Homebuyers must protect their investment, says EA Canada
TORONTO, Dec. 14 /CNW/ - Buying a home is an exciting time. Most people
are first focused on the price and location. Once the home is
purchased, buyers quickly begin to worry about the overall condition of
the homes systems and appliances. These can add up to thousands of
dollars if they require repairs or replacement.
"This is the biggest investment most people will ever make," said Brad
Loder, Director of Marketing, Europ Assistance (EA) Canada, "It is
amazing how often the conditions of essential components of the home
are overlooked. Our goal is to help mitigate this unnecessary stress
and worry for all new homeowners."
Canadian homebuyers are becoming more aware of potential unexpected
repair costs associated with heating and cooling equipment, plumbing
and electrical systems, and all household appliances that are included
in the purchase price of the home.
"Even with a qualified home inspection, there is no way of predicting
the timing of an appliance or system breakdown which will bring about
unexpected costs," advises Loder.
The reality of these unexpected costs can be devastating and draining on
the family budget, and knowing who they can trust to complete these
repairs is often intimidating.
Furnace and Air-Conditioning
Practically speaking, new homeowners only have a period of about five to
seven months a year to purchase a house that requires the furnace to be
operating, and less than five months for air conditioning. Repair costs
associated with these home comfort systems can average $400-$750, and
replacement costs can add up to thousands.
More often than not, new homeowners inherit existing appliances when
purchasing a home. In most cases these appliances vary significantly
when comparing age, brand, and reliability. Appliance repairs can be
very costly, and create an inconvenience while waiting for parts and
repairs. These breakdowns are not predictable, and proactive
maintenance will not eliminate unexpected repair costs.
Electrical and Plumbing
Similarly, home electrical and plumbing systems can cause unwanted
interruptions of conveniences home owners just come to expect. These
unexpected repairs can shake the confidence of the most experienced
home buyers. Often, these repairs end up being much more complicated
than first expected, primarily caused by prolonged issues.
The status of your new water heater is something that needs to be
confirmed right away. Did you inherit a rental plan the former owners
entered into? Do you own the water heater outright or are you renting
it? And of course, check what condition it is in.
Most of the service examples listed above require different trade
businesses to serve each of the appliances or systems. Contractors must
be certified, licensed and trained to handle the appropriate service.
One shoe does not fit all in this case.
"As an added benefit, the EA Canada Home Assurance Program makes our
entire authorized contractor network available to our customers
regardless of their current assurance plan coverage. We want our
customers to rely on us for all their home assurance needs," explains
Loder. "We want to alleviate the stress associated with locating a
reputable service contractor and the financial impact of the repairs."
How homeowners can protect themselves
A home protection plan is the easiest way for homeowners to protect
themselves and achieve peace of mind before a non-insured emergency
happens in the place that matters most - their home. EA Canada's Home
Assurance Program is one of the most comprehensive and flexible home
protection programs available in Canada. Features of the program
100% coverage for all parts and labour repair costs*
24/7, 365-days-a-year emergency assistance and unlimited calling
Reputable and guaranteed service quality from EA Canada's credentialed
Single and bundled plan options available
Ability to upgrade a plan at any time
Plan portability or transferability options
No annual contract or unexpected hidden fees
*Certain terms and limitations/restrictions apply.
About Europ Assistance Canada
EA Canada is dedicated to making Canadians' lives easier through our
comprehensive Health, Home & Family and Travel Assistance Solutions,
24/7, 365-days-a-year.Our world-class network helps Canadians and
Canadian businesses get the assistance they need when they need it. EA
Canada employs over 200 people and its headquarters are located in
EA Canada is a division of Europ Assistance, the leading provider and
global pioneer of the assistance industry. Founded in 1963, as the
inventor of the assistance concept, the Europ Assistance Group operates
on a global basis in order to bring its 300 million worldwide private
and corporate clients appropriate solutions to deal with day-to-day or
emergency situations. Owned by the GENERALI group, the Europ Assistance
group is made up of 80 consolidated companies in 35 countries, employs
over 6,800 people worldwide, has ground agents located in 208
countries, works with 410,000 approved partners available at all times
and supported by 38 call centres.
SOURCE EUROP ASSISTANCE CANADA
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