The Basics of Home Warranty Coverage Facts To Know
Home warranty coverage is a type of insurance that covers the repairs and replacements of major home systems and appliances. It's usually included in the purchase price of a new home or added as an add-on to an existing policy.
- A typical home warranty plan includes coverage for things like HVAC, plumbing, electrical, and appliance repair.
- The cost of a home warranty plan can vary widely depending on factors like the size of your home, the age and quality of appliances, and the location you live in.
- The average annual cost of a home warranty plan is around $800-$1,500, although some plans can cost upwards of $2,000 or more.