Are Home Warranties Worth It for Little Elm Residents?
Yes, home warranties are worth it for Little Elm residents. Little Elm experiences hot summers, and you probably use your air conditioner constantly during the warmer months. Your air conditioning system can malfunction over time from heavy use.
Little Elm winters are fairly mild, but there will still be days when you rely on your heating. HVAC system replacement can cost from $2,500 to $8,000. Home warranties are comparatively cheaper, costing roughly $644–$737 per year, based on 120 quotes we received from home warranty companies nationwide.
The regular rain in Little Elm can damage your roof. Some home warranty policies include limited roof-leak coverage, which can mitigate the cost of roof repair. Lastly, 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 provider can give you peace of mind that someone reliable will handle your issue.
What To Consider Before Choosing a Home Warranty Company
Think about these important factors when picking your home warranty plan.
Cost
We received 120 quotes for a 2,000-square-foot, single-family home and discovered that home warranties cost an average of $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. A basic home warranty is more affordable than a comprehensive one. Home systems coverage plans will cost more than appliance plans. Most plans offer add-on coverage options for an additional monthly fee. Consider your particular needs before choosing a plan.
Coverage
Many home warranty providers offer plans for select appliances or systems. Determine which appliances and systems you use most often before purchasing a plan. If you only need coverage for certain major systems (like air conditioning) or certain appliances, you can find a plan that meets your needs. 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
Most home warranties only cover normal wear and tear. They don't cover improper installation or preexisting conditions. In addition, home warranties don't cover cosmetic issues or appliance components, theft, routine maintenance, or defects. Providers outline exclusions and limitations with their service contracts. Make sure you read it and understand your protection plan's exact terms and conditions.
Provider Reputation
Also, consider provider reputation. You can also find customer reviews on sites such as Trustpilot, Best Company, and Google Reviews. Reviews and ratings can show how a company handles claims and customer service. Check with the Texas Attorney General to verify that a provider holds a license with the state.
Contractor Network
Consider a home warranty company's service provider network. Providers should always send licensed and registered contractors to handle service requests. Make sure you ask how and where a company sources its technicians. Choose a provider that mentions the names of familiar service contractors. Homeowners in rural areas may consider choosing a home warranty that lets them pick their technicians. It's good to have the option to source your own providers if there are no in-network ones available in your area.
Frequently Asked Questions About Home Warranty in Little Elm
Do I need a home warranty in Little Elm?
What are preexisting conditions?
What is the best home warranty provider in Little Elm?
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 long does a home warranty typically last?
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