6 Best Home Warranty Companies in Rogers, MN

How Does a Home Warranty Work?

A home warranty is a protection policy that helps Rogers homeowners in lowering the costs of appliance and system repairs. The plans provide financial coverage to replace or repair appliances and systems that stop working due to normal wear and tear. When something breaks down, you file a claim and pay a service fee. The home warranty provider then finds a contractor to handle the replacement or fix. Homeowners may have out-of-pocket costs only if the cost of the repair or replacement exceeds the item's coverage limit. A home warranty gives security for homeowners by helping them prevent expensive emergency fixes. They're particularly useful for those who own older homes or ones with outdated systems. Newer builds with functional fixtures probably don’t require a home warranty.

What Does a Home Warranty Cover?

Home warranties cover many home systems and appliances. Warranties usually cover appliances such as dryers, garbage disposals, dishwashers, washers, microwaves, refrigerators, and more. Covered systems include air conditioning, heating, plumbing, and electrical. Many home warranty companies also offer add-on coverage for locksmiths, septic systems, roof leaks, and central vacuums. Most home warranty plans require Rogers homeowners to wait 30 days before the plan will cover repairs. Additionally, policies normally only cover repairs and replacements resulting from normal wear and tear. Home warranties don't cover pre-existing conditions, cosmetic issues, natural disasters, or misuse of a system or appliance. To help ensure your next repair or replacement is covered, keep up with preventative maintenance.

Key Home Warranty Terms to Know

Home warranty contracts use several terms that you'll want to know before signing, such as:

• Deductible: How much you pay for a covered repair before your warranty covers the rest. Deductibles can be per-claim or yearly.
• Service fee: The out-of-pocket cost you pay per claim for access to a contractor and repair coverage.
• Coverage limits: How much money your warranty provider will pay for specific repairs or replacements. Check limits on repairs for things like roof leaks, appliances, and air conditioning units.
• Claim approval: The process a provider uses to validate that a requested repair or replacement is covered under your plan.
• Contract rate: The rate that your home warranty provider has pre-negotiated with its contractors. Normally, this rate is lower than what you'd pay retail.
• Trade call fee: An additional fee that's sometimes required to appliance-related claims.
• Endorsements: Additional coverage for systems like septic, pools, and well pumps, which usually comes with a fee for each add-on.

With these terms and key factors in mind, you'll be able to understand pricing and choose a home warranty customized to protecting your most essential home systems. When getting a quote, review coverage details with potential providers, so you don't encounter any unexpected fees.

Key Factors in Choosing a Home Warranty Company

When choosing a home warranty provider, there are several important factors to consider:

Coverage Options

Home warranty coverage varies, although most plans provide coverage for heating, plumbing, electrical, AC, and appliances. More comprehensive options may also provide protection for other things such as well pumps, roof leaks, pools, and spas. Look for a provider that offers an extensive selection of coverage options, including upgraded plans. You want the flexibility to customize coverage to fit your home's specific systems and needs.

Service Fees

With any home warranty claim, you'll pay a repair fee that typically ranges between $60 and $100, which is paid per service call made. The costs from multiple fees can add up. You may decide to look for providers with lower service fees to maximize your savings on each claim. Some companies also offer disappearing deductibles if a homeowner doesn't submit claims for repairs for a specified period of time.

Reputation

A home warranty provider's rating gives you insight into things such as contractor quality, claim approval rates, timeliness of repairs, and overall customer satisfaction. Look at third-party review sites such as TrustPilot, the Better Business Bureau (BBB), or Google Reviews to research providers. Complimentary ratings and reviews indicate a provider known for stellar service.

Contractor Network

Home warranty companies have networks of contractors that they use to tackle covered repairs. Bigger networks increase the probability of getting qualified contractors to your home swiftly. Reach out to possible providers to ask how many contractors they have in Rogers to understand how long repairs may take in an urgent situation.

Added Benefits

Home warranty providers often offer perks such as coverage for smart home devices, maintenance discounts, and energy efficiency upgrades. These can add value beyond just repair coverage. Added perks maximize the usefulness of the home warranty.

Is a Home Warranty Worth it in Rogers?

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Benefits of a Home Warranty

Rogers’s frigid winters can put a strain on a home’s HVAC system. Whether it’s summer or winter, a home warranty will cover your home’s appliances and systems if they need to be repaired or replaced. For example, if your air conditioner breaks down in the middle of July, a home warranty can cover the repairs, saving you from spending unexpected money out of pocket.

In addition, having a home warranty can save you time by removing the need to research service technicians — most providers will send a trusted professional right to your door to carry out the necessary repair or replacement. Plus, though home warranty companies vary, some providers will allow you to transfer your warranty in the event that you sell your home. This can make your home more attractive to potential homebuyers and maybe even help your home sell faster.

Downsides of a Home Warranty

There are also some negatives to purchasing a home warranty policy, such as the coverage exclusions. For instance, home warranties may not cover home systems or appliances that already have a manufacturer's warranty.

Another consideration is that home warranties usually only cover damage from normal wear and tear. They most likely won’t cover home systems or appliances that need repairs or replacements due to improper maintenance, natural disasters, animal infestations, etc.