The majority of the people purchase home service agreement right when they close on any home as these protections can offer the homeowners some much-required peace of mind that the homeowner won’t get hit with some unnecessary expenses after moving in. Can you imagine how big bummer it would be! With the right home service agreement or the home warranty with you, you will actually be able to lessen all the worries. Therefore, having this type of agreement is worth each penny.
The coverage offered by home service agreement:
The home service agreement should not be mistaken for the homeowners insurance that covers the structure and belongings of any home in case of storm, fire, any accident or flood. The home warranty, in comparison covers the replacements or the repair of the appliances or systems because of normal wear and tear and without any calamities.
The home service agreements in Los Angeles usually cover the items like:
- Plumbing systems
- Electrical systems
- Dryer and washer
- Heating and cooling systems
- Different types of kitchen appliances like as range, oven and garbage disposal
Cost of a home service agreement:
While the homeowners are often needed to purchase homeowners insurance along with the mortgage, the home service agreement is a completely optional purchase. In this type of agreement, the basic coverage begins at a certain cost and therefore it goes up for the more comprehensive type of plans. The homeowners are free to choose extra coverage if required like as the coverage for any external well or swimming pool.
Even though a number of companies offer home service agreement to the homeowners at any point, but the best deals can be snagged often at the time of purchasing the home. This type of agreement plan when purchased during the time of real estate transaction usually offers the most comprehensive price points and coverage level. This is the reason it makes sense to lock it in during home purchase.
What happens while something breaks?
In case something that is covered under the home service agreement breaks, then you can call the service provider, who will then help you to get connected to any qualified contractor in your place. But keep in mind one thing that this type of agreement doesn’t mean that you are off scot-free; usually you would need to pay for the service call or a specific amount of bill.