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Home Appliance Insurance – Who Needs a Home Warranty?

Tuesday, July 19th 2011. | Home Appliance

Home Appliance Insurance – So there i used to be, sitting in my city home with beads of sweat dripping off of my nose, and that i had no concept that home appliance insurance existed. i used to be twenty 3 years previous and had simply bought my initial home and BAM, my air conditioner quit on me. simply the night before, I had a celebration at my house and everybody was complementing me on the acquisition of my home and saying how accountable i used to be and the way they were therefore jealous. however they weren’t brooding about my house being nearly twenty years previous.

Home Appliance InsuranceSo what happened to my AC and how was I going to get it fixed?

Well the fact was, I didn’t have an air conditioner. I had a heat pump, but all that I knew was that I needed to get it fixed quickly. I lived in the DEEP south so having an air conditioner is not just a convenience, it’s a requirement. Trust me.

My heat pump compressor failed so that meant that the whole unit had to be replaced. And how much did it cost? It cost a total of about fifteen hundred dollars. But keep this in mind, that was over fifteen years ago! A repair or replacement of a heat pump today could cost easily over $5000. if 16 SEER means anything to you, you know what I am talking about.

So who needs a home warranty?

Well, I’ll tell you one thing, I sure needed a home warranty when my AC quit on me. The fact was, at the time, I could have bought one for about two hundred dollars. So what lesson did I learn? Every house that I have bought since that time has been purchased with some sort of home warranty or appliance repair insurance. It’s as simple as that.

Does everyone need to by this type of insurance?

Nope. Not at all. Let me explain myself. If you have purchased a brand new home, then you certainly do not need a home warranty. Here’s why. If you buy a house that is newly built then you will be covered by a contractors guarantee. We are not talking about a wink and a handshake here. A contractor’s warranty or guarantee is mandated by law in many states to protect consumers.

So what is the moral of the story?

If you purchase a brand new home, a home warranty may not be your best option. But if you are thinking about buying a home that is twenty years old, then home appliance insurance could save you a few thousand dollars and give you peace of mind.

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