Why Should You Consider a Mobile Home Warranty?
Before you decide whether or not to purchase a mobile home warranty plan, think about the many benefits of having extra coverage.
Warranties offer peace of mind
Homeownership comes with a lot of built-in stressors. Unlike rental situations, when something goes wrong in your home, you are on the hook to address the repairs or replacements yourself. A mobile home warranty takes off some of the pressure. If an expensive appliance or home system malfunctions due to inevitable wear and tear, a home warranty will protect you from unpredictable and unforeseeable repair or replacement costs.
You’ll receive convenient, fast service
One of the main benefits of having a mobile home warranty is the fact that you only deal with your Choice Home Warranty representative. You can skip the cumbersome step of contacting contractors for multiple quotes (you’re only responsible for the service request fee!) and rest assured that your representative will send a qualified, professional, screened and trusted service provider to address your issue as soon as possible.**
Your house will sell faster
Because your Choice Home Warranty is fully transferable, it is actually an effective marketing tool if you are interested in selling your home. According to the Professional Warranty Service Corporation, “A study from the Service Contract Industry Council (SCIC) found that homes with systems and appliances warranties sell for an average of $2,300 more and 16% faster than their non-warranted counterparts. Consumer studies have found that a systems and appliance home warranty also reduces the number of days on the market by 16.14%.”
Compared to routine home repairs, a warranty is inexpensive
Compared to the cost of repairs and replacements, home warranties are actually quite affordable. Most protection plans start at $500 per year and cover your major home systems or appliances. A one-year home warranty with Choice Home Warranty can start as low as $1 per day for a combo plan, which includes major systems and appliances, including your electrical system, your plumbing system, and your dishwasher, all of which can be costly to repair or replace. Sometimes even a single repair can cost $1,000. Often, if you use your insurance policy even once throughout the year, the home warranty pays for itself.
What Is the Difference Between Homeowners Insurance and a Mobile Home Warranty?
When it comes to manufactured homes, homeowners insurance is required by most lenders if you are financing your mobile home using a mortgage. Essentially, it covers you in the event of an insured disaster when it comes to property, your personal belongings, additional living expenses and liability. USA.gov (an online guide to government information and services that is officially endorsed by the United States government) puts it this way: “Homeowners insurance protects your home and personal property against damage or loss, and insures you in case someone gets hurt while on your property.” Costs vary widely and are usually dependent upon your location.
Understanding Homeowners Insurance: What Exactly Does the Word “Property” Mean?
When homeowners insurance policies say they cover your “property,” they are talking about the actual physical structure of your home. According to the Insurance Information Institute, this means, “your homeowners policy pays to repair or rebuild your home if it is damaged or destroyed by fire, hurricane, hail, lightning or other disasters listed in your policy.” It does not cover you in the event of a flood or earthquake and will never cover routine wear and tear.
Understanding Homeowners Insurance: What Exactly Does the Term “Personal Belongings” Mean?
When a homeowners insurance policy says it covers your “personal belongings,” this generally just means, well, your stuff. It doesn’t cover appliances or systems in your home in the event of a disaster, but, according to the Insurance Information Institute, “Your furniture, clothes, sports equipment, and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters.” Again, it does not cover your personal belongings in the event of a flood or earthquake and will never cover routine wear and tear.
Understanding Homeowners Insurance: What Exactly Does the Term “Additional Living Expenses” Mean?
“Additional living expenses” are only covered in the event that your home is damaged to such an extent that you actually have to move out while it is being fixed. Additional living expenses coverage (or ALE coverage) covers your costs of living while you’re away from your home when damage is incurred due to an insured disaster. This coverage varies from policy to policy (and often has a cap, meaning it will only cover a certain amount of money and no more), but it generally covers hotel costs, meals at restaurants, and other costs that are a direct result of your temporary displacement.
Understanding Homeowners Insurance: What Exactly Does the Word “Liability” Mean?
“Liability” coverage is somewhat less straightforward than the rest of the protections offered by homeowners insurance. It includes no-fault medical coverage for individuals who may be injured in your home (although it does not cover medical coverage for you (the policy owner) or your family. It also covers property damage or bodily injury caused by you or your immediate family (as long as it is accidental). So if you accidentally ruin something of your neighbor’s, your homeowners insurance should cover it. Just check with your insurance company.
Choosing a Mobile Home Warranty
If you’ve weighed all your options and you are interested in purchasing a mobile home warranty, fill out the form or call (732) 907-4902 to speak to a Choice Home Warranty customer service representative for a free quote.
How to Put Your New Home Warranty Coverage to Work
Once you’ve determined the exact coverage you need, your one-year warranty will start exactly 30 days from the date you are approved for coverage. Once your coverage has started, you can call a service representative seven days a week, 24 hours a day, 365 days a year. Here is a basic rundown of what will happen when you make a warranty claim:
- Your Choice Home Warranty service representative will contact an authorized service provider within two days (or four days on weekends and holidays).**
- The service provider will contact you to schedule an appointment during normal business hours.
- You will pay a small service fee to the service provider, and they will provide the covered repair or replacement for your appliance.
It’s that simple!
* There are also specific limitations of coverage for each appliance and system. Click Here to view complete limits of liability and any exclusions. CHW offers service contracts, which are not warranties. ** See policy for specifics on response times. *** CHW reserves the right to offer cash back in lieu of repair or replacement in the amount of CHW’s actual cost (which at times may be less than retail) to repair or replace any covered system, component or appliance. **** In the event a claim is denied, and a customer seeks to have Us review that denial, We have the right to request routine maintenance records in reviewing its decision.