Should I Purchase a Home Warranty?

If you are in the process of buying a home, you may be deciding whether or not you are going to purchase a home warranty. Some homes come with a one-year home warranty as an incentive offered by the home seller. Your trusted real estate agents in Eldon, Missouri are here to give you a little more information about a home warranty and what protection it can offer. If you are looking to buy a home near Eldon, MO, this information provided below may help you make a decision if a home warranty is right for your situation.

What is a Home Warranty?

A home warranty can help protect from a major loss when it comes to home systems and/or appliances in your home. If you do experience a system or appliance failure and you have a home warranty, the company will likely help pay for a repair or even replacement, depending on the company and the level of protection you have purchased for your home. Be sure to compare the different coverage options if you are interested in purchasing a home warranty.

Benefit of Home Warranty

Discounted Service Repair

Many times, if a home warranty call is made, the owner will receive a discount on service repair if it is not fully covered. A list of repair companies are usually recommended through your company, which allows you to report the issue and get a repairman sent, with only one phone call.

Peace of Mind

A home warranty protection offers peace of mind when it comes to homeownership. Whether you fret about an appliance breaking or a malfunction in a home system, like the furnace, a home warranty can help alleviate the stress involved. This allows a homeowner to make the repairs needed, without the worry of cost and being able to afford fixing an issue.

Assurance of Home Purchase

Often a home warranty will be included in the purchase of a home. This can help ease the worry of buying a home, especially if you are unsure about the condition of appliances or the systems in the home, like a water heater.

Disadvantage of Home Warranty

Limited Repair Options

Likely the home warranty company will have a set list of repair companies in your area in which you have to use to be covered. This can limit the repair options of who you would like to have in your home, repairing your appliance or home system.

Policy Exclusions

Depending on the policy selected, there can often be limitations on what is actually covered with a home warranty. To avoid a surprise, ensure you look over the policy well and know exactly what is covered in your home.


A home warranty policy costs money. Either a yearly lump sum or monthly bill will be sent to keep your coverage active. If you are worried about finances, it can add to your financial responsibility and be a burden.

Ultimately, the decision to purchase a home warranty depends on your personal home buying or home owning situation. While we can present the pros and cons of a warranty for your home, you are the one who has the final say if it is right for you and your home purchase. If you are in the market to buy a home, Devine & Associates would be pleased to help you find the right home to meet the wants and needs of you and your family. Give us a call at (573) 392-9900 if you want to start the search for your new home near Eldon, Missouri.

Where Your Best Interests and Our Best Efforts Meet!

(573) 392-9900
203 E. 10th St., Eldon, MO 65026

(573) 207-8407
213 N. Main St., Laurie, MO 65037
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  1. Nice blog, thanks for sharing about home warranty for Buyers? It was information for us. I will come to look for update. Keep up the good work. Click here


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