Ledford Agency LLC

1910 N Big Spring St
Midland, TX 79705

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Is a Home Warranty Worth It?

When you buy a home, you have to furnish it and get appliances if the builder doesn’t provide them. You’ll come across a home warranty as you purchase items for your house, including upgraded HVAC systems. Home warranties cover items like broken-down appliances and other things that wear out over time. They sound good, but are they worth it? Ledford Agency LLC in Midland, TX wants you to take a good look at the pros and cons of these warranties before you buy one.

Just How Much Is Covered?

When you get a home warranty, you pay a yearly fee and a smaller fee whenever you have something inspected. The good part is that if the warranty pays for the repairs you need, your financial outlay may be a lot easier to handle; you pay only the amount that the warranty states you’ll pay rather than the entire repair cost. That cost can run very high for larger systems, so a warranty stating you’d pay only a small amount can be excellent.

As with any warranty, though, there are some cons to consider. One is that the warranty may not pay out, a risk you take with any coverage. Another is that the warranty may cover only repairs and not replacement, leaving you on the hook for the whole cost if repairs are deemed useless. And you may be limited to using only those repair companies the warranty company deems acceptable.

A home warranty can be good, but it’s not for everyone. You may want to discuss whether or not to buy a warranty with an insurance agent at Ledford Agency LLC in Midland, TX.