What You Should Know About Home Warranties for Older Homes

There’s a certain charm and character that comes with older homes—from the unique architecture to the history that lies within the walls, it’s no wonder that many people are drawn to these properties. However, with age comes the potential for more home repairs and issues that may not be covered by a standard homeowner’s insurance policy—that’s where a home warranty comes into play!

Why is a Home Warranty Important for Older Homes?

Older homes are more likely to encounter issues with their systems and appliances due to their age. Repairing or replacing these can be quite expensive, especially if you’re dealing with outdated parts or systems that are no longer as efficient as their modern counterparts. 

A home warranty can provide something truly worth its price: peace of mind and financial protection when unexpected issues arise. Here are some reasons why a home warranty is essential for older homes:

1. Coverage for Outdated Systems and Appliances: Older homes may have systems and appliances that have aged beyond the standard codes or have been discontinued. A home warranty can cover the cost of repairing or replacing these items, helping you maintain your home’s charm without breaking the bank.

2. Cost Savings: The cost of repairing or replacing an older home’s systems and appliances can quickly add up. With a home warranty, you pay an annual premium and a service call fee for each repair or replacement, which can be significantly less than the cost of handling these issues out of pocket.

3. Convenience: When a covered system or appliance breaks down, all you have to do is call your favorite service provider to do the repair. You pay the bill and then you will get reimbursed for the service call based on the coverages in the brochure minus the small deductible.

4. Increased Home Value: Having a home warranty in place can make your older home more appealing to potential buyers, as it provides them with the assurance that they won’t be immediately hit with costly repairs.

What to Look for in a Home Warranty for Older Homes

Not all home warranties offer equal amounts and types of coverage, so it’s essential to find one that specifically caters to the needs of an older home. Here are some factors to consider when choosing a home warranty for your older property:

• Comprehensive Coverage: Look for a home warranty that offers comprehensive coverage for the systems and appliances found in older homes. This may include coverage for plumbing, electrical, heating, and cooling systems, as well as major appliances like refrigerators, ovens, and washers/dryers.

• Age Limitations: Some home warranty providers may have age limitations on the systems and appliances they cover. Make sure to choose a warranty that will cover your home’s older systems and appliances.

• Service Call Fee: Each time you need to make a claim on your home warranty, you’ll be required to pay a service call fee. These fees can vary between providers, so be sure to compare costs before making your decision.

• Reputation: Research the company’s reputation and customer satisfaction ratings to ensure you’re choosing a reliable provider.

The Bottom Line

Don’t let the age of your home deter you from enjoying its beauty and character; instead, invest in a home warranty to ensure that you can continue to cherish your home for years to come.

Are you looking for the best home warranty companies in Tennessee or anywhere else in the United States? HomeMembership is a unique home warranty company that offers an affordable and reliable home warranty plan.

Instead of having to rely on a single service provider, you can choose from a variety of professionals in your area. This allows you to get the best service possible—and all repairs and services are covered, up to the limits in the HomeMembership brochure.