Are Home Warranties Worth It for Santa Fe Residents?
Yes, home warranties are worth it for Santa Fe residents. Summers in Santa Fe 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.
Winters in Santa Fe are very cold, meaning you rely on your heating system often. HVAC system replacement 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. Even the infrequent rain in Santa Fe can damage your home's roof.
The financial burden of this will be lessened if your home warranty has roof-leak coverage. Lastly, home warranties connect you with reliable technicians. When work and other priorities keep you busy, you want to know a trustworthy service provider is handling your repairs.
Reputable home warranty companies vet every service provider they work with.
What To Consider Before Choosing a Home Warranty Company
Think about these important factors when picking the best home warranty plan for you.
After getting 120 quotes for a 2,000-square-foot, single-family home, we determined that home warranties cost approximately $53–$62 a month. Additionally, you'll pay a service call fee every time you file a claim. Service call fees can 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. Most plans offer add-on coverage, but this will increase your monthly cost. Make sure you know what you need before purchasing a plan.
You can look for a home warranty plan that covers specific systems and appliances. Decide whether you want coverage for major systems (like heating), specific appliances, or both. Then ask your provider about its options for customized coverage. Here is a list of common systems coverage:
- Air conditioner
- Central vacuum
- Water heater
- Built-in microwaves
- Clothes washers and dryers
- Garbage disposals
Home warranties typically only cover breakdowns from normal wear and tear. This doesn't include improper installation or preexisting conditions. Most policies will also not cover appliance components or cosmetic issues, theft, routine maintenance, or defects. Providers will outline exclusions and limitations in their service contracts. Read your contract thoroughly to ensure you understand the terms and conditions of your plan.
Consider provider reputation when making a decision. You can also read real customer reviews on sites such as Best Company, Trustpilot, and Google Reviews. Customer reviews can show you how providers handle claims and customer service. Check with the New Mexico Attorney General's Consumer and Environmental Protection Division to verify a provider's state license.
Consider a home warranty company's service provider network. Make sure you ask your provider how and where it sources technicians. A reputable company should use licensed and registered contractors to fulfill service requests. Select a provider that mentions the names of familiar service contractors. Homeowners in rural areas might 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 Santa Fe
Is a home warranty required in Santa Fe?
What are preexisting conditions?
What is the best home warranty provider in Santa Fe?
Do home warranties cover other types of home items?
Why do home warranties have a waiting period before coverage begins?
How long does a home warranty typically last?
How can I maximize the value of my home warranty?
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