Florida East Coast Real Estate

Is Home Repair Insurance Necessary?

by Darlene Quivey, Your Brevard Homes Professional 01/26/2020

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

Darlene Quivey, Your Brevard Homes Professional

The East coast of Florida is my home. This is where I work, play and live and I love it here. My extensive background in home construction in the Florida market for over 15 years has given me the knowledge and insight to become well educated in the real estate business. 

Being a Navy brat from the day I was born made me proud to take the next step in my career to become certified as a Military Relocation Professional. Helping military families relocate to and from the Space Coast of Florida is an honor. A military family faces a unique situation when it's time to relocate, so having the answers to many questions in a timely manner is my focus.

With the utmost respect I say "THANK YOU FOR YOUR SERVICE" and now I hope to be able to give back to the men and women who are or have served in the military.

The beach is beautiful, so if you are looking for a condo on the beach I can help with that. Our cities and small towns alike are involved in their communities. We have beach towns, luxury homes on the river, downtown city living and if you like being a little away from the busy life, we have that as well.

I live, work and play here, let me show you around!