All Questions About Home Warranties Answered - The Style Plus
Home warranties are insurance policies that protect homeowners from financial losses due to unforeseen circumstances, such as appliance failures or natural disasters. They can be a valuable addition to any home purchase, providing peace of mind and financial security.
What is a Home Warranty?
A home warranty is an insurance policy that covers the cost of repairing or replacing major appliances and systems in your home. It typically includes coverage for items such as:
- Appliances, including refrigerators, dishwashers, and washing machines
- Plumbing fixtures, such as sinks and toilets
- Building maintenance, like HVAC systems and roof repairs
The most common types of home warranties are:
- Daily Basic HomeWarranty (DBHW)
- Daily Enhanced HomeWarranty (DEHW)
How Does a Home Warranty Work?
A home warranty typically has the following benefits:
- It provides financial protection against unexpected repairs and replacements
- It offers a hassle-free repair process, with technicians coming to your home to make the necessary repairs
- It can help reduce the stress of dealing with insurance companies and contractors
Are Home Warranties Worth Considering?
Consider the following factors when deciding whether a home warranty is right for you:
- $500-$1,000 per year: A good starting point for most homeowners
- $2,000-$5,000 per year: Suitable for larger homes or more complex systems
- $10,000+ per year: Often required by major homebuyers or those with high-end appliances
All Questions About Home Warranties Answered - The Style Plus