Atlanta GA Home Warranty
Atlanta GA Home Warranty – What To Look For
–> Home owner’s insurance is for the things that MIGHT happen, like fires, floods, burglary theft, or hail damage.
–> Home Warranties are for the things that WILL happen, such as broken refrigerators, faulty clothes washer or dryer, AC unit dying in the summer, Furnace not heating in the winter, and even smaller things like garage door openers and sump pumps!
What does a Atlanta GA home warranty cover?
Home warranty coverage will vary according to the type of plan you choose and whether your home is a new build or dozens of years old.
For new homes, a home warranty from your builder typically covers any big structural defects for as long as a decade. Heating and air conditioning, drywall, paint, appliances, plumbing, and electrical work may be covered anywhere from six months to two years.
For existing homes, warranties typically fall into a few categories:
- Appliance-based plans: These typically cover appliances including your range, oven, built-in microwave, dishwasher, washers, and dryers. Refrigerators may or may not be covered.
- Systems-based plans: These plans focus on heat, air-conditioning, plumbing, electric, and water heaters.
- Hybrid plans: As their name suggests, hybrid plans combine appliance and systems coverage, but are pricier because they are more comprehensive.
- Add-ons: Most home warranty companies give you the option to add on coverage for special items not covered under typical plans. Common add-ons include pools, wells, whirlpools, spas, and septic systems.
My husband and I had a new home built that we moved into a few years ago, and we benefited greatly from our home warranty. After living in the home for almost a year, we presented our builder with a list of issues to rectify before our warranty was up.
It included numerous drywall fixes, interior and exterior paint touch-ups, the repair of a wobbly toilet, and a costly valve replacement on our downstairs air-conditioning unit. The air-conditioning repair alone would have been several hundred dollars without the home warranty.
Home warranty terms: Reading the fine print
There’s always a chance your repair won’t be covered, which is a common complaint among home-warranty customers. Of course, you can help guard against this scenario by reading your policy contract extremely carefully. Here are a few things to look for:
- Coverage limits: You will select which appliances or systems you want covered, but you’ll still need to look very carefully at exclusions. For instance, your garbage disposal will be covered, but not for damage if something other than food is stuffed down it. Your clothes washer will be covered, but its leaky seal is not. Your refrigerator is covered, but only if it’s actually in your kitchen, and specifics like your ice maker may be excluded.
- Unexpected fixes only: An important point to keep in mind, especially for older homes, is that home warranties are typically intended to cover unexpected fixes. Many plans won’t cover routine service or problems that are the direct result of incomplete or improper maintenance.
- No pre-existing conditions: Your home warranty probably won’t cover any problem that exists at the time you purchase your policy. So if you’re hoping to fix your ancient, already-inoperable stove with home warranty coverage, you’ll be out of luck.
- Waiting period: There may be a period of 15 or 30 days before your coverage takes effect. This may be waived if you can prove you had previous home insurance with no lapse in coverage, and it probably won’t be the case if you’re buying a home that’s already covered.
- Service restrictions: If you hire a service provider on your own instead of going through your home warranty company, you probably won’t be reimbursed for that work.
How much does a home warranty in Atlanta GA cost?
The price of a home warranty depends on what type of property you need covered — for instance, whether you live in a condo or a single-family home — and whether you stick with a basic plan or buy an upgraded version.
Basic plans typically range from $450 to $600 a year, according to Angie’s List; souped-up plans can cost as much as $900 per year. On top of the cost of the plan, you will also have to pay a service fee or deductible of roughly $50 to $125 each time you need something fixed.
If you’re buying a newly built home, the cost of your home warranty may be rolled into the purchase price of your home. That was the case when I moved into my new home, and it turned out to be a nice perk.
You may also find that if you’re buying an existing home, the seller or real-estate agent may throw in a home warranty plan to sweeten the deal — if this isn’t already a part of the offer, see if you can get it thrown in.
How do I get something fixed under my home warranty?
The home warranty company will arrange repairs on your behalf after you pay any necessary service fees or deductibles. With rare exceptions, you do not get to choose a company to do the work — the home warranty company already has preferred vendors.
You should also understand that a home warranty company is obligated only to make sure covered items are in working order. They don’t have to replace your aging relic of a furnace, even if it’s long past its prime. Same with that funky avocado stove from the early ’80s: Don’t expect your home warranty company to swap it out for a brand-new stainless-steel model.
Do I Need a Atlanta GA Home Warranty?
For most home buyers, home warranties are about peace of mind. For some, that’s reason enough to fork over a few hundred bucks. But like any financial product, home warranties have significant pros and cons. Read on to decide whether a home warranty is right for you.
