When you move into a new home, wouldn't it be great to have assurance that everything will be right? Even though you have had your home inspected, appliances and systems can surprise you with sudden outages. Home warranties can be very beneficial to buyers who are looking at purchasing a pre-owned home in Key West.
A warranty protects you as the buyer by paying for covered repairs or replacement of major appliances and systems in the home if they should break during the time frame covered of the policy. Even sellers can benefit from a home warranty by purchasing a policy to cover the home during the listing period. The coverage can then be transferred to the buyer when the house is sold. Even if the seller does not have a policy in place, the buyer can purchase a policy of their own or negotiate it as part of their contract.
Most of the home warranties cover the home for one year from purchase. They average in price from $250-$500 depending on the coverage you chose. There are many home warranty companies in Florida so you can compare rates and coverage to find the plan that works best for you.
You can be covered for such things as major appliances, heating and air, plumbing, and hot water heaters so that if there is a problem within the 1st year, you simply call the insurance company and they will send a repairman to fix the problem. There is usually a service charge outlined in the policy that can range from $45 -$75. If a covered problem cannot be repaired, the appliance will most likely be replaced! Just like any insurance policy, it is fine if you don't need to use it, but a life saver if you do!
A home warranty can help save some of the expense and frustration in dealing with these unexpected repairs. If you have more questions about home warranties or about Key West properties for sale, call Margarita Villoch, your local real estate resource! If you are ready to live the island life, come on down to the southernmost point of the USA!
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