Dean Buescher Explains Why Everyone Needs a Home Warranty

A home warranty is essential for any homeowner. Builders like Dean Buescher encourage all Indianapolis residents to secure a home warranty when buying or building a new home. A home warranty is not the same thing as homeowner’s insurance. The two policies complement each other but do not overlap. Home warranties help to cover possible losses when a home’s systems or appliances fail. For example, a home warranty may cover the furnace, air conditioning system, water heater, and kitchen appliances.

Some people mistakenly believe that homeowners’ insurance covers these items, but homeowners’ insurance is limited to damage, theft, and liability on your property. With a small upfront cost for the annual premium, the home warranty can help homeowners deal with breakdowns and repairs to their appliances and systems.

Most home warranty programs in Indianapolis have a deductible, meaning that the homeowner is responsible for all expenses up to a certain amount. Above and beyond the deductible, the home warranty company pays for the repair and replacement of your property. As with homeowner’s insurance, a higher deductible will lead to a lower premium. It can make more sense for a homeowner to purchase a policy with a lower deductible for a larger premium, especially when the home is older or when maintenance problems are anticipated.

One possible sticking point of the home warranty is that most policies require that the systems or appliances in question need to be “properly maintained.” This can be a problem when making a claim, as sometimes the home warranty company will have different standards than the homeowner. This can also happen when a family buys a new home and assumes a home warranty from the previous owner. Be sure that you ask the home warranty provider about their standards for proper maintenance. This will keep you from experiencing any unpleasant financial surprises when an appliance or system breaks down.

When making a claim to the home warranty company, the company will charge a trade call fee of approximately $75 to $125 depending on the severity of the problem. Each professional called to the home will require a separate trade call fee. This is considerably less expensive than having to pay upfront for the repairs to the system, but it should be taken into consideration when deciding whether to get a home warranty.

Home warranties are tailor-made for homeowners who are not conversant with home repairs. If you are not prepared to undertake repairs on your own, you may find that a home warranty provides important peace of mind. They are also a useful program for homeowners who do not have a significant emergency fund or who would rather not dip into their savings to repair any problems with their home.

Home warranties are available for new homes as well as existing homes. If you are buying a warranty for an existing home, be aware that certain appliances or systems may not be covered if they were not maintained according to the home warranty company’s standards. For a new home, this should not be a problem. Some sellers offer a one-year home warranty to the buyer, providing a cushion in case the appliances or systems left behind were faulty.

Indianapolis homeowners need to make sure that they carefully consider the pros and cons of a home warranty policy. Builders like Dean Buescher recommend that all homeowners, whether they are in a new or existing home, purchase a home warranty. These policies can significantly reduce the amount of repair money that needs to be spent on a home’s systems. They can also provide peace of mind when moving into a new home. When a homeowner has a warranty, they can be assured that they will not have to pay the full cost of repair or replacement of any covered item.