Your dishwasher won't run. Your heat won't come on. The cost of home repair these days can be intimidating to any homeowner- especially first time homeowners. We offer protection from these issues through our home warranty coverage.
Your home warranty company will give guidance on any number of home issues. For instance, a few roof shingles blow off in high winds. A pipe on an exterior wall freezes occasionally. The crawl space is damp. While these issues are not covered by any type of extended home warranty, these are all issues that can be solved for minimal to no cost at all. Help is just a phone call away!
For the hundreds of other possibilities that are covered by the home warranty, a representative will go through a few simple questions and procedures to help us identify the problem with a service technician, and follow through on ensuring the proper fix is performed. With most claims, a technician visit occurs within 24 hours, and the problem is solved on the first visit. Some claims require parts that may be ordered or in stock locally. Either way, the cost to the homeowner is often the low deductible. Additional charges would apply for after hours service calls and obsolete parts. See policy for a complete list of covered components and limitations.
Nearly 80% of all policyholders that make a claim in their first year renew their policy. They see the financial benefit to being a part of a group of thousands and thousands of homeowners that can negotiate better rates of service than any single homeowner. Most policyholders save more than their policy premium each and every year when you compare their overall cost with retail contractor rates.
Sellers benefit from home warranties each and every day. One thing that is a guarantee in any home- all motors will eventually go out. Every appliance will malfunction eventually. Sometimes eventually is right after closing, and as is often the case, the buyer looks to the seller to fix the problem they feel is the sellers responsibility.
With a home warranty, this can be avoided. The date on which the problem occurred is the primary factor in determining coverage, and for the great many of situations similar to this, the malfunction occurred shortly after closing. A buyer is much more likely to call their home warranty company when they experience a problem than call on the seller to fix it. This gives the buyer the chance to hear from a qualified professional contractor what the problem is and how it happened.
By offering a home warranty with every transaction, you are providing a proven marketing tool that can contribute to a safe and successful sale in many ways: Some home warranties suggest that homes with warranties "sell 50% faster" and for "up to 3% more," because buyers feel they have made a safer investment. While we here at Residential Warranty Services find these numbers to be on the high side, we know from experience that a home warranty can reduce the seller's liability for problems with the home that occur after the sale.
This information is provided by Residential Warranty Services (RWS) as of 2022.