Home Warranty Cost – How To Make It Worth It

There’s no doubt that owning a home comes with a lot of responsibility and can be expensive, especially regarding repairs. That’s why many homeowners get a home warranty to save money on unexpected, costly repairs and maintenance expenses.

A home warranty is a service contract that can help you save money on repairs to major appliances due to normal wear-and-tear and major home systems such as your plumbing system, heating system, and electrical system. It can also save you the hassle of finding a reputable service provider.

But, like any service, homeowners must know how to get the most from their home warranty to make it worthwhile. That’s why we’ve put together this helpful guide on how to make the home warranty cost a no-brainer option for you.

The first thing you need to know is your home warranty’s annual or monthly cost to ensure you’re getting a return on your investment.

What Is The Cost Of A Home Warranty? 

Every home warranty provider has different plans and additional coverage options. For example, the cost of some plans will depend on the size of your home, whether it’s a new home or an older home, etc. So, it will be imperative that you do your research and choose the best type of plan for your home.

Here at Home Membership, we strive to provide home warranty plans at an affordable price. The monthly payments are low, but you can save a little extra money by paying the annual premium instead. Doing it that way will cost more at the beginning of each year, but you will pay less overall than you would if you paid monthly for twelve months. You can also rest easy knowing you have full coverage under one basic plan. The fine print has no “tiers” or other hidden costs. You get everything you need in one plan.

Additionally, you will want to factor in the deductible cost. Like your homeowner’s insurance policy, you must pay a deductible for each claim under your home warranty plan. Here at Home Membership, we have a very low deductible!

How To Use Your Home Warranty To Make It Worthwhile

Once you know how much your home warranty costs, it will be essential to take the steps we are about to outline so that you can ensure you are making it worth your while.

Here are six things you can do to get the most out of your home warranty service.

Tip #1 – Understand What Your Home Warranty Covers

Since every home warranty company offers a different type of coverage, it is a good idea to fully understand your home warranty coverage plan. Otherwise, you risk missing out on potential cost savings on unexpected repairs. 

It can be advantageous to print out your policy and note anything important so that you can easily find it should you ever need to find the information again. 

After going through the policy, ask your advisor any questions you might have. It will be easier to ask these questions now rather than when you’re dealing with something that has broken in your home.

Tip #2 – Make Sure Everyone Knows Who To Call When Something Goes Wrong

You aren’t likely home every minute of every day. That’s why everyone in the house must know who to call if something should go wrong. Otherwise, you risk someone in the family contacting a contractor, not on the approved list of vendors.

When you sign up for Home Membership’s Home Warranty, you will receive a list of the approved contractors in your area. You can share this list with the family, so they know who to contact when something goes wrong.

In addition to knowing who to call when something goes wrong, you must also understand what is covered and what isn’t under your Home Warranty policy. 

Tip #3 – Have A List Of The Included Benefits Somewhere Handy 

Home warranties will differ in the benefits and coverage under each plan. So, to help your family, make sure you have a handy list somewhere in your home that lists everything covered.

Suppose you have a warranty with Home Membership. In that case, you can print out our handy brochure, which details the coverage for your appliances, plumbing, and electrical, as well as any other important information you need to make a claim. 

Tip #4 – Take A Moment To Check Your Home Warranty Policy When Something Breaks 

Homeowners tend to go straight into problem-solving mode when something goes wrong to fix it as quickly as possible. Unfortunately, you risk leaving money on the table by doing this, as it is easy to forget your home warranty coverage in the heat of the moment. 

Of course, you will want to prevent further damage to your home. That is understandable. But once you have removed the immediate risk of further damage, take a moment and think back to your home warranty. If you can get the repairs done through your home warranty, there is the potential to save a lot of money.

Tip #5 – Take Advantage Of Additional Benefits

Some home warranty plans include deals and promotions in addition to repairs. So, please take advantage of these deals when they present themselves, as they can save you a lot of money.

For example, here at Home Membership, our partners will frequently offer discounts on repair services to members covered by our Home Warranty policy. This can save you hundreds of dollars yearly on services to keep your home in good shape and working order.

Making the most out of your Home Warranty cost is essential in ensuring you get the most bang for your buck.

Tip #6 – Know Your Coverage Limits

Your home warranty contract will have coverage limits that you must consider. For example, there will be limits on how much you can claim to have your air conditioning or HVAC system repaired. Knowing your coverage limits can help you avoid unexpected costs and get the most out of your home warranty policy.

How To Get A Home Warranty 

If getting a home warranty sounds like something you want, you might wonder what the next steps are. How you do this will depend on the Home Warranty Provider you choose. 

Here at Home Membership, we have made it very easy for you! You can either:

• – order online 24/7
• – order by phone, Mon – Fri 9 AM – 5 PM
• – mail order application

Are Home Warranty Plans Worth It?

Once you have a home warranty service, it can save you from costly or unexpected repairs. It will also give you some much-needed peace of mind. 

But, as we mentioned above, you need to know your policy fully and use it to ensure you get the most out of your Home Warranty plan. That includes taking advantage of discounts, deals, and promotions whenever needed.

If you follow these tips, a home warranty plan is worth the cost!

Download our free brochure to learn more about a home warranty plan with Home Membership!