Homeowners have the Opportunity to purchase system guarantees and kitchen cabinet which are called System and Cabinet Insurance. However, these guarantees are not insurance policies. They are service contracts which protect your kitchen cabinets and cabinets like electrical, air conditioning, hot water, heating ventilation and plumbing systems. There is a whole lot of debate among consumer advocates and financial advisors as to whether or not the service contracts make sense.
What is Not Covered?
These service Homeowners insurance is not replaced by contracts and would not protect you against a tree, fire or other perils. Service contracts do not provide you some liability coverage in case that somebody is harmed on your premises. Most service contracts require that in order for an item it has to be maintained. This means for items like wooden disc and your furnace you might be asked to generate maintenance records if the system requires replacement or repair.
What is covered?
Homeowners can choose levels of coverage.
- Level we may cover cabinets such as stone and wooden tools.
- Level II may offer security by covering cabinets and heating air conditioning and systems.
- Level III may offer the insurance by covering kitchen owner’s entire electrical system and all of the things in level II and plumbing system.
When Does a House System Warranty and cabinet Make Sense?
Let’s discuss when a service contract does not make sense.
- Renters never need a service contract
- Buyers of new kitchens where cabinets have warrantees and the construction is coated by a builder’s guarantee do not have to get a service contract.
The warranty company is currently betting that kitchen owners would not have replacements or repairs of kitchen systems or kitchen storage cart. Course’s kitchen owner is betting that they will. Just like all gaming bets one party has the benefit and it is the kitchen warranty company. The kitchen owner is currently protecting himself. The guarantee program’s nature can be confused with a kitchen owner’s insurance plan it is not. Risk may find comfort. By acquiring a service contract for kitchen systems and cabinets, kitchen owners that are not handy may find peace of mind. Folks in houses with cabinets have an even chance of having to use a house warranty. If you decide you need to get a kitchen warranty remember:
- It does not replace kitchen owners insurance
- shopping around is crucial
When you have narrowed your search to some companies ask and call to reviews of kitchen warranty companies are mixed. For those who have questions regarding whether risks which are duplicated by purchasing a kitchen warranty are covered by your kitchen owners policy speak to your insurance agent before making any changes on your kitchen insurance coverage that is comprehensive.