How Can Mommas Benefit from Home Warranty Products?

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How Can Mommas Benefit from Home Warranty Products?

As a mom, you have enough things to worry about without concerning yourself with appliances and systems that go on the blink. For starters, raising kids and maintaining a cohesive family unit is no mean feat. Then, of course, there are ‘peripheral’ issues like building a career, education, and self-actualization that come into play. As you know, real moms have their hands full at all times. One of the most important things to have in your family is your own home. For starters, paying rent is a dead-end option. It is not an investment; it doesn’t yield dividends. And it simply drains money from your family’s resources at an ever-increasing rate every year.

It behooves you to consider homeownership as a priority for many reasons. Besides for owning your own real estate, you also get peace of mind knowing that you are not beholden to a landlord and increasing rentals every year. Homeownership also allows you to customize your property, be it a town home, condominium, single-family home etc. to personal preferences. Property insurance protects your home against natural disasters like flooding, hail damage, electrical faults, structural damage etc. But home warranty coverage protects many of the inner components of your home such as systems and appliances, your swimming pool, garage motor, refrigerator, washing machine, dryer etc. These are expensive items that can cost a small fortune to repair or replace when they go on the blink. Now, your decision to purchase home warranty coverage depends upon several factors. These include the following:

  • The age and quality of your appliances and systems – it has been estimated that for every $100 spent on an appliance or system, you can expect 1 year of usage from it. As these appliances and systems get older, their lifespans decrease, and you will want to replace them. The cost of your home warranty plan should be evaluated against the remaining lifespan of these appliances. If you have purchased brand-new appliances, they are likely under the manufacturer’s warranty. This should provide the necessary guarantees against non-functionality. However, not all things are covered by a manufacturer’s warranty.
  • Can you repair mechanical or electrical faults on your appliances? This is an interesting point, since most folks don’t have the necessary skills to repair their appliances, even if there are minor faults with them. If you’re able to do this, you may not need home warranty coverage. Typically, most people require the services of a contractor to perform routine maintenance work or repair work on faulty appliances and systems.
  • Is the home warranty affordable? Fortunately, most home warranty plans are affordable since the price ranges from $300-$500 + on average per year. Of course, if you opt for additional home warranty coverage you can expect to pay more. The cost of a home warranty plan needs to be taken into account in addition to the cost of a call out when a technician comes to your house. A flat rate fee is levied for these callouts and can range from $100-$150 depending on the home warranty provider.
  • The cost benefits of a home warranty more than pay for themselves when they are used. Think about this for second; many traditional retailers like Walmart, Best Buy, Target, Home Depot and others will sell protection coverage on items that they offer you in store. Your decision to accept this additional coverage is based on your thoughts regarding usage of the product and the likelihood that it will break. Truth be told, anything that has mechanical/moving parts and electrical parts are subject to wear and tear. As such, coverage provides an alternative to repurchasing the same product or a better product. And so it is with home warranty plans. They offer you peace of mind so that you don’t need to go out and spend hundreds, perhaps thousands of dollars on replacing your current equipment.
  • Assume the worst and hope for the best. Everything is 20/20 in hindsight. Unfortunately, when we buy a home, we don’t think that the inner contents of the home – the systems and appliances – are going to break, or stop functioning. But when they do, will you have the cash available to replace or repair that stuff? As a new family, you invariably don’t have buckets and buckets of cash laying around. You will want to pour all of your resources into raising your family, not spending money on expensive appliances when you could’ve avoided that with an affordable home warranty plan.

Recently, a mom named Sarah recounted her experiences with her incredible home warranty experience description. If you have any doubts about purchasing a home warranty plan, we strongly advise that you read her story to be better informed about the pros and cons of home warranty plans, and what you should expect as a homeowner. It’s an incredible story and it provides unique insights into this issue.

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