Home warranties are growing in popularity in Nevada because they protect homeowners against the cost of repairs to appliances, heating and cooling systems, plumbing, electrical wiring, and more. But not all home warranty policies are the same. Some cover everything under your roof while others protect just a few things. So before you buy one or renew an existing policy, read this article to learn about the ins and outs of home warranties so that you can make an informed decision.
Types of Warranties
There are two major types of home warranties: manufacturer and extended. Manufacturer warranties are the regular ones you get when you buy a new utensil or machine or house and they cover maintenance and repairs for the first year. On the other hand, extended ones cover major systems for longer periods, often up to five years, but they are more expensive to get, so homeowners usually get them when they resell their homes.
A lot of homeowners choose the basic manufacturer warranty for houses because it covers the most common incidents, such as broken faucets or heating systems. You might think that there aren’t many home warranty options in Nevada, but the truth is that there are several providers that offer comprehensive plans that can protect homeowners from the most common incidents. Some plans cover specific things, such as heating or plumbing.
In addition, home warranties cover only appliances and systems you usually don’t think about when getting one. For example, they cover security systems, pool heaters, and even garage door openers. In other words, they give you a lot more coverage than you may realize.
What’s in the Typical Plan?
Typically, home warranties cover appliances and systems that are important for your well-being every day. These include heating, ventilation, air conditioning (HVAC) units; water heaters; plumbing; dishwashers; garbage disposals; dryers; stoves/ovens; microwaves; washers and dryers; and fireplaces/wood-burning stoves.
However, they usually don’t cover systems that you use occasionally or not too often, such as swimming pools, hot tubs, water treatment devices (e.g., water softeners), sprinkler systems, security systems, garage door openers, or interior cables for televisions.
What Is Not Covered?
A wide range of other things is not covered by home warranties as well. For example, wear and tear aren’t covered because the warranty only covers malfunctions. The same goes for changes to appliances due to external factors, such as lack of maintenance. Furthermore, they don’t cover illegal acts, neglect, intentional damage, water damage not related to the appliances, or accidents.
When You Get a Plan
Home warranties don’t cover everything, so you need to know what they do and don’t include before buying one. If you buy an extended warranty when you resell your home, remember that you need to disclose its existence in the home selling process. Typically, you’ll be able to get back some of your money if you want to switch providers because there may be other companies nearby that offer better plans with more protections.
Before you buy home warranty coverage in Nevada, you must know what’s covered and what isn’t, so if you’re getting a warranty for an apartment or condo, check out what kind of coverage each provider offers before buying.