May 29, 2022 #1 Local News, Information and Event Source for the Century City/Westwood areas.

How Can You Benefit from Purchasing a Home Warranty?

Buying a home is probably the biggest purchase you’ll ever make. It’s an investment that will affect you for decades to come. Your home is also a place that will protect your loved ones as well as your most valuable possessions and belongings. Maintaining a home requires hard work and diligence. Despite your best efforts, however, appliances and systems will break down and require repairs or replacement – and the cost to do so can be steep. If you are not prepared, you can face some significant financial strain. One solution is to buy home warranty.

A Word About Homeowner’s Insurance

To secure a mortgage loan, you need to acquire homeowner’s insurance. This protection covers you against loss in the event of an emergency, disaster, or other unforeseen circumstances. For example, if a large windstorm knocked a tree into your home, damaging the roof, you could file a claim and work with the insurance provider to arrange repairs – and the associated payment. You pay a monthly premium as well as a deductible when you make a claim. The insurance company takes care of the rest at that point.

How a Home Warranty Is Different

A home warranty does not take the place of an insurance plan; it is in addition to your home insurance policy. You pay an annual or monthly cost to the warranty company in exchange for coverage when an appliance or major household or property system breaks down. The warranty covers wear and tear but will not pay to repair or replace an item that you failed to properly maintain. For instance, if you ever failed to address a small leak in the water heater that eventually got bigger and ruptured, don’t count on your warranty to take effect.

Saving Your Big Bucks

Think about your budget for a moment and consider how much it would cost to fix or replace major appliances and other items in your home. A new water heater can cost over $1,000. Revamping the HVAC system can cost a few thousand or even up to $10,000 or more. A new refrigerator, dishwasher, or range can cost from hundreds to a couple of thousand. If you find yourself with a broken appliance such as one of these, it may be difficult to come up with the cash to take care of the repairs. But if you have the best home warranty for HVAC you can avoid paying out of pocket to purchase and install a very pricey HVAC system; instead, you just have to worry about the premium and let the warranty do the rest.

Giving Your Peace of Mind

You never know for sure when an appliance or system in your home will stop working, but. you can bet that at some point, everything will start to wear out. You could spend sleepless nights worrying about how you would pay for new ones, or you can get a home warranty and put your mind at ease. When something does break down, you will know that the only inconvenience will be the time it takes to repair or replace the item.

Purchase at Any Time

A nice benefit to having a home warranty plan is that you do not need to purchase it the day you move into your home. You can buy it whenever it makes sense to you and still have coverage on those important appliances in your house. If you bought a new water heater several years ago and the manufacturer’s warranty has expired, you can extend that warranty today. The warranty will give you coverage even if you moved into the home many years ago.

Good for Those Who Are not the Do-it-Yourself Types

It’s nice to be handy around the home and have the skills to fix items. However, if you aren’t confident in your abilities or don’t have an interest in doing these projects, a home warranty can make a lot of sense. When something wears out, instead of trying to repair it on your own, simply take advantage of your warranty, and let a professional handle it. This service call won’t cost you a dime other than what you must pay for the warranty.

Makes Sense for Inexperienced Homeowners

First-time homeowners in particular may not be familiar with certain household systems. Sprinkling systems, the plumbing, and furnaces may be outside of your realm of expertise. If this is the case, put your warranty into action and let someone else do the dirty work for you.

It’s easy to see that there are benefits to buying a home warranty. This can help you save money and feel at peace knowing you will not have to pay a lot for any repairs or replacements. Inquire about one today and get started on your new coverage.

Related Posts

Overland Avenue Development Nears Completion

May 27, 2022

May 27, 2022

Development sits on the T-shaped property at 3664 – 3688 Overland Avenue and at 3667 – 3673 Keystone Avenue By...

1930s Apartment to Be Replaced by Five-Story Building in Pico-Robertson

May 27, 2022

May 27, 2022

Horner Street building would be replaced by five-story apartment By Dolores Quintana A 1930s apartment in Pico-Robertson is slated to...

Seller of Bel Air Mansion Furious After Property Flops at Auction

May 24, 2022

May 24, 2022

Mansion on Sarbonne Road in Bel Air fails to meet $50 million reserve price By Sam Catanzaro The seller of...

Los Angeles Metro Sees 15.9 Percent Increase in Median Rent

May 20, 2022

May 20, 2022

Median rent of $2,258, according to recent report By Dolores Quintana The ongoing pandemic has exacerbated the issues of housing...

1930s Home Set to be Replaced With Five-Story Apartment

May 20, 2022

May 20, 2022

Property located at the intersection of Ohio and Wilkins By Dolores Quintana In Westwood, north of the Mormon Church’s temple,...

New Four-Story Residential Structure Has Begun Construction In Mar Vista

May 16, 2022

May 16, 2022

Structure will be located at National and Federal. By Dolores Quintana Harpco Construction announced that construction has begun in Mar...

Sawtelle Will Be The Site of A 73 Unit Mixed-Use Building

May 15, 2022

May 15, 2022

The building will be five stories tall with ground floor commercial space.  By Dolores Quintana SR Capital is building a...

West Los Angeles Area Potentially To Get A New Five-Story, 24 Unit Structure

May 15, 2022

May 15, 2022

The owners are seeking density bonus incentives to build multifamily housing.  By Dolores Quintana The owners of two parcels located...

New Master Plan for VA’s West L.A. Campus Will Provide Over 1,000 Units of Housing Veterans

May 10, 2022

May 10, 2022

VA Secretary Denis McDonough releases Master Plan 2022 By Sam Catanzaro As part of the Department of Veterans Affairs’ efforts...

10 Small Homes Coming to Barrington and National

May 8, 2022

May 8, 2022

Barrington 10 will boat 10 homes between 1,700 and 2,200 square feet By Dolores Quintana Mar Vista will also be...

Renting Your Second Home

May 6, 2022

May 6, 2022

If you are among the many Americans who own a second home that you occasionally use as a vacation getaway,...

Five-Story Apartment Development Planned Just off Beverly Glen

May 6, 2022

May 6, 2022

Developer seeks approval to bring 24 units of housing to 1854-1862 Pandora Avenue By Dolores Quintana  In West Los Angeles,...

LA Considering Emblem Program to License Cannabis Stores

May 6, 2022

May 6, 2022

Program would help Angelenos distinguish between licensed and unlicensed cannabis vendors and safe cannabis products By Dolores Quintana Members of...

Column: Cities Fight to Maintain Distinctive Characters

May 6, 2022

May 6, 2022

By Tom Elias, Columnist Anyone who knows California well will realize that Palo Alto does not look much like nearby...

Inglewood City Council Green Lights $1.4 Billion People Mover

April 30, 2022

April 30, 2022

People mover would connect the Crenshaw/LAX Line with SoFi Stadium, Intuit Dome By Dolores Quintana The Inglewood City Council has...