Buying a home is one of the biggest investments most people will make in their lifetime. With this in mind, it is essential to protect this investment with a home warranty insurance policy. A home warranty is a type of insurance that covers the cost of repairs or replacements for major systems and appliances in the home. In this article, we will discuss American Home Warranty Insurance and provide a buying guide to help you make an informed decision.
Table of Contents
What is American Home Warranty Insurance?
American Home Warranty Insurance is a company that provides home warranty insurance policies. The company was founded in 2009 and is headquartered in Georgia. American Home Warranty Insurance offers a range of plans that cover the cost of repairs or replacements for major systems and appliances in the home.
What does American Home Warranty Insurance cover?
American Home Warranty Insurance offers different plans that cover different systems and appliances in the home. Some of the items covered by the plans include:
- Electrical systems
- Plumbing systems
- Heating and cooling systems
- Appliances such as refrigerators, dishwashers, and ovens
How does American Home Warranty Insurance work?
When a homeowner purchases a home warranty insurance policy from American Home Warranty Insurance, they pay a monthly or annual premium. If a covered item in the home breaks down or malfunctions, the homeowner contacts American Home Warranty Insurance to file a claim. American Home Warranty Insurance will then send a qualified technician to assess the problem and provide a repair or replacement if necessary.
How much does American Home Warranty Insurance cost?
The cost of an American Home Warranty Insurance policy depends on several factors, including the level of coverage, the deductible, and the age and condition of the home. On average, a basic plan can cost between $300 and $500 per year, while a comprehensive plan can cost upwards of $1,000 per year.
How to choose the right American Home Warranty Insurance plan?
When choosing a home warranty insurance plan, it is important to consider the coverage provided and the cost of the plan. Homeowners should also research the reputation of the company and read customer reviews. American Home Warranty Insurance offers several plans, and homeowners should choose a plan that best fits their needs and budget.
Pros and Cons of American Home Warranty Insurance.
Pros:
- Comprehensive coverage for major systems and appliances in the home
- Affordable plans with a range of options
- Easy to file a claim
Cons:
- Some items may not be covered by the plan
- Limited coverage for pre-existing conditions
- May be subject to deductibles and service fees
How to file a claim with American Home Warranty Insurance?
To file a claim with American Home Warranty Insurance, homeowners should follow these steps:
- Contact American Home Warranty Insurance to report the problem.
- American Home Warranty Insurance will assign a qualified technician to assess the problem.
- The technician will provide a repair or replacement if necessary.
Conclusion
American Home Warranty Insurance is a reputable company that offers a range of home warranty insurance plans. These plans provide coverage for major systems and appliances in the home, which can save homeowners money on repairs and replacements. When choosing a plan, homeowners should consider the level of coverage, the cost, and the reputation of the company. Overall, American Home Warranty Insurance is a good option for homeowners looking to protect their investment.
FAQs
- What is the difference between a home warranty and home insurance?
- Home insurance covers damage to the home caused by events such as fire, theft, or natural disasters, while a home warranty covers the cost of repairs or replacements for major systems and appliances in the home.
- Are pre-existing conditions covered by American Home Warranty Insurance?
- Some plans may not cover pre-existing conditions, and it is important to read the terms and conditions of the policy before purchasing.
- Can I choose my own contractor for repairs?
- American Home Warranty Insurance assigns qualified technicians to assess and provide repairs or replacements.
- How long does it take for a technician to arrive?
- The time it takes for a technician to arrive depends on several factors, including the location and availability of technicians in the area.
- Can I cancel my policy with American Home Warranty Insurance?
- Yes, homeowners can cancel their policy with American Home Warranty Insurance at any time, but there may be fees or restrictions.