registered contractors to handle service requests. Make sure you ask how and where a company sources its technicians. We recommend picking a provider that mentions the names of familiar service contractors. Homeowners in rural areas should consider going with a home warranty provider that customers choose 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 Louisville
Is a home warranty required in Louisville?
What are preexisting conditions?
What is Louisville'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 is a home warranty different from homeowners insurance?
How do I file a claim with my home warranty provider?
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