Do You Need a Home Warranty?

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Many home owners struggle with the decision of purchasing a home warranty plan. You’re probably already paying a mortgage, and likely utilities too. So it’s understandable if adding another monthly payment is unappealing. But investing in the safety of your home with a home warranty could make a huge difference in your family’s financial security and peace of mind.

Consider your appliances
When considering a home warranty, it’s important to first think about your systems and appliances. How long has your washing machine been washing and your air conditioner cooling? You may be surprised that decades of use aren’t necessarily required before a breakdown occurs. According to the Huffington Post, 25 percent of front-loading washing machines and 20 percent of dishwashers break within three to four years.

While home insurance will typically cover appliances in the case of theft, fire or other disasters, they will not cover problems caused by normal wear from use over time. If your appliances are several years old or get a lot of use, a warranty could be a critical investment.

Consider your finances
While new appliances are less likely to break down or have problems, you can’t predict just when you’ll run into problems. So whether your home and systems are old or new, it’s important to consider your finances. While a monthly fee may be unappealing, did you know that the San Francisco Chronicle reported that in 2013 the cost of a new gas furnace was anywhere from $1,700 to $12,500? Or that Consumer Reports magazine reported in 2010 that tests showed that top-loading washing machines that cost less than $500 don’t wash well? That means you’ll be looking at a bill of more than $500 to replace your model if it breaks. If you’re at a financial position where you can’t afford that kind of lump sum payment, you might want to give a warranty some serious thought. Chicago Now reported that if one of these major repairs would break the bank, you should probably consider purchasing a home warranty.

Consider HMS
When it comes to home warranties, you want to work with a company that you can trust. With a plan from HMS, you’ll know up front just what your warranty does and does not cover. They can help you choose an affordable plan that will protect your family and your home from problems and failures with your major systems and appliances.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

Home Warranty 101: Heating Season

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A home is an expensive purchase, and the need to spend extra on a heating system repair as temperatures drop can come as unwelcome news.

As a home buyer adjusts to life in a new house, unexpected repair costs can be a significant financial blow, which is why a home warranty helps to protect a household budget. A home warranty will insulate homeowners from having to cover the cost of appliances or systems that have broken down due to usual wear and tear. Home sellers may also purchase a warranty for protection while their homes are on the market. The policy will serve to make the home a better buy for people in search of a new house.

As winter nears, one especially important item covered by a home warranty is the heating system. An HMS warranty, for example, covers the mechanical parts and components of a hot water or steam heating system. Additionally, it covers those pieces of a centrally ducted forced air gas, electric or oil heating system or even electric baseboard units if that is the primary source of heat in the home.

Some specific components covered include:

  • Accessible ductwork from the unit to the register or grill attachment.
  • Igniter and pilot assemblies.
  • Blower fan motors and fan blades.
  • Internal system controls, wiring, relays, motors and switches.
  • Heat exchangers.
  • Heating elements.
  • Burners and controls.

Additionally, HMS offers a Premier Upgrade Package (not available for Seller warranties). This option covers additional components not normally included in a home warranty. Components covered under the PUP option include:

  • Disposal of equipment.
  • Electrical modifications.
  • Permits.
  • Code upgrades.

Depending on the package selected, an extra $500 or $1,000 will be put toward typically excluded non-covered charges resulting from the repair or replacement of a covered item, such as a home’s heating system.

Not only do home warranties protect a homeowner’s budget, but it also opens the door to a large network of pre-screened and licensed service technicians to diagnose, repair or replace the heating system. As a result, homeowners can rest easy knowing they are covered this winter.

Brought to you by our preferred Partner, HMS Home Warranty. HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com.