4 tips to avoid home warranty woes
Verify your home warranty company before signing a service contract. (Photo courtesy of Darien Wilson)
Don't be hoodwinked by a home warranty service contract. Consider the following tips:
- Check with your state's department of insurance to verify if the home warranty company you're considering is properly licensed to do business. If licensing isn't required in your state, inquire about the company's status with your local consumer protection agency, as well as Angie's List.
- Be sure to read the fine print and ask the company any lingering questions before deciding if a home warranty service contract is right for you.
- Tell your real estate agent about any denied claims. Oftentimes, he or she will have a relationship with the home warranty company and can make a call on your behalf.
- Be sure to tell the home warranty company if their network contractor did a good job or not. Most keep a rating system on their contractors and disperse the work accordingly.