After moving into your dream Beacon Hill condo, the last thing you want to experience is something breaking down. That’s why many Boston condo owners purchase a home warranty at closing. A home warranty is a service contract that covers repair and replacement costs of certain household appliances and systems no longer under the original manufacturer’s warranty.. Consumer Affairs.com created a guide to home warranties for downtown Boston real estate. Here are their answers to common questions about this important topic:
WHAT DOES A HOME WARRANTY COVER?
Home warranties for Boston Beacon Hill condos include appliances and systems that break down from aging and wear and tear. Home warranty companies usually offer two or more tiers of plans. You can also customize coverage based on your needs and budget. Commonly covered appliances, Oven, range, stove, air conditioning, refrigerator, heating. dishwasher, electrical built-in microwave, plumbing, washer & dryer, water heater, garbage disposal, and central vacuum
HOW DOES A HOME WARRANTY WORK?
Most Beacon Hill home warranty plans work similarly. When a covered item breaks down, you can request service online or over the phone. You pay a trade service call fee, which is like a deductible, for each claim (usually between $50 and $125), and the company sends a local contractor to your home. As long as the problem is covered, the home warranty company pays for repair or replacement.
HOW MUCH DOES A HOME WARRANTY COST?
A home warranty for a Beacon Hill condo costs anywhere from $200 to $900, depending on the level of coverage and the amount of the service call fee. You can choose to pay monthly or annually. A contract typically lasts one year and is renewable.
WHAT ELSE SHOULD I KNOW ABOUT A HOME WARRANTY?
Always read a home warranty contract carefully to learn what’s covered and what’s excluded or limited. Home warranties are generally transferable to new homeowners and cancel anytime.
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