Most people check coverage options, exclusions, and pricing when buying home warranties. All of those are important, but you shouldn’t stop there. Go over some things that people forget to look for in a Georgia home warranty. Then, you can check these things before buying a plan. By doing so, you’ll find a policy with the coverage you want and need.
1. Age Restrictions for Appliances and Systems
You should see if the warranty has age restrictions on appliances and systems before purchasing it. If it does, you won’t be able to file a claim on appliances or systems once they age out of coverage. Unfortunately, that’s when you’re most likely to have issues, so you’ll get more value out of a policy that doesn’t impose age limits. Then, you can continue making claims for your older systems and appliances.
Keep in mind that you will need to maintain your appliances and systems, no matter how old they are. For example, if your 15-year-old furnace breaks down, you’ll need to show that you’ve cared for it through the years. On the other hand, if you’ve never gotten the furnace serviced, your claim will likely be denied.
2. Pre-existing Condition Clauses
People often forget to review a policy’s guidelines regarding pre-existing conditions. First, it’s important to understand that you won’t be able to obtain coverage if you already know that an appliance or system is broken or damaged. For instance, if you know that your air conditioner isn’t blowing cold air, it’s too late to buy a warranty to fix it. You can still cover other appliances and systems, but the company won’t pay to fix your air conditioner. Thus, you’ll have to handle that yourself.
But what if your system was damaged, but you didn’t know it at the time you bought the warranty? If that happens, you can file a claim if you choose a company that covers previously undetected pre-existing conditions.
Plans differ, but most companies that cover undetected pre-existing conditions have criteria in place. Generally, companies only cover issues that couldn’t have been noticed by turning the item on and off and conducting a visual inspection. The company might also require that you submit an inspection report if you just purchased the home. The report must show that the inspector did not find anything wrong with the appliance or system in question.
Because some problems aren’t noticeable at first, it’s important to buy a policy with pre-existing conditions coverage. Then, you’ll truly have peace of mind once your policy is in place.
3. Claim Filing and Fulfillment
Finally, you should find out more about claim filing and fulfillment before buying a policy. First, let’s look at filing a claim. Most companies have a waiting period that must pass before you can file a claim. The period can be as little as 15 to 30 days or 60 days or longer. Unfortunately, some people don’t check the waiting period, only to get upset when they need to file a claim right after buying the warranty. Thus, it’s a good idea to check the waiting period before committing to a policy.
Additionally, you need to think about the filing process. Some companies only handle claims during normal business hours, while others give customers access to 24/7 claim filing options. If you’re the type of person that likes to submit a claim as soon as you notice something’s wrong, you’ll want access to 24/7 filing.
Next, you need to think about the claim fulfillment process. First, find out how quickly the company will send a technician to your home. You can also find out if it offers emergency services so you can get even faster replacements and repairs in certain situations. Finally, make sure the company uses licensed and insured technicians when handling claims.
Keep These Things in Mind When Buying a Warranty
If you keep these things in mind, you shouldn’t have any problem finding a good home warranty plan. Then, your stress will melt away as soon as you buy the policy. You’ll know you’re your covered appliances and home systems are protected, so you won’t have to worry about expensive repairs destroying your budget.
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