5 Things to Look for in a Home Warranty Protection Plan Provider
Even though the deal might sound like it's the best thing you've ever come across, there are five things you need to check out before you decide on a home warranty protection plan provider.
Home and Belongings Coverage As well as comparing these numbers with other quotes that you receive, there are other things to consider.
For example, there are policies out there that offer extra cover if certain criteria is met, during the event that your home becomes so damaged that it is lost.
While it's not always obvious, this extra coverage can mean a big difference should the worst happen.
Also, concerning contents coverage, you'll need to make sure that the amount you will receive is really enough to replace everything in your home.
Just because your old sofa is only worth $50 today, you'll still probably need somewhere in the area of $150 to replace it.
Discounts for More than One Policy If you have more than one policy, whether it's car insurance or something else, then you should know that you can get a sizable discount for using the same company.
It may definitely be worth considering a home warranty provider that offers a wide range of services.
On the other hand, sometimes even with the discount, another provider may still be less expensive.
Quality Company Something else to think about is how strong the company is.
As we've all found out the hard way, it often pays in the long run to pay a little bit more for a good, quality product, rather than just buying the least expensive item you first see and seeing it break down.
This also applies to home warranty protection plans.
Some new insurance companies might only have a few million dollars in the bank, not enough to cover everyone in the event of a large natural disaster.
Therefore, it might be smart to pay a bit more and choose a home warranty provider with a reputation for stability and reliability.
Difference in Coverage's You might be content with your main coverage but you can also look at extra coverage's, riders and even endorsements that other providers offer.
Such things as "loss of use" cover, which provides you with a living allowance while you're unable to live in your home, can greatly vary.
One policy may only offer $10,000 for hotels etc, while another may offer unlimited cover for up to two years.
Accessible Service If you can, check to see that there will be someone available at all times--24 hours a day--to answer the phone should you have an emergency.
You're not going to want to have to wait all weekend for your home warranty provider to come to your aid when your home burns down on Friday night.
As well as this, you should confirm that they have repair workers living nearby, who are ready and willing to come fix your home immediately should it be needed.
You don't want to be waiting days on end with a damaged or unlivable house for a repair worker to come and help.
Home and Belongings Coverage As well as comparing these numbers with other quotes that you receive, there are other things to consider.
For example, there are policies out there that offer extra cover if certain criteria is met, during the event that your home becomes so damaged that it is lost.
While it's not always obvious, this extra coverage can mean a big difference should the worst happen.
Also, concerning contents coverage, you'll need to make sure that the amount you will receive is really enough to replace everything in your home.
Just because your old sofa is only worth $50 today, you'll still probably need somewhere in the area of $150 to replace it.
Discounts for More than One Policy If you have more than one policy, whether it's car insurance or something else, then you should know that you can get a sizable discount for using the same company.
It may definitely be worth considering a home warranty provider that offers a wide range of services.
On the other hand, sometimes even with the discount, another provider may still be less expensive.
Quality Company Something else to think about is how strong the company is.
As we've all found out the hard way, it often pays in the long run to pay a little bit more for a good, quality product, rather than just buying the least expensive item you first see and seeing it break down.
This also applies to home warranty protection plans.
Some new insurance companies might only have a few million dollars in the bank, not enough to cover everyone in the event of a large natural disaster.
Therefore, it might be smart to pay a bit more and choose a home warranty provider with a reputation for stability and reliability.
Difference in Coverage's You might be content with your main coverage but you can also look at extra coverage's, riders and even endorsements that other providers offer.
Such things as "loss of use" cover, which provides you with a living allowance while you're unable to live in your home, can greatly vary.
One policy may only offer $10,000 for hotels etc, while another may offer unlimited cover for up to two years.
Accessible Service If you can, check to see that there will be someone available at all times--24 hours a day--to answer the phone should you have an emergency.
You're not going to want to have to wait all weekend for your home warranty provider to come to your aid when your home burns down on Friday night.
As well as this, you should confirm that they have repair workers living nearby, who are ready and willing to come fix your home immediately should it be needed.
You don't want to be waiting days on end with a damaged or unlivable house for a repair worker to come and help.