Everything You Need to Know About Home Warranties
August 20, 2019
What is a home warranty?
Home Warranties are annual service contracts that cover repair or replacement to the common systems and appliances of a home. These service contracts feature coverage for the important parts and components that frequently deteriorate over time and are often difficult and expensive to replace. Although home warranties may seem like homeowner’s insurance policies, they are very different.
What’s the difference between a home warranty and homeowner’s insurance?
Depending on the type of policy, homeowner’s insurance typically applies to accidental damage that occurs to a property. Some common coverages include:
- Theft or Vandalism
- Floods, Fires, Lightning or Falling Objects
- Earthquakes, Tornadoes or Hurricanes
- Liability Claims
On the other hand, home warranties cover the cost to repair or replace the systems, components and appliances of a home, such as:
- Plumbing and Gas Lines
- Electrical Wiring
- Heating and Cooling Systems
- Water Heaters and More
When combined, home warranties and insurance policies provide unprecedented peace of mind and protection from financial harm from unexpected home emergencies. The two go hand-in-hand together and prevent any gaps in coverage for when something inevitably goes wrong in a home.
How does a home warranty work?
Our home warranty plans work in three easy steps:
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You call
Call us anytime to get immediate access to professional support.
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We fix
When you make a claim, we’ll send a licensed technician to handle your covered repairs.
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You save
Our licensed and insured professionals will deliver quality service with absolutely ZERO out-of-pocket payment.
Will I need multiple home warranties?
No. By creating your own custom plan, you’ll have the option to select coverage for each system or appliance you want. For example, you will only need to purchase one coverage for plumbing, electrical, and gas line systems, but may need to purchase two coverages if your home features multiple water heaters or multiple HVAC units. By purchasing a home warranty from Service Magic USA, you’ll be able to get exactly the coverage you need without paying for things you don’t.
Are all breakdowns covered?
Not all breakdowns are covered. We offer custom service contracts that are tailored to each home’s specific needs. By building your own plan, you can ensure that whatever you need covered gets covered. Nothing more, nothing less. Please sample contract to see precisely what is and is not covered.
How does a homeowner request service?
Homeowners can request service by filing a claim anytime, any day. Claims can be made either online by logging into your account, or by calling us directly. We take service requests seriously and have representatives available 24/7/365 to answer questions, dispatch service technicians, and ensure quality customer service.
Is there a deductible, service call fee, or any out of pocket payment?
Of course not! All coverages offered by Service Magic USA feature zero out of pocket payment. What you pay for the coverage is all you pay, period.
Should a home warranty be purchased when selling a home?
A customized home warranty from Service Magic USA is an exceptional value-added service you can offer with your home. In addition to providing budget protection and offering peace of mind to the customer, your custom home warranty will help minimize post-sale conflicts when selling your home.