Important Home Warranty Facts You Need to Know

The cost of home warranties can vary widely depending on the coverage level, provider, and location. Understanding these costs is essential for making an informed decision.

• Costs can range from $100 to over $5,000 per year, with average annual premiums ranging from 1% to 3% of a homeowner's annual property value.
• Some providers offer discounts for bundling multiple services, such as home and auto insurance or flood protection.
• Home warranties may not cover damages caused by natural disasters, such as hurricanes or earthquakes, unless the policy explicitly states otherwise.