HMS Home Warranty Coverage and Benefits
HMS Home Warranty Coverage and Benefits
HMS Home Warranty Coverage and BenefitsThe HMS Home Warranty plans protect many homeowners from the unexpected. An HMS Home warranty can help those homeowners who sign a warranty contract for up to one year after the closing. This contract will protect against various disasters that can happen in the home, most of which their homeowner's insurance policy will not cover. Some of the covered items include:
Air conditioning and heating systems
Kitchen appliances such as refrigerators, dishwashers and ovens
Electrical and plumbing systems
Washers and Dryers
Ceiling fans
Water heaters
The disasters that can happen in the home are limitless and more often that not, are completely unexpected. If for any reason, under the terms of the contract, something were to happen to these appliances and other items, the HMS Warranty covers the cost for fixing or replacing them.
While the cost of the warranty paid every month covers these accidents, breakdowns and other problems, the amount paid for premiums will vary on a state by state basis and may change if you move. Additionally, the covered homeowner will also have to pay a deductible before the benefits will kick in. This deductible will also vary considerably in many cases.
After signing a contract, the HMS Home Warranty will begin to cover and give the purchasers peace of mind at varying intervals. For example, sellers, or real estate agents and other people selling homes, the coverage begins when the enrollment form is received, but only lasts for six months, or until the listing for the home is removed or sold. However, to add to this, an extension is available to those who need it for up to another six months.
Buyers of homes who sign their HMS Home warranty contract at the time of signing will have coverage beginning the moment the deal is closed. The HMS Home warranty definition of "closing" is when the buyer pays all costs and receives the title or deed to the home. For homeowners who are neither buying nor selling, coverage starts a month, or 30 days after payment is received by HMS Home warranties.
HMS Home Warranties can offer the homeowner the satisfaction of knowing that in conjunction with his homeowner's insurance, all things inside and outside of his home are covered in case of a disaster. The benefits of having this warranty can greatly outweigh the disadvantages, especially since the cost of repairing any of the items covered could cost up to 100 times more than paying for the contract.
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