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A Glance at the Statistics: What Are 5 of the Most Common Home Warranty Repairs?

Speaking for myself, we should have invested in a Home Warranty on the house purchased 15 years ago. Everything looked good until the water softener needed replacement five months later. Then, the HVAC system failed in the seventh month. And, a year later, the roof leaked.

We were buying the house from another state and trusted the home inspector to make suggestions. And, we found out later we discovered we could have required the seller to purchase the home warranty and present it at settlement.

Warranty Repairs

The five most frequent home warranty repairs:

Forbes agrees, "One way to ensure that its systems and appliances are taken care of is by investing in a home warranty." And, here are five examples needing coverage:

1. Roof repairs represent the most frequent claim against home warranties. Of those with Home Warranty coverage, over 80% make claims of faulty roofing. Now, the roof problem may relate to a catastrophic storm or a house fire. But if the roof's quality was misrepresented, constructed incorrectly, or sustains damage under normal wear and tear, you may wish you had a home warranty.

2. Mechanical failures account for about as many claims. These claims arise from the failure of major appliances, water heaters and water softeners, garbage disposals, and other home machines. Some of these units also have manufacturer warranties, but such warranties are often shorter term than the home warranty.

3. Plumbing repairs sometimes need immediate attention and long-term fixes. A home warranty may cover drain, gas, and water lines for leaks and breaks. Newer homes also have bathtub jets and complex shower heads. Some warranties even cover stopped up toilets, sinks, and tubs.

4. HVAC repairs may include mechanical, electric, and plumbing solutions. They account for fully a third of the warranty claims. They are complex systems and depending on the climate where you live, they may need the professional attention that understands the local weather demands. Homes in hot locations will require more durable air conditioning, and those in regularly cold regions will need extra heating power. But you should clarify if the fault existed before home ownership transferred. HVAC systems should be functional at that time.

5. Foundation repairs are worrisome. According to HomeAdvisor, "Most homeowners will pay around $4,159 to repair foundation issues. Major repairs involving hydraulic piers can cost $10,000 or more, and minor cracks cost as low as $500. The typical homeowner pays between $1,846 and $6,556." That varies with soil conditions, and some regions are far more susceptible to foundation problems than others. You must check on what basic structural elements are covered by the home builder's warranty and how long it lasts. Then, ask your agent how to blend the homebuilder's obligations with your home warranty.

It's easy enough to secure the info you need on your specific needs, what a warranty covers, and what is costs. Check out this site which has everything you need to enjoy your home in peace of mind.

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