Are Home Warranties Worth It for Newport News Residents?
Yes, home warranties are worth it for Newport News residents. Newport News summers can get hot, which makes it important for your air conditioner to work properly. However, over time this system can malfunction from heavy use.
Newport News has fairly mild winters, but it's still important to make sure your heating works when needed. The cost of replacing your HVAC system can range anywhere from $2,500–$8,000. A home warranty plan is comparatively cheaper, only $644–$737 per year, based on 120 quotes we received from home warranty companies nationwide.
The regular rain in Newport News can damage your home's roof. The cost of repairs will be lower if you have a home warranty with roof-leak coverage. Lastly, 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 important factors when picking the best home warranty plan for you.
We pulled 120 quotes for a 2,000-square-foot, single-family home and found that home warranties cost roughly $53–$62 per month. You'll also 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 what you need before choosing a plan.
Figure out which systems and appliances you use most often. Most home warranty plans offer customizable coverage tailored to your needs. If you only need coverage for certain systems, like your air conditioner, most providers offer systems-only plans. The same is true if you only need coverage for certain appliances. 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 don't cover improper installation or preexisting conditions. Most policies will only cover normal wear and tear. Most will also exclude appliance components or cosmetic issues, theft, routine maintenance, or defects. Providers will outline limitations and exclusions in their service contracts. Read your contract thoroughly to make sure you understand your plan's terms and conditions.
You should also consider a provider's reputation. You can also find customer reviews on sites like Google Reviews, Best Company, and Trustpilot. Ratings and reviews can show how providers handle claims and customer service. Check with the Virginia Attorney General to verify that a provider holds a valid state license.
Take into account a home warranty company's network of service providers. Any company you choose should use licensed and registered contractors to fulfill service requests; make sure to ask your company how and where it sources technicians. Choose a provider that mentions service contractors you're familiar with. Homeowners in rural areas may prefer a home warranty that lets them choose their technician. It's important to have the option to source your own provider if there are no in-network ones in your area.