Are Home Warranties Worth It for Gaithersburg Residents?
Yes, home warranties are worth it for Gaithersburg residents. Summers in Gaithersburg can have some very hot days, which means it's important that your air conditioner is working well. However, over time this system can malfunction from heavy use.
Gaithersburg has relatively mild winters, but there are still days you'll need your heating. The cost of an HVAC system replacement can range between $2,500 and $8,000. Home warranties are comparatively cheaper at only $644–$737 a year, based on 120 quotes we requested from home warranty companies nationwide.
The regular rain in Gaithersburg can damage your home's roof. The cost of repairs will be lower if you have a home warranty with roof-leak coverage. 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
Consider these key factors when choosing your home warranty plan.
Cost
We requested 120 quotes for a 2,000-square-foot, single-family home. From this we determined that home warranties cost an average of $53–$62 per month. Additionally, you'll pay a service call fee of roughly $65–$125 each time you file a claim. Comprehensive home warranty plans generally cost more than basic ones. Appliance plans usually cost less than home systems coverage plans. Consider your specific needs before choosing a plan, as add-on coverage options will raise the monthly price.
Coverage
Determine which appliances and systems you use the most. Most home warranty providers offer customizable coverage tailored to your needs. If you only want coverage for select systems, like your air conditioner, most companies offer systems-only plans. The same is true if you only need coverage for select 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 only cover normal wear and tear. Most also exclude appliance components or cosmetic issues, routine maintenance, defects, or theft. Providers will outline exclusions and limitations in their service contracts. Read your contract thoroughly to ensure you understand your plan's terms and conditions.
Provider Reputation
You should also consider provider reputation. You can also read customer reviews on sites like Google Reviews, Trustpilot, and Best Company. Reviews and ratings can show you how providers handle claims and customer service. Check with the Maryland Consumer Protection Division to verify the status of a provider's state license.
Contractor Network
Take into account a home warranty company's network of service providers. Your provider should always use 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 service contractors you're familiar with. Homeowners in rural areas might prefer home warranty policies that allow customers to choose their technicians. 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 Gaithersburg
Is a home warranty required in Gaithersburg?
What are preexisting conditions?
What is Gaithersburg's best home warranty provider?
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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