Fishers, IN – Buying a Home Warranty

    blogWhen buying a home in Fishers, IN, you may wonder if it is worth the extra investment to purchase a home warranty. Is it worth the money? Will it help to protect your investment?

    First, lets clarify what a home warranty is. Do not confuse a home warranty with home insurance, they are two very different things. For example, if your basement floods, that is something that would be taken care of by your home insurance. A home warranty is a service contract that covers some of the appliances and systems in your home. For the length of the contract, the warranty provider will pay for repairs or replacement on those appliances and systems. How much is covered, the deductible, and what isn’t covered will vary with different warranties and providers.

    Most Fishers, IN home warranties last a year, and can usually be renewed if desired. It’s a good idea to find out the age of the appliances in your new home before deciding to purchase a home warranty. If the appliances are older and may need to be replaced soon, a home warranty can give you the peace of mind that you won’t have to pay the full cost to replace them during that first year in your home. If the appliances in your new home are relatively new, it may not be something that you need.

    As local Fishers, IN real estate agents, we can recommend home warranty companies if you are interested in purchasing a warranty. The most important thing to remember is to carefully read the contract, and pay special attention to what is and is not covered so that you know exactly what you are purchasing and how you’ll be able to utilize it. When a home warranty is understood and utilized for its intended purposes, it can be the easiest way to save on home repairs and reduce the extra stress that comes with buying a home. If you are still searching for the perfect Fishers, IN home please contact a Fishers, IN real estate agent. We hope to hear from you soon!

    Rodney & Amanda Heard
    Heard Real Estate Team

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