When to buy a home warranty
A home warranty can be a big help if you don’t have a ton of cash left in savings, a particularly common scenario for home buyers who just plunked down thousands for a down payment, closing costs, and other incidentals. With a home warranty, one big, unforeseen problem may only cost you a small service fee to fix as opposed to shelling out hundreds.
A reputable home warranty company can also eliminate frustration you may feel as you attempt to make repairs yourself or find someone else to do them. So, if you’re the type of person who likes to make one call and leave the rest up to the experts, a home warranty can ease some stress.
Finally, a home warranty can sweeten the pot for potential buyers if you’re selling your home. One recent study found that homes with a warranty sold an average of 11 days faster and for $2,300 more than those without a warranty. So if it’s still a buyer’s market in your area, spending a few hundred dollars on a home warranty that you can transfer to the new owners could help give potential buyers the push they need.
When to skip a home warranty
There’s a good chance you won’t need to request any repairs from your home warranty company, which means you’re out at least a few hundred dollars. And if you do need something fixed, you will still be paying a service fee or deductible on top of the initial price of your plan.
So if you don’t like the idea that you could potentially be paying for peace of mind — and that’s it — you’re probably best skipping the home warranty.
You may also not like the repair company your home warranty company sends to do the work, and you’ll have little control over the speed with which the repairs are done. So if you’re knowledgeable about home repairs, picky about who does them, or even handy yourself, a home warranty may cause more frustration than it’s worth.
In my case, it’s unlikely I would have purchased a home warranty had our builder not included one in our home’s purchase price. Though we did end up using the warranty for a costly fix, the chance of major breakdowns is low in a newer home. And as always, you can set aside money in your emergency fund (where it will earn interest, too) to cover unanticipated fixes.
To help homeowners determine if you need a home warranty for your appliance, we created the following table that lists high ticket items along with their average life expectancy, replacement costs, and repair costs. Of course, the costs are dependent on factors such as brand, type of repair, and location, but this will give you a good idea of where your appliances stand. All costs are national averages.
Life Expectancy (Years)
Average Replacement Cost
Average Repair Cost
|Central Air Conditioning||7-15||$5233||$318|
|Garage Door Opener (per door)||10 – 15||$318||$195|
Questions to Ask When Shopping for Your Home Warranty
Home warranty companies can be tricky to evaluate online. Reviews tend to trend suspiciously positive or frighteningly negative. For that reason, while I considered online reviews while making my picks, I gave them less weight than other factors. Here are all the criteria I considered when looking for the best home warranty in Atlanta GA:
- Number of coverage options: It’s standard for home warranty companies to offer two coverage levels: a basic plan that covers appliances, and an enhanced plan that covers systems such as heating and plumbing. If a company offers a third hybrid plan, I considered that a plus. A customizable plan that allows you to pick the appliances or systems you want covered was an even bigger perk. Finally, the best companies offered a number of specialized add-ons for features such as pools, wells, and septic systems.
- Customizable service fees or deductibles: Some companies allow you to customize the amount you pay when you request service. This also helps you control the cost of your plan — if you choose a higher service fee, your plan costs less overall.
- Around-the-clock claims departments: If your furnace goes cold at 2 a.m. on a frigid Saturday in January, you probably won’t want to wait until 9 a.m. on Monday to report it. The longer you have to wait to report a problem, the longer you’ll wait for a resolution.
- No exclusions on older homes and appliances: Buying an older home may be your primary motivator in purchasing a home warranty. The best home warranty companies don’t shun your business simply because there’s a greater chance you’ll make a claim.
- Ability to easily receive a quote and purchase plan online: The best home warranty companies make receiving a quote very easy. During my evaluations, it had to be clear where I needed to start the quote process. And given that home warranties don’t vary much from person to person, the less personal information I had to enter, the better.
- Solid reviews relative to the competition: Again, reviews are hard to evaluate for home warranty companies, so I based my evaluation on how they fared relative to competitors on particular sites such as Consumer Affairs, Home Warranty Reviews, and Yelp. A good rating with the Better Business Bureau was a bonus. Remember, the vast majority of negative reviews stem from customers who misunderstand their home warranty contract. Which leads me to my next consideration…
- Sample contracts that are easy to find and view: Before you purchase a home warranty, it’s essential to read the fine print. That means reading the entire contract before you fork over your money. Otherwise, you risk joining the legions of frustrated customers who thought they were getting something other than what their contract specified.
Hopefully, this detailed information will help you find the right home warranty for your Atlanta GA house. Please check out one of our partners and get a free quote!