Saving Money With Home Warranty – Fangwallet

What Is A Home Warranty?

A home warranty is a protection plan that covers major home system repairs and replacements for 1-5 years, depending on the policy. It typically includes coverage for items such as HVAC systems, plumbing fixtures, electrical systems, and appliances.

Types Of Home Warranties

• Hospitality-style home warranty: Covers major home system repairs and replacements for 1 year, with a $500 deductible per item.
• Industry-standard home warranty: Covers major home system repairs and replacements for 2-5 years, depending on the policy.
• Extended Home Warranty (EHW): Provides extended coverage beyond the standard warranty period, often up to 10 years or more.

Reasons to have a home warranty include:

1. To protect your investment in your home.
2. To avoid the high costs of replacing major system components.
3. To reduce stress and worry about potential repair or replacement costs.
4. To extend the lifespan of major system components.