Are Home Warranties Worth It for Baltimore Residents?
Home warranties are worth it for Baltimore residents. Summers in Baltimore can have some very hot days, which means it's important that your air conditioner works well. However, over time this system can malfunction from heavy use.
Winters in Baltimore can be fairly mild, but there are still times when you want to have 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 regular rain in Baltimore can damage your home's roof.
The financial burden of this will be lessened if you have a home warranty with roof-leak coverage. Finally, your home warranty will connect you with trustworthy service providers. A reputable home warranty is a good investment because companies vet their technicians.
When life keeps you busy, your home warranty company can ensure that someone reliable will handle your issue.
What To Consider Before Choosing a Home Warranty Company
Think about these important factors when selecting your home warranty plan.
We received 120 quotes for a 2,000-square-foot, single-family home and found 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. Basic home warranty plans are generally 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 purchasing a plan.
Many home warranty providers offer systems-only plans or plans for select appliances. Determine which systems and appliances you use most often before choosing a plan. If you only need to cover certain major systems (like air conditioning) or specific 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
Generally, home warranties only cover damage from normal wear and tear. They don't cover improper installation or preexisting conditions. Generally, appliance components or cosmetic issues, defects, theft, or routine maintenance are also not covered. Providers outline limitations and exclusions within their service contracts. Make sure you read yours carefully to fully understand your plan's terms and conditions.
Provider reputation is another key factor to consider. You can read customer reviews on sites like Best Company, Google Reviews, and Trustpilot or check a company's Better Business Bureau (BBB) rating. Ratings and reviews can give you insight into how a company handles customer service and claims. Check with the Maryland Consumer Protection Division to verify that a provider holds a license with the state.
Consider a home warranty company's service provider network. Providers should always use licensed and registered contractors to fulfill service requests. Make sure you ask where and how a company sources its technicians. Select a provider that mentions service contractors you're familiar with. Homeowners in rural areas may prefer home warranty policies that allow you to choose your technician. In-network service providers may be unavailable in these areas, and you'll want the option to choose your own.
Frequently Asked Questions About Home Warranty in Baltimore
Is a home warranty required in Baltimore?
What are preexisting conditions?
What is the best home warranty provider in Baltimore?
Can I get a home warranty that covers 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?
How can I maximize the value of my home warranty?
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