A home warranty is a good idea if you are worried about costly repair bills or are not able to afford to pay for them yourself. It can also give you peace of mind, and it acts as a buffer for emergencies if you do not have an emergency fund to cover the costs. It makes sense if you’re not a handy person and would prefer not to deal with contractors or track down a repairman on your own. If you’ve invested in some of the most expensive appliances in your home, a warranty is a smart idea.
Protects your belongings from theft
As a homeowner, you should always take steps to protect your belongings. It’s important to lock windows and doors to prevent trespassers and burglars from entering. If you live in a high-crime area, you should reinforce windows and doors to ensure their security. Keep expensive items locked in a safe or out of sight. You should also avoid leaving expensive items in public areas.
You should also consider purchasing a home warranty for your valuable personal property. Although most homeowners insurance policies do not cover the theft of business property, some do. By purchasing a home warranty, you’ll be able to schedule your items for their full replacement value. You should consult your agent for more information on which personal items are covered by your policy. In some cases, you may be able to use this home warranty to protect the personal property of a college student.
Helps you sell your home
Whether you’re selling your home for personal use or for financial gain, a home warranty will make the selling process easier. A home warranty will cover a variety of items, including appliances, plumbing and more. Its coverage is also limited to the cost of a service visit. Fewer surprises mean less stress and hassle for both you and the buyer. If you’re putting your home on the market, a home warranty may be the selling point that convinces buyers to make an offer.