A common question homeowners ask is, “Why would I ever need a home warranty?” Sometimes, this question arises from a misunderstanding about what homeowners insurance covers. It’s fairly common for people to think that their homeowners insurance covers major systems and appliances, but that’s not the case.
Even if you understand the difference between a home warranty and homeowners insurance, you may still question the need for a home warranty. Many people think, “Well, if something breaks down, I’ve already got a manufacturer’s warranty. And besides, all of this stuff is still pretty new.”
Today, we’ll explain some of the common misconceptions homeowners have about home warranties and how those misconceptions can harm you. We’ll also show you how 2-10 Home Buyers Warranty (2-10 HBW) can protect you against that harm and what you stand to gain from a home warranty with 2-10 HBW.
Misconception 1: I’m already covered by a warranty
Major systems and appliances tend to come with manufacturer’s warranties. These warranties tend to vary by length, but many of them cap at 1 or 2 years. And it always seems like something breaks down just after the warranty expires.
What happens when a major system or appliance you own breaks down outside of the manufacturer’s warranty? Consider your oven. You likely use it almost every day. Eventually, routine use will cause it to break down, even if you use it properly every single time.
If your oven breaks down outside its manufacturer’s warranty, it could cost you as much as $851 to repair and up to $3,000 to replace, plus the time it will take you to research, vet and schedule appointments with professionals to help you. And since major appliances rarely break on a schedule, you may not have a plan to address this problem simply and economically.
That’s where 2-10 HBW can help. Our systems and appliances home warranty protects you against common yet unexpected breakdowns of major systems and appliances. Under the right coverage for you, if a covered system or appliance breaks down outside the manufacturer’s warranty, 2-10 HBW acts.
After you file a claim, we send only the highest-quality, approved service professionals to assess and address your issue. If it’s repairable, they repair it. If it’s beyond repair, we’ll replace it with something similar. No muss, no fuss, just a solution to a problem you didn’t create. You protect your budget, preserve your time and prevent the panic that comes with a major breakdown outside a manufacturer’s warranty. And with 2-10 HBW, you never need to wonder when your warranty expires because you can renew it every year based on your wants and needs.
Misconception 2: My stuff is new, so I don’t need coverage
Given how much you’ll spend for new systems and appliances, it’s easy to assume that they’ll run well until they reach the end of their life span. Unfortunately, that’s not always the case. In fact, 1 in 5 brand-new appliances will break down in the first 4 years of ownership.
So, say you buy a new fridge, stove, washer, dryer and dishwasher on the same day. Within the first 4 years that you own those items, at least 1 of them is likely to break down.
But most people don’t buy all of their new appliances on the same day, which can make gauging their status even more challenging. And if more than 1 thing breaks down in a year, you’re likely on the hook for hundreds, thousands or even tens of thousands of dollars in repair or replacement costs.
That is, unless you have a systems and appliances home warranty through 2-10 HBW. Our warranties cover old and new appliances. They protect you from the expensive and inconvenient repairs/replacements you’ll face when a major system or appliance inevitably breaks down due to wear and tear.
Misconception 3: This won’t happen to me, and if it does, I can afford it
Just like most people think they’re above average drivers, most people incorrectly think that a major system or appliance breakdown won’t happen to them. Nearly 7 of 10 homes will face a system or appliance failure in any given year. So, it’s much more likely that something will break down than nothing at all breaking down.
Fortunately, 2-10 HBW addresses this reality. We cover over 6 million homes, provide the most comprehensive protection to reduce risks and make protecting the home simple and economical.
Though most people would have a difficult time affording a sudden and unexpected system or appliance failure, some people can afford it. Why would they need a 2-10 HBW home warranty?
The answer is time. Finding the best and most cost-effective professional for the job requires research. Then you need to schedule appointments, which can be time consuming when you want to work with the best professionals or dangerous if a critical system—like your heat—fails. And if the system or appliance breaks again after the repair, you have to start all over again.
At 2-10 HBW, we work with an extensive network of fully vetted, authorized, insured and independent service contractors who can provide quick help. No need for you to guess, test and revise to get your house in order again.
The unexpected is expensive. When something goes wrong with your home, it’s likely to cost you more money and time than you have. A home warranty through 2-10 HBW solves those problems, making protecting your home simple and economical.
2-10 HBW offers the most comprehensive home warranty coverage for homeowners. Let us help you protect your home.