By Laura Keyser of the Diane Olson Team
If you’re looking to purchase real estate in Arizona, or already have, make sure to look into home warranty insurance – something not available in Canada.
In short, Home Warranty is a service contract that covers the repair or replacement of home systems and appliances that fail due to normal wear and use during the term of the Plan. The typical contract provides coverage for 12 months, is renewable, and coverage can be customized.
Your second home is one of your biggest investments so why not explore the peace of mind that comes from alleviating the budget worry of costly repairs to major systems or appliances.
Home warranties also offer a convenient service solution should a system or appliance break down. This is particularly valuable for Canadians when they’re not down south.
Most warranty companies take service calls 24 hours a day, 365 days per year, and can immediately dispatch a qualified contractor to perform the required service. With most claims, the homeowner pays only a nominal service fee to the contractor.
Home Warranty insurance:
- Can be obtained for most home systems and appliances, including air conditioners;
- Won’t cover general maintenance, cleaning or cosmetic defects etc.
Always read the home warranty contract to determine the coverage, and make special note of terms and conditions.
Diane Olson is a former Canadian police officer whose team of agents has earned its reputation as Canada’s go-to realtor for Canadians looking to buy vacation and investment property in Arizona.