Should I Buy A Home Warranty When I Purchase A Home?
Last Friday, I posted an article defining a home warranty. This week I will answer the question, “Should I buy a home warranty when I purchase my home?” If you asked 10 buyers or real estate agents I’m sure the answer to the question would be split.
When you purchase a home you are spending hundreds of thousands of dollars, if not millions. The cost is relatively cheap, somewhere between $250-$550 depending on the coverage and if it has a pool or spa.
I suggest you purchase the warranty for two reasons. One, you will have piece of mind. Two, even if you use it once, you will probably get your money’s worth. Don’t try to save a minimal amount when you are purchasing the most expensive investment of your life.
What is a home warranty? What is usually covered?
A home warranty is a home insurance protection plan that covers certain items for one year depending on what policy you order.
Most of the companies cover normal wear and tear items during the term of the contract. These items usually include, but are not limited to: Plumbing leaks/breaks in the water waste, vent, or gas lines within the perimeter of the main foundation of the home or garage. Some home warranties cover the water heater. The heating system is covered if it is the main source of heat. Also usually covered are the stove, range, built-in microwave, dishwashers, garbage disposals, etc.
They don’t cover items that have been abused, misused, or if they are missing parts. They also don’t cover pre-existing problems.
You can also upgrade your policy to include washer and dryers, refrigerators, air conditioners, limited roof repairs, pools and spas.
Post Specific Disclaimer: All home warranty policies are different. Please make sure you and/or your realtor have read over the warranty terms in their entirety before purchasing a home warranty. I, nor Team Tapper, hold any responsibility for the information provided in this article.
Broadway Prime on Broadway Avenue!
When many San Francisco Bay Area residents think of prime rib, many think of the House of Prime Rib in San Francisco on Van Ness Avenue.
However, for us Peninsula residents we have an alternative. Hong, the owner of Broadway Prime brings the same style to the Peninsula.
Last night, I had another amazing meal at Broadway Prime in Burlingame. I have been going to Broadway Prime since its opening in 2000. Every holiday season, some friends and I have dinner at this excellent restaurant.
