WHAT IS A HOME WARRANTY?
You may be asking yourself — what exactly is a home warranty? It’s peace of mind. A home warranty is an service agreement that covers the repair or replacement of the appliances and systems used every day in a home. It helps with the cost and hassle when your home systems and appliances break down from normal wear and tear.
First Premier has a plans that with any budget and home in Alabama. You also have the freedom to customize your coverage. Our home warranty for your home in Alabama has your covered. From Birmingham to the Gulf Shores and every city in between, you can go about your life knowing you have a home warranty protecting your home systems and appliances, regardless of the age, make or model of the item.
Household breakdowns are hard. When you have First Premier, getting the help you need is easy.
We, at First Premier, have been involved in the Appliance/Hvac industry for over 30 years. We have seen FIRST HAND how the quality of appliances manufactured over the years are simply not “built to last”. For various reasons, appliances simply do not endure years of reliable performance as years past. Gone are the days of the “bored” appliance repairman, who because of no appliance repair jobs, has nothing to do.
The Hvac/Appliance repair industry has seen a huge spike in repairs over the years, and strong indications are the demand for home repairs will continue to rise in the coming years. Furthermore, studies have shown that most homeowners in the United States would not be able to afford and pay for home repairs over $1000. With these known facts, Home Warranties are more important than ever, and we aim to be the only Home Warranty company you’ll ever need.
Our team understands how hard you worked to own your property, which is why we aim to keep it in the best condition. Through our home warranty plans, you no longer have to worry about spending too much time and money on repairs and replacements because we offer coverage for your appliances and home systems at affordable prices.
A home warranty is a service contract between a homeowner and a home warranty company. The contract covers repair and replacement costs on major home systems and appliances in the event of breakdowns associated with normal wear and tear.
A HOME INSURANCE POLICY is designed to cover accidental damage to your property and possessions, as a result of theft, fire, natural disasters, etc. The four main areas of coverage are interior, exterior, personal property, and general liability, but homeowners insurance does not cover issues related to natural wear and tear. That means that if one of your essential home systems or appliances simply stops working, then your policy probably isn’t going to cover it.
Unlike homeowners insurance, a home warranty is not mandatory when purchasing a home. The main purpose of a home warranty is to offer coverage for the items that homeowners insurance overlooks — key items, appliances, and home systems that inevitably end up needing to be repaired or replaced over time. This is not limited to new items; which items or systems are covered depends upon the specific warranty plan.
If your home’s appliances or systems break, you may end up paying top dollar to repair them or replace them. An HVAC costs several hundred dollars to repair (if you’re lucky), and several thousands if you need to replace it. A sudden, unexpected, expense which may cause a serious dent in your budget.
A home warranty is supposed to address such situations. For an annual premium of $500 on average, in additional to deductible cost per service, you get free repairs, and item replacements – if necessary – up to a certain dollar figure limit.
The main reason people get a home warranty is that they hope it will help them cover the cost of home maintenance. Whether appliances or pools, what everyone is essentially looking for is whether their home warranty of choice covers what they need at a adequate price. However, not many people realize how much it costs to maintain their house now, and how much it will cost them to do so in the future, as compared to the cost of a home warranty and its benefits.
Home warranties are in essence a service contract which provides a commitment to repair certain appliances and systems if they malfunction. In exchange for that commitment, you are paying a set amount of money every year (named “premium”). Additional cost to the annual premium would be a service-fee for each time you call in a repair person. The Homeowner’s budget will be far more stable without unexpected expenses. Unexpected cost of repairs can add up very quickly and replacing an expensive home system can have a significant impact on your monthly budget.
One specific scenario in which home warranties are almost always worth it is when you are selling a house (for yourself or for someone). Home buyers tend to appreciate homes that come with a home warranty. It’s a nice freebie and it makes them feel like it can potentially mitigate their expenses coming to a new home. The SCIC even published that homes that come with a home warranty sell faster on the market. Considering the average cost of approximately $500 for a home warranty plan for a year ahead, it sure does sound like a worthwhile deal.
You can take your warranty to your new home, or cancel your warranty plan.