Home Appliance Insurance – Don’t Over Insure Yourself

Have you every heard of home warranty insurance? If you are a first time home buyer, there is no doubt that you have. But if you are like most people, you just don’t know how to navigate the different options and plans that are out there. And that is where most people just need a little help. The different plans are not hard to understand if you get some one with a little bit of experience to put things into perspective.

What are the different options to choose from?

For most people, the first plan that they purchase will be a plan that covers most of the appliances and systems in their home. But remember, these programs will usually not cover a blender that goes bad, but they cover things like dishwashers.

The other options are basically just specific to your needs. You can choose a smaller plan to only cover your appliances or just your major systems like the plumbing or electrical systems. Some of the companies will even let you pick and choose the options that suite you best.

What all is covered by home warranty protection plans?

Basically the things that are not covered are pre-existing conditions. Basically if there was a problem with your air conditioner before you bought your warranty, then that item will not be covered. Another common thing that happens is lack of maintenance or abuse. For example, if you do not change out the air filters on your air handler, then that will probably not be covered.

How does one get in a position where they are over insured?

This happens to many first time home buyers. Basically they have overlapping policies that cover the same appliances or systems. This is a waste of money and most people have not idea that it is happening. If you have just purchased a new washer and dryer, there is no need to have them covered on a home warranty because they are covered by the manufacturer for a least a year.

Where is the best place to buy a home warranty? Check out my article for some quality info on the subject.