Can Older Homes Get Home Warranty Coverage?

Can Older Homes Get Home Warranty Coverage?

Can older homes get home warranty coverage?

Yes, older, preowned homes can get home warranty coverage from 2-10 Home Buyers Warranty (2-10 HBW)! A common misunderstanding homeowners have is that a home warranty is only for brand-new homes. Fortunately, that’s not the case. In fact, coverage is especially important for homeowners whose houses, systems, and appliances are older. Today, we’ll look at why home warranty coverage is so valuable for owners of older homes, and some details about coverage.

What does a home warranty cover?

A home warranty is a service contract that covers routine breakdowns to your home’s major systems and appliances. Here are just a few items your home warranty from 2-10 HBW can cover:

  • HVAC system (air conditioner, furnace, etc.)
  • Electrical and plumbing system
  • Water heater
  • Refrigerator
  • Oven
  • Dishwasher

Home warranty coverage helps you reduce the out-of-pocket costs to fix routine breakdowns, which can be extremely expensive. For instance, did you know that it costs $1,250 to replace a refrigerator on average? When you aren’t planning to make such a large purchase, a sudden breakdown can be a big problem. But a home warranty from 2-10 HBW can protect you against these unexpected breakdowns and costs. The best part is that it doesn’t matter how old any of your covered systems are. As long as you have taken care of your systems and appliances and they are in working order prior to you purchasing coverage, age doesn’t matter!

Is a home warranty worth it for my older house?

Yes, a home warranty is a smart, worthwhile investment for your older home. The more you (and the previous owners of your house) use your systems and appliances, the more likely they are to break down. That’s even more relevant with more people working from home regularly. This can mean some pretty big, unexpected bills, along with the frustration of finding the right person to fix the issue. With a home warranty from 2-10 HBW, you have a plan to address the unexpected.

For example, say that your 15-year-old water heater suddenly breaks down, despite your best efforts at properly maintaining it. With a home warranty from 2-10 HBW that includes water heater coverage, you have a solution. You would file a claim with us, and we would find you a quality, independent, local Service Contractor. You’d set an appointment and pay a small Service Fee (typically $100 or less) to the Service Contractor, who would then work to address the issue. As long as your breakdown is covered under your contract and the result of routine wear and tear, your Service Contractor would repair or replace the item. We’d cover the costs, up to the clearly stated dollar limits.

Without a home warranty in this situation, you’d pay around $435* to repair your water heater, on average. Worse, you’d pay nearly $1,800* on average if you needed a replacement. And that doesn’t even scratch the surface! You’d also have to find the right person to try to fix the issue. You’d need to vet them and compare quotes. And you’d need to pay for nearly everything upfront and out of pocket.

A home warranty from 2-10 HBW take a lot of the pain out of the process, so you don’t have to break down over breakdowns.

Are there any exclusions or limits to coverage?

Yes, there are some limits and exclusions to coverage. However, when you work with 2-10 HBW, you don’t need to wonder what those limits and exclusions are. We clearly state dollar limits and exclusions in our service contracts. That helps you prepare and personalize your coverage better.

In addition to every warranty’s clearly stated limits and exclusions, here are a few of the most common exclusions regarding home warranty coverage.

  • It won’t cover breakdowns caused by neglect or abuse. To get the most out of your coverage, you must take care of your systems and appliances. If you don’t take care of them—or worse, purposely use them wrong—and they break down, coverage may not apply. Fortunately, proper maintenance isn’t too difficult. Check out some of the things you can do to keep your important systems and appliances running well.
  • It doesn’t cover breakdowns caused natural disasters, accidents, or the like. Say that your house experiences a flood that destroys your water heater. Your home warranty wouldn’t cover the damages to your water heater because it didn’t break down from routine wear and tear. In this case, you’d need to contact your homeowners insurance provider. This is a perfect example of why it’s so important to have both homeowners insurance and a home warranty!
  • It won’t cover systems and appliances that broke down prior to coverage. Your home’s systems and appliances must be in good working order prior to purchasing coverage. Otherwise, the system or appliance isn’t eligible for coverage.

How you can get industry-leading protection for your house

2-10 HBW makes it easy to get industry-leading protection for your house. All you need to do is request a free quote, give us a little information about the coverage you’re looking for, and purchase! From the annoying to the apocalyptic, 2-10 HBW can help you protect your home and your budget, letting you get back to living.

2-10 HBW offers the most comprehensive home warranty coverage for homeowners. Let us help you protect your home.

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*Based on estimated average retail cost of replacement and observed claims experiences of 2-10 HBW customers