The cost of home repairs can add up quickly, not to mention the time you spend looking for contractors, which is why it’s smart to obtain a home warranty in Tennessee. Instead of paying out of pocket for your home repairs, your warranty provider hires the contractor and covers the cost. You just call the warranty provider when any part of your home that’s covered in the warranty isn’t working correctly.
A home warranty has an annual fee, often a few hundred dollars, and some warranty providers let you spread that out in multiple payments. There is also a minor deductible with repairs, with the standard amount being around $100.
Home Insurance and Home Warranty in Tennessee
However, some people confuse the home warranty policy with the home insurance policy. Don’t mistake a homeowner’s insurance policy for a home warranty, as the two have different types of coverage. Ideally, you want both to give your home complete protection from whatever life throws at it. Homeowner’s insurance protects your home from accidents, some natural disasters, and theft, covering the damages you incur from any of those events. A home warranty in Tennessee protects you from components in your home breaking down. Each of them is a valuable investment that can help you avoid substantial costs in the future.
Every home has a large number of components that can fail, and it can happen even with newer equipment. When something does break, repair bills aren’t cheap, often costing hundreds or thousands of dollars. That means that your home warranty may pay for itself in just a single repair. Another aspect to consider is the time and commitment involved with setting up home repairs. It could take hours for you to read contractor reviews, call a couple, and get price quotes. Then, you have to stay on top of the contractor throughout the repair process and ensure that they don’t overcharge you. With a home warranty, you don’t have to do any of that. You just make the call to your warranty provider, and they deal with the rest of the repair process from start to finish.
Recommended Read: Home Warranty in Alabama
Getting a home warranty in Tennessee is one of the best decisions you can make to cover potential repairs and give yourself peace of mind. Paying a few hundred dollars per year is much easier than building up an emergency fund big enough for any possible repair costs.
Have you obtained a home warranty? Give us your thoughts and feedback in the comments.