BuyersHome OwnersSellers March 27, 2023

The Benefits of a Home Warranty: Saving Money and Understanding Normal Wear and Tear

In a recent episode of the Success Estate Podcast, I sat down with Beth Elbert, a Sales Executive for Fidelity Home Warranty, to discuss the benefits of home warranties and how they can save homeowners money. During the conversation, Beth emphasized the importance of understanding what normal wear and tear means when it comes to home repairs.

I asked Beth what types of issues a home warranty can save homeowners money on. Beth replied that a home warranty can cover things that have issues due to normal wear and tear. This includes appliances, plumbing, electrical, and HVAC systems. However, Beth noted that it’s important to understand what normal wear and tear means in the context of a home warranty.

Beth shared a personal story of her first experience with a home warranty. She had just bought her first house and called the warranty company to fix a broken drain cover. However, the repair was not covered because the warranty only covered issues due to normal wear and tear. This led I to research and learn more about what constitutes normal wear and tear and how it can impact home repairs.

According to Beth, normal wear and tear refers to things that happen over time to any house, such as aging appliances or systems. In contrast, issues caused by accidents or storms are not covered under normal wear and tear. Beth emphasized that it’s important to understand these distinctions to avoid misunderstandings and unexpected repair costs.

In addition to saving money on repairs, Beth also highlighted the importance of maintaining home systems and appliances. She noted that many homeowners don’t realize the need for regular maintenance, such as changing the oil in a car or servicing an HVAC system. A home warranty can provide peace of mind by ensuring that home systems and appliances are properly maintained and serviced.

Overall, Beth emphasized that a home warranty can provide valuable financial and practical benefits for homeowners, but it’s important to understand the terms and limitations of the warranty. By understanding what normal wear and tear means, homeowners can make informed decisions about their home repairs and maintenance.