The Benefits Of A Home Warranty

Are you worried about the cost of repairs and replacements for your home's major systems? Consider investing in a home warranty, which can provide peace of mind and financial protection. A home warranty is a contract between you and an insurance company that covers specific components of your home, such as HVAC, plumbing, and electrical systems.

• Replaces the cost of repairs or replacements for covered systems with cash instead of paying for them out-of-pocket
• Pays a fixed amount per year, regardless of the number of claims filed
• Covers parts and labor for major home systems, including heating, cooling, plumbing, electrical, roofing, and more

Home warranties can be especially beneficial for homeowners who: (1) are self-employed or have irregular income, (2) have a large family or live in a large home with multiple rooms requiring different systems, (3) need to travel frequently and take their home with them; or (4) plan to sell their home in the future.

Why Choose a Home Warranty?

While a home warranty may seem like an expensive upfront cost, it can save you money in the long run. According to various studies, homeowners who purchase a home warranty can save up to 10% of their annual mortgage payments.