Insurance

When making the decision to buy a home warranty, there is no time like the present. Stay with me a minute and I will explain myself. Most of the time, for first time home buyers, the first time they hear of this type of insurance is when they go to close on their first home. And most of them are just not sure what to do and they are full of questions. That's where I am going to point you in the right direction so you can make a decision for yourself.

Who needs to purchase appliance repair insurance?

Buying insurance of any kind just seems to be a necessary evil. But first time home buyers generally don't have extra money just lying around to cover any major repairs in their new home. But with the purchase of a warranty, you are buying peace of mind so you don't have to worry about shelling out thousands of dollars to fix a broken heat pump.

What kind of coverage do you need?

Not all problems in your new home will cost you thousands of dollars. Some of them can be fixed for a few hundred dollars and a little bit of know how. That is why you need to make sure that you do not purchase more coverage than you need. This is where many home owners over insure themselves. If you just purchased a new washer and dryer, it will probably have a manufactures warranty so you don't need to cover those.

So when is the best time to buy a home warranty? In my opinion, your best option is to purchase your warranty at the closing of your home. Why, because you will probably get the best deal at that point. Many times real estate agents have a relationship with the different companies, and you can take advantage of that fact.