How to Spot the Gaps in a Home Warranty + What to Do About It

One confusing aspect of buying or selling a home is a home warranty. It’s intended to guarantee that the major systems, such as heating and cooling, plumbing, electrical systems, and roofing, in the home are in good working order.

If an appliance, or system, breaks down, new homeowners often believe that the warranty will cover the cost of repair or replacement. Sadly, this is not always the case due to restrictions and clauses within the warranty. However, a smart homeowner knows how to spot gaps in a home warranty, so they can better protect themselves.

Limited Coverage

Warranties vary, so is vitally important that buyers fully understand exactly what is covered and for what amount. Most warranties generally cover most of the crucial systems in a home as well as the necessary appliances. In most cases, optional, premium coverage can be added, which offers additional protection.

However, in order for a policy to be written at all, the seller has to show that everything is in good working order. If everything has been properly maintained, it’s likely the warranty will be issued and the sale can proceed. If not, then the necessary repairs, or replacement, will have to be done first.

Unexpected Expenses

Home warranties don’t always cover the full amount of repairs, or replacement, that need to be done. Essentially, this means the homeowner is responsible for any amounts over the coverage threshold. While this may not seem to be much of an issue, homeowners are faced with the potential of paying out hundreds, or thousands, of dollars.

Related Read: How You Know When It’s Time to Replace Your Furnace

When choosing a home warranty provider, be sure to inquire about payout thresholds for repairs and get specifics on replacement coverage. Otherwise, if your air conditioner quits in the middle of summer, you may be in for more than a hot afternoon.

Closing The Gaps

All those expensive systems you own in your home, the air conditioning unit, furnace, and the top of the line appliances, need special care so they can continue to perform well. Regularly scheduled maintenance is a must, and can easily be achieved by entering into an HVAC system maintenance plan with a reputable company.

Most plans ensure your technician checks everything out twice a year and replaces any worn parts or filters as needed. When it’s time to sell, you’ll have a record of the ongoing maintenance you’ve performed, thus making your home more attractive.

Related Read: 9 Benefits of a Preventative Maintenance Plan

Keep in mind that if you ever want to sell your home, the appliances and crucial systems have to be in operational order. In order for that to happen, they have to be regularly serviced by a licensed technician. Experts say that bi-annual check-ups are usually enough to keep everything up and running, however, it can be determined on a case-by-case basis.

If you’re ready to fill the gaps in your home warranty, call Schneller & Knochelmann Plumbing, Heating & Air at 513-407-4424 or 859-757-1877 to set up a maintenance plan today!

We Can Help You With Special Offers

  • Buy an AC, Get a Furnace for Free
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