Home Warranty Advice - How Much Coverage Do You Need?

If you are thinking about buying your first home or if you are thinking about jumping in this buyers market that we are in, you may have been introduced to an insurance policy known as a home warranty.
But many people have no idea what these are and what they actually cover.
Most real estate agents first introduce these policies to potential home buyers just before closing on their new home.
The most important thing to remember is that you should not feel pressured to buy anything that you don't understand.
Hopefully I will be able to fill in the gaps for you.
Who needs a home warranty? The fact is, not everybody needs a home warranty.
Let me explain a little further.
If you are buying a newly built home, then you just don't need this type of coverage.
Why, because you will be covered by the contractors guarantee.
In fact, many states mandate this guarantee by law.
Just check with your local authorities for more info in your state.
And don't forget about all of those new appliances in your home.
Most of them will have a manufacturer's warranty that will last at least a year.
Just pull out your paperwork and do a little research.
How much coverage do you need? Well that all depends on a couple of different factors.
The main two being, how much you want to spent and how much peace of mind you need.
If money is the biggest factor for you, then you should spend your money on where it counts.
What am I talking about? Buy coverage for your home's heating and cooling system.
You will be glad that you did.
It could cost thousands of dollars to repair or replace your HVAC system, so spending a few hundred dollars on a warranty will be money well spent.
But if you want complete peace of mind, then buy comprehensive coverage that covers all of your major systems and all of your appliances.