Home Warranties for Older Homes: An In-Depth Guide

If you're considering buying an older home, it's important to understand the potential benefits of a home warranty. In this post, we'll provide an in-depth guide to home warranties for older homes, providing you with all the information you need to make an informed decision. We'll review what a home warranty is, what it covers, and how to choose the right one for you. We'll also discuss the advantages of home warranties and provide tips for getting the most out of your plan or policy.

What Is a Home Warranty? 

A home warranty is a service contract that covers the repair or replacement of household systems and appliances in the event of their breakdown due to normal wear and tear. Home sellers or real estate agents often offer home warranties as incentives to buyers of older homes or as additional protection for new homeowners. 

What Does a Home Warranty Cover? 

Home warranty coverage can vary significantly from plan to plan. Some policies limit coverage to a single home appliance. Others encompass virtually every appliance and system on the property. 

A standard home warranty typically covers major systems, such as heating, cooling, plumbing, and electrical systems. It also covers major home appliances, including ovens, refrigerators, dishwashers, and washers and dryers. Some plans may also protect pools, spas, septic systems, and garage door openers for an additional charge, and still others provide a variety of home services, from pest control and gutter cleaning to window washing and rekeying.

What Are the Benefits of Home Warranties? 

Home warranties provide homeowners with some remarkable benefits. Here are some of the most significant.

• Protection from unexpected repair costs. A home warranty for older homes can help protect buyers from costly repairs and replacements for covered items. This can be especially helpful for those buying older homes, where repairs to aging appliances and systems are much more likely. Old house maintenance costs can add up, after all.

• Convenience. Home warranty companies take all the stress out of home maintenance. When something goes wrong, all you need to do is file a claim. With Liberty Home Guard, this takes just a few minutes. We take it from there. Let us know when you’re available and we’ll schedule a service call with one of the licensed technicians in our national network.  

• Peace of mind. Having a home warranty can provide peace of mind. With active coverage, you know that you’re covered in the event of an unexpected breakdown. 

How to Choose the Right Home Warranty 

When selecting a home warranty for an old home, it’s important to compare different plans and companies to make sure you’re getting the best coverage for your needs. Read the terms and conditions of any plan you’re considering, and make sure the plan covers the items that are important to you. Additionally, research each company and make sure it has a good track record of customer service and timely repairs.

While low costs should be a factor in your decision, don’t be enticed by suspiciously low premiums. All home warranty plans charge monthly or annual premiums, but there are other potential costs to consider. There are service fees that are due when filing claims, and coverage caps and limitations. A plan with a low premium may also have unreasonable coverage caps or strict terms, so while you might pay less from month to month, you’ll be stuck with greater out-of-pocket costs when it’s time to repair or replace your refrigerator.

As a general rule, avoid gimmicks that seem too good to be true. Be wary, for example, of a home warranty with no waiting period when all reputable companies stipulate a 30-day window before coverage engages.

Types of Home Warranties 

There are several kinds of classes of home warranties. Some are designed explicitly for home buyers. Others are crafted for home sellers or even real estate agents. Whichever your situation, you can find a home warranty with as targeted or far-reaching coverage as you need.

• Limited home warranties. Limited home warranties typically cover the home’s major mechanical systems, such as HVAC, plumbing, and electrical systems. Some limited warranties also cover major appliances, such as refrigerators and dishwashers. 

• Comprehensive home warranties. Comprehensive home warranties have a greater breadth of coverage than limited warranties. These warranties often include coverage for all major systems and appliances, as well as smaller items, such as doorbells, plumbing fixtures, and garage door openers. They may also cover various home services.

What Is Excluded from Home Warranty Coverage? 

Home warranty coverage typically excludes systems and appliances that are not in working condition at the time of purchase. It also excludes pre-existing issues, damages caused by natural disasters, theft, and consequential damages. Additionally, coverage will not typically include cosmetic damages, such as scratches to paint, wallpaper, or finishes. 

Exclusions can vary from plan to plan, so it's important to read the fine print of your home warranty carefully to understand what is and is not covered.

How to Make the Most of Your Home Warranty 

• Understand the terms and conditions. When it comes to getting the most out of a home warranty for an older home, understanding the terms and conditions of the warranty is key. Take the time to read through the contract and ask questions if you don’t understand something. Ask the home warranty company to explain any terms or conditions that are unclear. It’s important that you have a full understanding of what is and isn’t covered in the warranty before signing. 

• Stay informed about coverage. It’s also important to stay informed about the coverage that comes with the home warranty. Many home warranty companies will provide customers with coverage updates from time to time. It’s important to stay current on the coverage so that you can be prepared in the event that you need to make a claim. 

Investing in an Older Home? Choose Liberty Home Guard

Liberty Home Guard is the perfect choice for homeowners looking to purchase an older home. Our customers can rest assured that they are protected against unexpected and costly repairs. From major systems like HVAC and plumbing to more minor appliances like refrigerators and dishwashers, Liberty Home Guard has the coverage that befits your needs and lifestyle. Use our website for a free quote or call (866)-432-1283.