When a homeowner has to repair or replace a system or appliance in their home without a home warranty, they’ll often call numerous contractors, trying to find an expert and get bids for the project. Many people end up paying thousands of dollars for repairs or replacements, only to find that their contractor only did a portion of the job, the home was not up to code, or the cost of parts was too high. For the homeowner, this can be a huge setback, and it’s never worth taking on the contractor to get the job done, instead, we suggest to work with a home warranty company, click now and get all the details.
Instead, here are the top home warranty scams people should avoid.
Home warranties only cover minor repairs, so many don’t cover things like new carpeting, or minor appliances.
Always go with an independent inspector.
Always go with an inspector that you trust, especially if you’re just looking to replace a faucet or a water heater. Your home insurance policy will usually only cover minor repairs that have been done by a licensed contractor. If an inspector suggests they can do more for you, be sure to ask about extra costs.
Check with your home insurance company. If your home insurance does not cover this issue, you can get a quote by calling your insurance provider. If you choose to have an inspector inspect your home, and you’re satisfied with their recommendation, you should have a full home warranty from your home insurance company. If they do not provide a full home warranty, there is often a deductible that you will have to pay. When you call your insurance company and tell them you want a full home warranty, be sure to mention the home warranty scam and that it is not a part of the insurance.
Other scams include “pay-as-you-go” financing that may charge you late fees or require you to pay back interest or other charges. Don’t pay for services you don’t need. Always call your credit card company before making any big purchases. If you have to pay off a debt or bill early or after you’ve made your deadline, you may not receive the full value of the payment you’ve received. Always check your credit report carefully, and call the credit reporting agency to ensure that your information is accurate and complete. Don’t accept credit cards, cash, or other financial instruments as payment. Never offer to pay with any type of financial instrument or give cash or gift cards. You can’t use a credit card if it has been revoked or expired. If your credit card company refuses to honor a card for late payments, you can request a new card, or simply go without cash or gift cards for awhile. If you have a card that’s revoked, you can use cash to make payments as long as you don’t use it as your primary way of payment. A good example is a credit card that was revoked because you didn’t use it frequently enough. Another good example is a credit card that was revoked because you used it too much. Never give out your name, address, or other personal information to a stranger. Do not carry a check book or money in your pocket with you. If you find yourself in the situation of not having money for food, gas, or other basic necessities, you should find a way to get what you need before you have to walk to the local store. A few small businesses have opened in Detroit and are giving out food and other basic necessities in exchange for tokens they call “food stamps.” Check local news for updates on these opportunities. If you feel like you cannot use your card to buy something in the stores, you should call the bank that issued the card. Make