The Everything You Need To Know About Home Warranty Coverage

Home warranty coverage is a type of protection that helps you repair or replace major home appliances and systems when they break down, covering some or all of the costs. Here's everything you need to know about it.

What Is a Home Warranty?

A home warranty is a contract between you, the homeowner, and an insurance company that covers certain home repairs and replacements for a specified period. The coverage typically includes major appliances, such as refrigerators, ovens, and dishwashers, as well as plumbing, electrical systems, and HVAC systems.

What Types of Coverage Are Typically Included?

The most common types of coverage included in home warranties are:

• Major appliances, such as refrigerators, ovens, dishwashers, and washing machines
• Plumbing systems, including water heaters, toilets, and sinks
• Electrical systems, including circuits and electrical panels
• HVAC systems, including heating, ventilation, and air conditioning systems

What Are Not Typically Covered?

The following items are typically not covered by a home warranty:

• Small appliances, such as coffee makers, blenders, and toasters
• Maintenance-related costs, such as cleaning or inspecting the home's systems
• Repairs that require a professional plumber or electrician
• Parts and labor for cosmetic repairs, such as painting or repairing walls

Costs of Home Warranty Coverage

The cost of home warranty coverage varies depending on the provider and the specific plans. On average, the annual premium for a basic plan can range from $100 to $500. More comprehensive plans may have higher premiums.

When to Consider a Home Warranty

a home warranty is a good idea if you:

Conclusion

Home warranty coverage can provide financial protection against costly repairs and replacements for major home systems. While it's not a substitute for regular maintenance and upkeep, it can be a valuable investment for homeowners who want to protect their assets and ensure they have the resources needed to make important repairs.