A home warranty is a service contract designed to cover the repair or replacement of major home systems and appliances that fail due to normal use. Unlike homeowners insurance, which specifically targets sudden incidents like fires or storms, a home warranty addresses problems arising from everyday wear and tear. Typically costing between $300 and $700 annually, with additional service fees, a home warranty can cover essential items like HVAC systems and dishwashers. Understanding the details of a home warranty is crucial for homeowners to mitigate unplanned repair expenses effectively.
A home warranty is a service contract that helps pay for repairing or replacing major home systems and appliances when they fail due to everyday use. Unlike homeowners insurance, which covers sudden events like fires or storms, a home warranty focuses on problems that arise over time from normal wear and tear.
A home warranty usually costs between $300 and $700 per year, depending on the level of coverage and the provider, plus a service fee for each repair request.
Common coverage includes HVAC systems, major appliances like dishwashers, and other essential systems you rely on every day. Coverage varies by provider and plan.
A home warranty can be a helpful way to manage unplanned repair costs, assisting homeowners in handling unexpected breakdowns without significant financial strain.
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