Owning a home is exciting, but let's be honest, it comes with unexpected costs. A broken AC in the middle of summer? A fridge that suddenly stops working? Repairs like these can be expensive, but that’s where a home warranty can save the day.
A home warranty helps cover the cost of repairing or replacing your home’s appliances and systems when they break down due to normal wear and tear. Unlike home insurance, which protects against disasters and accidents, a home warranty gives you peace of mind when things stop working.
A home warranty is a service contract that covers repair or replacement costs for major home systems and appliances. It’s like an extended protection plan for your home, helping you avoid expensive out-of-pocket repairs.
Home repairs can be costly. A home warranty can help reduce these expenses, making home maintenance more affordable.
With a home warranty, you pay a fixed annual or monthly fee, along with a service fee per claim. This means that when an essential home system or appliance fails, you won’t have to worry about coming up with thousands of dollars unexpectedly.
A home warranty covers everyday items like:
By covering these essential items, a home warranty helps prevent you from being caught off guard by sudden breakdowns and high repair costs.
Instead of scrambling to find a reliable repair technician, your warranty provider sends a pre-vetted professional to fix the problem quickly and hassle-free. This eliminates the stress of searching for the right contractor and ensures that repairs are done properly.
Additionally, home warranty providers often have relationships with experienced service professionals, ensuring that you get quality service at a lower cost. Many warranties also offer unlimited service requests, allowing you to call for assistance as many times as needed within your coverage limits.
Yes! Even though new homes have fewer issues, a home warranty offers great benefits:
Many new homeowners mistakenly believe that because their home is brand-new, they won’t face issues for a long time. However, even new construction homes can have hidden defects that appear after the builder’s warranty expires. A home warranty helps fill this gap.
Older homes are more likely to have aging systems and appliances, making a home warranty even more valuable:
If you’ve purchased an older home, chances are the previous owners may not have kept up with regular maintenance. A home warranty ensures that when things break, you have a plan in place to get them repaired or replaced quickly.
Yes! If you want to avoid surprise repair costs and have peace of mind, a home warranty is a smart investment. It prevents you from having to pay thousands of dollars out of pocket for unexpected home repairs.
Most plans cover major home systems (HVAC, plumbing, electrical) and appliances (fridge, oven, washer/dryer). Some plans offer additional coverage for items like pools, septic systems, and even home electronics.
On average, home warranties cost between $300-$600 per year, plus a service fee per claim. Costs vary based on coverage level and provider. (Forbes Home).
Yes! Many home warranties are transferable, making your home more attractive to buyers. A transferable home warranty provides buyers with confidence that they won’t have to deal with unexpected repair costs right after purchasing the home.
A basic home warranty typically covers essential systems and appliances, while a comprehensive plan includes additional items like septic tanks, well pumps, and roof leaks. Always read the contract details before purchasing.
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