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HSA Vs Extended Warranties

HSA Home Warranty vs. Appliance Extended Warranties

You have many options to protect your appliances and mechanical systems if they break down while you own them. The most common protection plans out there now are home warranties and extended warranties. How can you make an informed decision on what’s best for your home? Here’s a breakdown of their common coverage options:

HSA Home Warranty

  • Covers many mechanical systems and appliances. Whether you file one claim or six, you only have to dial one number, and work with one company, to resolve issues.
  • Covers parts and labor. You always know what your trade call fee is, because it is outlined in your contract. HSA will send a service contractor who specializes in the system or appliance that failed in your home. We will also discuss a claim with you before authorizing additional repairs, eliminating unknown fees and higher costs to you.
  • Can be renewed year after year. You have the ability to protect your entire home for as long as you own it by simply renewing the home warranty on a yearly basis.
  • Can be transferred from seller to buyer. An HSA Home Warranty is designed to protect a home’s systems and appliances while it is on the market, and transfer that protection to the buyer upon closing, and lasting for a full year. Adding a home warranty to a listing is a great way to make sure it stands out from others in your area. If you already have an HSA Home Warranty and decide to sell your home, you can transfer the remaining months to a new buyer. The buyer then has the opportunity to renew each year they are in the home, and include a warranty when they decide to sell.
  • Available 24/7. HSA Customer Service representatives are available whenever an appliance or mechanical system fails in your home, including weekends and holidays. They are also available anytime you have a question about a claim, or your contract.

 

Extended Warranty

  • Covers just one appliance per contract. Purchasing extended warranties on each of your mechanical systems or appliances could cost hundreds or even thousands of dollars. If you choose to not cover certain appliances, you run the risk of paying hundreds more if it should break down. You may also have to juggle seven or more companies’ phone numbers and policies, depending on what appliances are covered in your home.
  • May include only limited labor coverage. Each extended warranty will have its own terms and conditions, and limitations. While labor may be included on one appliance, it may cost extra on another, or be excluded all together. Some extended warranties may also be difficult to find in your area.
  • Expires after a set amount of time. Many extended warranties protect your appliance for a year or more, and then abruptly stop on a certain date. You often cannot renew this coverage.
  • Protects only the purchaser. Most extended warranties are only valid if used by the original purchaser, and are voided if the appliance is sold. If the appliance breaks for the new owner, they may be left paying for the entire repair themselves.

Visit www.onlinehsa.com for more information about the benefits of an HSA Home Warranty. Talk to your Real Estate Professional about adding an HSA Home Warranty to your current listing or home.

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