I usually recommend that you ask for and get one of these warranties. Whenever you are buying a new home it is an unknown quantity. You have no idea about the complexities of the systems. While a good home inspection can help you avoid making a costly decision up front, what about afterward? Machines are not infallible. Perfectly good equipment from a good manufacturer can fail suddenly. If it is no longer under warranty what do you do then?
The basic way the Home warranty plans work is that they cover repairs on your systems for a minimal service fee of around $50. That is regardless of the extent of the work performed. The advantage here is clear as most service calls these days start around $75.
I have had several clients who had new AC systems installed and water heater tanks. Repairs that would have meant thousands of dollars of out-of-pocket expenses all covered by the Home Warranty plan.
In the climate we enjoy in Palm Springs pool equipment and air conditioning equipment is essential to our way of life. Having those major systems covered, is worth it, to me to keep a home warranty plan in force.
A couple of important points to understand:
Home Warranty service is not done on an emergency basis. You have to schedule appointments during regular business hours
Home warranty will not replace your regular homeowners insurance but it may complement it so always check with them for coverage questions.
After the first year of service you will have the option to renew the plan or you may go with another company.
Often times home warranty companies have agreements with major appliance retailers and you can get a discount on new appliances/ home improvement projects if you are considering those.
Listed below are two companies who have provided good service to my clients in the past. Please feel free to contact me if you have any more questions or need more information.
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