When you’re buying a new home, it’s important to consider getting a choice home warranty plans. Not only does it provide you with peace of mind, it can also save you money in the long run. However, you may not be sure what to look for in a warranty. Here are four points to keep in mind:
Preexisting conditions may not be covered
When it comes to home warranty coverage options, you have your pick of the litter. Some providers do a brisk business, while others have a hard time keeping up. However, you have to do your homework, and not just on the home insurance front. The best way to determine what’s best for your needs is to shop around. To determine the best of the bunch, you’ll need to read the fine print, and do the research. For example, you may want to skip the high-priced option if you’re in the market for a new home. As long as you do your research, you’ll be well rewarded.
Choice Home Warranty is the second largest home warranty provider in the U.S., with a revenue of almost $300 million. It offers two home protection plans, the Basic Plan and the Total plan, which cover appliances and major systems.
The Basic plan covers electrical, plumbing, and heating systems. It also has the added benefit of a 90-day parts guarantee. However, it does not offer the additional features that some other companies do. For instance, it does not offer coverage for preexisting conditions.
One of Choice’s main strengths is its customer service. Customers can contact Choice 24/7, and claims are usually handled within four hours. In addition, Choice has a network of over 25,000 affiliated contractors. Moreover, customers can submit a service request online.
On the downside, Choice’s rating with the BBB is poor. It has received more than 4,000 complaints in the last 12 months. Furthermore, it has received a number of consumer fraud lawsuits in Arizona and Texas.
Choice Home Warranty offers a range of home warranty plans. There are two basic plans, and each plan includes a variety of features. It is also possible to add additional coverage. For example, there is a Total Plan that covers all of your essential home appliances.
The Basic Plan costs $44 per month, and the Total Plan costs $50. This will help you save on emergency maintenance. You will also receive a free month of coverage. However, it is important to understand the limitations of these plans.
One of the most important aspects of a coverage plan is the annual payout limit. The Choice home warranty has a maximum cap of $3,000 per year. Depending on the item, this may be a lower or higher limit. In addition, it is important to consider preexisting conditions. Also, it is important to know that Choice will not cover failures caused by neglect, abuse, or misuse.
Choice home warranty offers a 24-hour customer support line. Additionally, the company has an online account center. To use this service, you will need to provide your name and address, along with an email address.