When purchasing a home, there are many important decisions thrown at you all at once.  Purchasing a Home Warranty is one of those decisions that you want to stop and take a moment to investigate in order to really know all of your options. 

At Pivach Real Estate, we make sure our customers get the service and attention to detail that they deserve.  This dedication has led to the compilation of the following information on home warranties. 

WHICH COMPANY:  There are numerous home warranty companies and policies to choose from.  Therefore, it is imperative to have either your agent or yourself compare the option, apples to apples.  

You can also purchase the standard home warranty or add upgrades (such as to cover a hot tub, pool, extra refrigerator, etc.).

NEGOTIATION TOOL:  You can negotiate the cost into the purchase agreement and have the sellers pay for the home warranty.   In addition, the seller can offer a home warranty as part of an incentive program to purchase their home.

Some companies even offer Sellers coverage for some items while the home is listed, even if the home isn’t sold.  The Home Warranty is typically paid at the time of the sale.

PEACE OF MIND:  Home warranties have been a savior for many of our clients in their first year of home ownership.  Our clients have had electrical issues, a/c and heating problems, and numerous other items repaired by the warranty companies.  

An important benefit that most clients aren’t aware of is that home warranties can be purchased ANYTIME - not just at the time of closing!

KNOW THE POLICY DETAILS:  Before purchasing the policy, it is important to thoroughly read the information provided by the company.  This alleviates surprises when it’s time to make use of the policy. 

For instance, home warranty companies typically do not repair walls or ceilings that have had to be opened up because of covered items.   They will fix the damaged mechanical item but not repair the finished wall.  Also, most repairs typically involve a small deductible that is paid at the time of service.

Be aware of any pre-existing clauses or exclusions.  You don’t want to wait until something happens to find out the repair is not covered.

Many companies require that you use their repair contractors to have coverage under the program.  So in the event of an issue, always call the home warranty company first!

CONTINUATION OF COVERAGE:  After the first year, the purchaser of the home can continue to pay for the home warranty.  This lessens the financial burden of major unexpected repairs.  After all, budgeting with known premiums is easier than reacting to unknown repairs as they manifest.