Landmark Home Warranty is one of the larger home warranty companies. Because of their depth and size, they offer many different plans for homeowners to choose from. However, they do not offer their services only to individual homeowners but also real estate agents, home builders and property managers. The value of the warranty is more obvious to these larger interests that a single homeowner. When large property management systems offer a warranty as part of the purchase of a new home, it makes the investment seem safer, since all big replacement and repair bills are theoretically covered through the first year of ownership. Also, it comes as part of the purchase and is figured in, rather than the warranty’s cost relative to its merits.
The Traditional Home Warranties
Home warranties have evolved since their introduction to the market. They have evolved to include plans that cover structural damage, plans that do not include a service charge for each call, and a 24/7 promise of a service provider. Landmark is a traditional warranty company, so the structure of their plans leans more towards the traditional types of coverage.
Contractor Networks: A Two-Edged Sword
Like many home warranty companies, Landmark has a network of preferred contractors and technicians that they require you to use for any service calls and repairs. This can be a benefit or a drawback, depending on your situation. If you have a network of contractors that you trust, then this might bother you. However, if you’re new to the area, or don’t know what kind of contracting and technician options are available, having a pre-screened selection of contractors and servicers can mean plenty of time, energy, and money saved on research and repairs. As a result, you should carefully consider the service network and what you know and don’t know before making any decisions.