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What is Home Repair Insurance?

by Chris Smith Realty 03/24/2020

Photo by: Caleb Woods via Unsplash

Home repair insurance is an optional service agreement also known as a home warranty. It is put in place to save costs when there may be a need for repairs or replacement of any major system or household appliances. Often added as an incentive to sweeten a sale, a great home warranty is a valuable option to have.

Items covered by this insurance might include the refrigerator, dishwasher, HVAC, plumbing, washer and dryer, electrical systems and plumbing. These appliances and systems may break down and need repair at some point due to daily use.

Apart from home repair insurance, there are other types of home protection plans that take care of expensive home repairs. Some of these policies are utility insurance, homeowner’s insurance and manufacturer’s warranties. Though they sound similar, each of the home protection plans is helpful in different situations.

What is covered by home repair insurance?

Note that home repair insurance covers items written clearly in the contract; it does not take care of anything outside the contract. Many home warranty providers have three coverage levels. They are the basic plan, an enhanced plan and a customized plan. The basic plan is the first level of coverage that takes care of appliances that you use every day. It also covers systems like garage door maintenance and dishwashers.

The enhanced plan is an upgrade of the basic plan; it covers extra items like a washer and dryer, jetted bathtub or water heater. You may also opt for a customized plan where you have the option of including specific features like a pool heater or well pump.

How to make a service request

Before submitting a service request, endeavor to call the company’s customer service line. Better still, you can often file a claim online. 

Follow these procedures when making a service request:

• Check your contract to be sure that the insurance plan covers the broken item.

• File a claim when covered items malfunction or stop working.

• Do not hire a contractor on your own, instead allow the home warranty provider to supply you with one of their professional contractors.

• Pay the technician a service fee.

• Ask if they will replace items that are not repairable.

There are a lot of benefits that come with home repair insurance. Go through the different plans available and opt for the one that is suitable for you. When you’re ready to start your home-buying journey contact me to go over the best strategy for securing a home warranty with your offer.

About the Author
Author

Chris Smith Realty

 

At Chris Smith Realty we know that helping people realize a dream of home ownership – building their life stories or helping people move on to a new part of their lives by selling their home is a very personal and important decision. We at Chris Smith Realty excel in partnering with our clients to give them a positive experience.

Chris Smith , Broker/Owner of Chris Smith Realty, Spring Lake, NJ (www.chrissmithrealty.com), has over thirty-one years of extensive real estate experience and expertise and has passed his knowledge to his superior sales staff. Chris Smith Realty can provide information on Spring Lake, Sea Girt, Manasquan, Brielle, Wall, Belmar, Avon-by-the-Sea and the surrounding areas in Monmouth and Ocean counties. As premier real estate agents, we invite you to call us at 732-449-3777 or email us at [email protected]

Buying a home? We will help you find the home of your dreams by taking the time to listen and understand your needs and desires. Once we know what you want, we will work tirelessly to find the right home for you, because no one should have to compromise when it comes to such a huge purchase. Your total satisfaction is our number one priority.

Selling your home? Our expertise in the Spring Lake, Sea Girt, Manasquan, Brielle, Wall, Belmar, Avon, Monmouth and Ocean Counties real estate market will help ensure that you get the best price for your property. Our finely-tuned marketing program will give you the edge you need to sell your home. We don’t want to just list your home, we want to sell it! Fast!

Relocating? If you are moving to our area, we can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact us for any information you need. We love to assist people in relocating, and we’ve helped many people move to our area!

We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for Sale, Moving Resources, or even Mortgage Information everything you need is right here.

We have built a reputation for client satisfaction, and we are devoted to making your move as easy as possible. You will have the added benefit of working with agents who understand your needs when buying, selling, or relocating. Finding the right home is only the beginning. We will assist you every step of the way to ensure smooth sailing.

We are always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don’t hesitate to call or e-mail us!

Thank you for visiting our site. Please bookmark it, and visit it often.

We look forward to hearing from you!

Sincerely,

Chris Smith

Broker/Owner