Apr 16, 2012
The advantage to a home warranty is peace of mind. When your oven breaks or air conditioning conks out, just call your home warranty company and they will send out a technician to repair it. You pay the deductible (usually about $60). And they will replace equipment that can't be repaired. They can save you a lot of money and headaches.
I've been a fan of American Home Shield for years and have used them personally on my homes for the past 24 years. But not so much any more. They've raised my deductible to $75 a visit and they continually raise my renewal rate. They've rejected my recent air conditioning repair because the unit is too old (like I would need their warranty if it was new?). Even though I live in a 1930s home, it doesn't make financial sense to keep paying them more than $750 a year for minimal coverage.
Nations is a small, yet very reputable business and they are based in Dallas. While no home warranty company is perfect, they come close. And my clients are happy with them. Their coverage and customer service out performs their competitors.
Let me add, that all home warranty companies offer limited coverage. No company covers everything in every inch of your pre-owned home. Some plans don't cover certain items such as pre-existing conditions, required updates, maintenance issues like rust, etc. They only cover items due to 'normal wear and tear' and that were in previously good operating condition. Read the fine print. While your homeowner's insurance is designed to cover disasters like fires or tornadoes, your home warranty is designed to cover breakdowns.
Why get a home warranty? When you purchase a pre-owned home you may be using it differently than the previous owners. Running the dishwasher more often, flushing different toilets, etc. If something breaks down, it makes it easier to deal with. [where: 75230]