What is a Home Warranty?
A home warranty is an insurance policy that provides financial protection against unexpected repairs and replacements of costly home systems and appliances. It covers most major components, including plumbing, electrical, HVAC, and roofing, up to a certain limit.
Top Reasons Why Homeowners Should Invest In A Home Warranty
- Financial Protection: A home warranty can save homeowners thousands of dollars in unexpected repair costs.
- Tax Benefits: Home warranties are tax-deductible, which means that homeowners can claim a deduction on their annual property taxes.
- Peace of Mind: With a home warranty, homeowners can focus on their daily lives without worrying about costly repairs or replacements.
- Increased Property Value: Installing a home warranty system can increase the value of the property by making it more attractive to potential buyers if needed.
- Reduced Out-of-Pocket Costs: Home warranties often have deductibles, which means that homeowners pay for the first repair or replacement before they start receiving reimbursement from their insurance provider.