Invest Wisely: The Value of Home Warranty Furnace Coverage
When you purchase a home, you recognize the importance of protecting its value. It’s exciting to purchase new furnishings for the home, and you may pick up some paint or other items to make it your own. One thing you don’t want to deal with as part of home ownership is high repair bills. Sadly, they come with owning the home. What can you do to make the bills more affordable? Consider investing in a home warranty.
This warranty provides coverage for major systems and appliances in the home, including your furnace. The furnace keeps your family warm when temperatures drop. It also protects your home from damage due to cold. Why is home warranty furnace coverage so important?
Costly Repairs
The furnace may run constantly during the winter months to keep you warm. This continuous operation puts a lot of wear and tear on the system, which can lead to mechanical breakdowns. When it does, you might find you have a bill that runs into thousands of dollars. The average furnace repair costs $312 in 2024, according to Angi.com, but it could be much higher. How much will you spend if the unit needs to be replaced? The average cost for this project is $2,000 to $5,400, although the price could be significantly more.
Be Proactive
While you could be proactive and put money aside for repairs or replacement of the furnace, there is another option. Invest in a home warranty and know these costs will be covered. You won’t have to wonder if you put enough aside to keep your family warm when it is cold outside because the warranty will help you keep the system up and running. What benefits come with this warranty?
Cost Savings
How much can you save on furnace repairs with a home warranty? Most providers charge a $75 to $125 service fee or deductible for each visit to the home. Compare this to what you will pay out-of-pocket without this warranty and it is easy to see why purchasing this coverage is wise. The warranty covers more than just the furnace, so even if you only need one or two repairs a year, you could see significant savings after you pay the premium.
Convenient Service
It’s never fun to have to find a new service provider. You need to complete many steps before choosing which company to use. When you have a home warranty, the warranty provider finds reputable contractors. They handle the background checks and other essential steps that should be completed before allowing someone into the home. As you won’t need to do this work, someone can be at the home in less time to get the furnace running again.
A Longer Lifespan
Regularly maintaining the furnace and making repairs as soon as a problem is observed will extend the lifespan of your furnace. With a home warranty in place, you won’t need to put repairs off because you don’t have the funds to cover them. The problem can be fixed promptly, so there won’t be further damage and additional repair bills. Your furnace will last longer thanks to the care it receives.
Look into purchasing a home warranty today. Doing so will save you time and money while providing peace of mind. However, choose a warranty company carefully to ensure you get the desired level of protection. With this company’s help, your home will remain warm regardless of the temperature outside.
