What is a Home Warranty?
A home warranty is a service contract that covers major home systems and appliances, typically including the HVAC system, plumbing, electrical, and roofing. It provides financial protection against unexpected breakdowns or failures of these essential components.
Types of Home Warranties
- Mechanical System Warranty: Covers the HVAC system, including air conditioning and heating.
- Plumbing Warranty: Covers the plumbing system, including water heaters and pipes.
- Electrical Warranty: Covers electrical systems, including wiring and circuit breakers.
- Culinary Appliances Warranty: Covers high-end kitchen appliances, such as refrigerators and dishwashers.
Home-Warranted Property Requirements
To be eligible for a home warranty, your property must meet certain requirements, including:
- The property must be owned or leased.
- The property must not be vacant or abandoned.
- The property must not have been substantially damaged by natural disasters or other external factors.
Home-Warranted Costs
Home warranty costs vary widely depending on the provider and the level of coverage chosen. On average, a home warranty can cost between $500 to $1,000 per year.
Home-Warranted Reviews
Read reviews from satisfied customers to get an idea of the quality and service provided by different home warranty providers. Look for companies with high ratings and positive reviews.