As the cost of new homes continues to rise, it's becoming increasingly important for homeowners to consider investing in a home warranty. A typical home warranty plan covers various services and repairs that may arise during the lifespan of your home. According to the National Association of Home Builders, most home warranties include coverage for:
In addition to these core services, many home warranties also cover specialized coverage, such as:
Some home warranties may also offer additional coverage, such as:
It's essential to review your home warranty policy carefully and understand what services are covered before purchasing a plan. This will help you avoid unexpected expenses and ensure that you're protected for the long term.
As of 2023, it's recommended to purchase a home warranty at least 1-2 years before moving into your new home. This allows you sufficient time to review your policy and make any necessary adjustments before signing on. Refer to this article from The Rebel Chick for more information on what services and coverage are typically included in a standard home warranty plan: