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What Is a Home Warranty

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An AZ home warranty is a yearly plan that you can pay either as part of your closing costs or on your own.  The things that are covered by a home warranty usually vary by warranty company and plan, but usually cover things such as plumbing, major appliances, and structural issues which can occur during normal wear and tear. Sometimes you will find warrantees and guarantees which are called home warranties, but which are actually different and at times can be had along with a traditional AZ home warranty.

You should always research a home warranty in Arizona before purchase so that you can not only find the best deal for your money; but also, so you can know exactly what is covered and covered under what circumstances, as well as who to contact if something breaks. Sometimes you will need to contact the home builder, sometimes the manufacturer of an appliance, and sometimes an insurance company to get something fixed. Sometimes there will be conditions to repair work such as excessive wear and tear, pre-existing problems, or maintenance neglect which will keep a warranty for paying for repairs; and, sometimes a warrantee will only cover repairs and not replacement, even if an item is beyond repair. As a home owner you expect to have some maintenance expenses, especially as you home and appliances get older; however, no one wants to pay more than they have to and having the option to purchase a warranty plan will probably save you money in the long run.

 

Most of the time an Arizona home warranty will cover things such as plumbing and electrical, heating and cooling, and some major appliances such as fridge, built in dishwasher, and stove. While most warranties do not, some policies will include coverage for other appliances such as trash compactor and garbage disposal, built-in microwave and more. You will want to check which policies available cover which things and for what price. Most of the time a home warranty will cost a couple of hundred dollars a year for as long as you want to and can renew it. However, sometimes a home warranty will be a one year thing and be included in the cost of your new home. It is always a good idea to research the terms and costs of various different warranty plans before you purchase any of them so you know that you have the best deal possible.

You will want to research whether or not you want an AZ home warranty from your realtor, your builder, or from your insurance company and whether or not you can have multiple policies. Sometimes your home owners insurance will have a home warranty rider that will help cover some things as well. Since policies vary widely you will want to see a sample copy or read over the paperwork before you make any commitments. When you do get the paperwork you will want to really spend time reading over it so that you know exactly what you are getting into. Don’t feel pressure to speed read the contract either, most of the time if the person handing it to you is honest then they won’t mind you taking the time to read and understand the paperwork before you sign.