E05: How to get the most out of your home warranty plan - Brian Brown, Old Republic Home Protection
In this episode, Nicole Saunches interviews Brian Brown with Old Republic Home Protection to discuss why a buyer, seller and/or homeowner would be interested in purchasing a home warranty.
Below are the top reasons in favor of purchasing a home warranty plan:
- Home Warranty plans can help offset or protect against unexpected costs of a major repair (Statistically, homeowners have a major repair in their first year of ownership 68% of the time)
- Provide peace of mind, especially for homeowners who are not handy with repairs
- Provide reliable tradesmen who carry at least $1M insurance policy
Did you know home warranty companies are able to replace and/or repair components for far less than what it would cost a homeowner calling on his or her own behalf. Why, you may ask? It's because home warranty companies order products & services in bulk and work out special labor rates with companies and are able to purchase products at wholesale costs.
The Top 3 claims for Old Republic Home Protection
- Clearing sewer lines/Plumbing
- AC
- Appliance repair/replacement
Additionally, Brian answers to the following questions:
-What is a home warranty?
-What is the difference between my homeowner's insurance policy and a home warranty plan?
-What is the process to submit a claim?
-What do you recommend prospective customers look for when shopping for a home warranty plan?
-What is the difference between a deductible and a trade call fee?
Questions Brian recommends consumers should ask prospective home warranty companies:
-Do you cover all of the AC coolant?
-Do you cover the Florida Mandate for AC replacement? or If my AC failed, do you replace both air handler and condenser?
Old Republic Home Protection has a variety of resources for homeowners. Below are few I believe you will find handy.
Old Republic Home Protection website
If you would like to reach out to Brian Brown directly, you can email him at BrianB@orhp.com
