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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

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What Is a Home Service Contract, or "Warranty?"

October 17, 2016 12:57 am


The National Home Service Contract Association (NHSCA) defines home service contracts, or “warranties,” as contracts offering repair, replacement or service for major appliances and systems that break down as a result of “normal” use. Home service contracts, according to the Association, are a significant means of savings for homeowners, with coverage ranging from disposals and ovens to HVAC systems.

“The wholesale value of these contracts easily exceeds $1 billion in savings to consumers annually,” said Mike Bartosch, president of the NHSCA, in a recent statement.

Home service contracts are not the same as homeowners insurance. Said Bartosch, “Home service contracts and homeowners insurance policies are mutually exclusive products in all 50 states. NHSCA members are not insurers and do not sell an insurance product. Further, insurance products don’t cover service, repairs or replacement to home systems and appliances required as a result of normal wear and use.

“If a system or appliance stops working, contact your home service contract provider,” Bartosch added in the statement. “If a home system or appliance is damaged by a falling tree, catches fire, or is subject to vandalism, contact your insurance agent.”

Real estate professionals often offer home service contracts—in this case, “warranties”—to homebuyers and/or sellers. The term “warranty,” according to the NHSCA, refers to the seller’s action of purchasing a service contract for the buyer should issues arise during the first year of ownership. If you’re a buyer or seller, consult with your real estate agent or broker to learn more about the options available to you.

For more information, visit HomeServiceContract.org.
 
Source: National Home Service Contract Association (NHSCA)
 

Published with permission from RISMedia.


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Car Care: 5 Things Drivers Should Stop Doing

October 14, 2016 12:51 am


A car only lasts as long as you care for it.

“Because auto care isn’t always a top priority for car owners, they might not realize they are doing things that adversely affect the performance, safety and value of their car,” says Rich White, executive director, Car Care Council. “Routine maintenance can go a long way toward saving money, avoiding headaches and protecting your vehicle investment.”

The Car Care Council recently outlined five things drivers should stop doing if they want their car to last:

STOP: Driving Carelessly
Driving carelessly is not only dangerous to yourself and those around you—it can cause damage to your car, too. Always observe the speed limit, and avoid aggressive starting and stopping, especially in stop-and-go traffic.

STOP: Ignoring the Check Engine Light
We know, we know—you’ll schedule that vehicle service appointment eventually. Putting off service when the check engine light comes on could lead to costly repairs down the road. (Literally!)

STOP: Neglecting the Tires
Your car’s tires get you from Point A to Point B—don’t neglect them! Bald or underinflated tires can be detrimental to the gas mileage and performance of your car, as well as your overall safety.

STOP: Running on Empty
We don’t mean the gas tank (though that can be harmful, too!). Check the fluid levels of your car regularly, and refill, if needed, to keep your car functioning at optimal capacity.

STOP: Skipping Out on Service
Periodic inspections by a professional service technician, which include assessment of the car’s components and parts, can help you keep unexpected repair costs to a minimum, and extend the lifespan of your car.

Source: Car Care Council
 

Published with permission from RISMedia.


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