When your 20-year-old refrigerator springs a leak, what do you do? Your first instinct may be to decide between a costly repair and an even costlier replacement.But if you have a home warranty policy, a repair could be free.Bankrate can help you find the lowest available mortgage rate.Home warranty policies are a perk of many home purchases. They cover repairs on specific home elements, such as built-in appliances, heating and air conditioning systems, and plumbing."A home warranty contract promises to keep working items working for a certain time period, usually one year," says Carl Knighten, CEO of HMS Tri-Region, a 30-year-old home warranty company based in Fairfax, Va.Learn the detailsTwo types of home warranties are available: The cost of the warranty is included in the price of the home. Builder warranty policies typically cover up to 10 years of structural defects; one year of coverage on items such as stucco, drywall and paint; and two years of coverage on HVAC, plumbing and electrical systems.

Appliances are typically covered for about six months. Companies also sell policies to purchasers of existing homes. In most cases, a home seller or real estate agent pays for these policies -- which typically cost a few hundred dollars -- as part of the sale of the home. cleaning an air conditioner window unitThese policies usually cover one year of repairs on various appliances in the home, along with its furnace, air conditioning and plumbing.high efficiency split ac unitsMany home warranty policies have a deductible of around $100 or the cost of a repair, whichever is less. external ac unit for carsThe deductible applies to each repair that occurs.Home warranty policies also are available directly to homeowners and homebuyers, who may purchase them in certain circumstances -- such as after buying a foreclosure, Knighten says."

Banks do not typically pay for a home warranty on a foreclosure or short sale, so homebuyers can purchase one for these homes if they wish," he says.However, Knighten says that less than 1 percent of his business comes directly from homeowners. 30 year fixed refi 15 year fixed refi 10 year fixed refi Net worth of the Clinton, Trump kids The 5 most expensive prescription drugsHomes of Donald Trump and Hillary Clinton7 things that could offend homebuyersGet the 411 on VA loans Best states to retire if you're tired of politicsNet worth of 9 political commentatorsThe 6 most dependable SUVs11 celebs scammed by Bernie Madoff7 warning signs that a flip is a flop Mortgage rates for Friday, September 30 If you're purchasing or refinancing, it's a great time to lock in a rate.Figuring out your particular furnace replacement cost will depend on a number of key factors. After all, no two homes are alike and no two businesses are the same. Each specific home or property has different characteristics that will impact the kind of furnace that will be needed.

In addition, other factors such as efficiency and special features and options can also affect the cost of a new furnace. At Galmiche & Sons Heating and Cooling, we have years of experience when it comes to replacing as well as repairing furnaces. We have experience evaluating and comparing the different factors that come into play when determining furnace replacement cost. This experience allows us to provide guidance to our clients that is concrete, relevant, and up-to-date. For more detailed and personal advice on furnace replacement cost factors and to request a quote for your furnace replacement or HVAC system installation project, contact us online or by phone today. There are a number of important factors that can have a major effect on the overall furnace replacement cost. These are the things that you need to pay the most attention to when figuring out your furnace replacement estimate in order to ensure that you select a system that is well sized and fit for your needs.

Some of the main factors to consider are explained below. A larger space, such as a larger residential home, is going to require more heating capacity. So it follows that the furnace replacement cost will be higher for a larger space as larger capacity units are more expensive. The existing furnace in a home will give you a general idea of what kind of replacement unit will be needed. It is also important to determine if the existing heating unit is able to adequately maintain a comfortable environment. If the comfort level is fine, then consider the prices of replacement furnaces that are similar to the existing one. However, if the existing heater does not provide adequate heating, you may need to get something larger or with a higher capacity. The best way to proceed is by having your HVAC system evaluated by professionals so they can advise you on what size unit is needed in order to maintain a comfortable temperature in your property. This will ensure that your furnace replacement cost is not higher than necessary, and yet still appropriate for your needs.

This is a factor, in terms of the furnace replacement cost, where you will need to balance initial expense with future savings. A more efficient unit might have a higher furnace replacement cost up front, but because it uses less energy and fewer resources to achieve its level of heating, your ongoing costs from your utility bill will be lower. Over time, this can result in substantial savings. Therefore, it is important to keep this factor in mind. To save more on your furnace replacement costs up front, you can choose to purchase a fairly basic heating unit. However, you may want to keep your specific needs in mind before making a purchase decision. After some consideration, you might find that purchasing an HVAC system with some additional functionality and features will be worth the additional furnace replacement cost. For instance, in addition to heating the air, you may also wish for the system to clean and purify the air to help prevent the spread of disease or allergens.