How to Purchase a Home Warranty

Learn what you need in the way of a home warranty. Home Warranty Reviews suggests you use a third-party not affiliated with the home warranty to audit your home for problems with your appliances. Such a person can tell you, without bias, which of your appliances is likely to need replacing during the term of the policy.

Find companies to consider by talking to friends and family. Contact people who deal with home warranties regularly, such as real estate brokers and home repair specialists. Make a list of companies to consider.

Research the companies on your list. Contact the Better Business Bureau to look for complaints. Read Internet reviews to learn more about the specific home warranty companies and policies. A website called ripoffreport.com is available to help people discuss problems they have had with home warranty companies.

Narrow the search to three or four companies. Request copies of their contracts so you can go over what is covered and what is not. MSN Money explains that home warranties often come with loopholes. Check if the company has exempted itself from covering certain appliances or pre-existing problems. Also make sure the company does not demand that you do major repairs before your home is covered.

Compare policy prices and fees. Compare trade service call fees, which are the fees that you have to pay when a repair technician comes to your home to fix something. Compare the different plans each company offers and notice what home systems and appliances are covered for each price.

Choose the company and the policy that is the best fit for your home and your budget. Contact that company and notify them that you want to purchase the policy. Fill out the paperwork they send, being careful to completely address all the questions. Pay attention to the way the company treats you. If company representatives are unprofessional, they may be unpleasant and uncooperative when you need their services.

Purchase the policy you have chosen if you are convinced you need a home warranty.