Home Buyers Guide from Tammy Mitchell Hines & Co. Workbook for Home Buyers | Page 27
After Finding Your Home:
Home Warranty Insurance
I
f the seller does not provide a home warranty
policy, the buyer may purchase one at the time
the contract is accepted. Tammy Mitchell
Hines & Co Team can facilitate your purchase
of a home warranty.
Why a warranty is so important to your peace of mind:
If you’re buying a home, your expenses only begin
at closing. Most people have lots of renovations to
make, furniture to buy, and so on. So the last thing
you want to do is spend additional money for repairs
due to unexpected mechanical failures within your
new home.
Toll-free, 24-hour claim service:
What could be easier when something goes wrong
than making a single, toll-free phone call? Well,
when your home is protected by a warranty that’s
how easy it is—24 hours a day, seven days a week.
As soon as the company receives your call, the claim
is entered into their state-of-the-art computer system.
They’ll notify a contractor in your area who will
contact you for an appointment. When the contractor
arrives at your home, he will verify the claim,
prepare a repair or replacement estimate, and call
their Claims Department. He is then authorized to
complete the necessary repairs or replacement on
covered items.
Benefits when you’re a buyer:
Your home is one of the biggest investments of your
life. Why take chances? You can be covered against
the expenses of unexpected repair or replacement for
a full year after closing, less the standard
deductible. Think about it, no matter how closely
you inspect a home before you buy, you just can’t
predict certain things. There could be breakdowns
from normal wear and tear, and there’s always the
possibility of mechanical failure during the first year
of ownership. Things like internal plumbing,
electrical wiring, or vital parts of the air conditioning
and heating systems can give out unexpectedly.
Even working components like the washer, dryer,
oven, refrigerator, and other items sometimes fail.
Each warranty has some limitation, carefully read
your policy. Pre-existing conditions may be a factor.
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