Home Warranty

What Does a Home Warranty Cover?

Joe Schwartz

Home Warranty Editor

Whether you’ve just bought a new home or you’re looking for a way to save money on repairs, a home warranty can make a lot of sense for your wallet in the long run. But what does a home warranty actually cover? Let’s take a look at the basics for a solid home warranty plan and which plan makes the most sense for you.

Rather than pay thousands of dollars repairing or replacing home systems and appliances every time something breaks, a home warranty plan gives homeowners the option to pay a flat fee monthly, semi-annually, or annually. Pricing and coverage for plans depend on the home warranty provider. Often, companies will provide options for homeowners to choose a plan that makes the most sense for their needs and budget.

Typically, a home warranty plan will cover two categories of home repairs: systems and appliances. Commonly covered systems include things like air conditioning, electrical, and plumbing. Meanwhile, home warranty plans also cover household items like ovens, clothes washer, clothes dryer, dishwasher, and cooktop.

Depending on the company, some home warranty plans like Choice Home Warranty cover a mix of common systems and appliances. In addition, home warranty companies may also offer customized plans with add-ons that include things like pools, spas, a second refrigerator, well pump, stand-alone freezers, septic systems, and others.

What Happen When Something in my House Breaks?

Now, let’s say you’ve purchased a home warranty plan, and something in the house breaks, like a washing machine or fridge. Many home warranty plans offer 24/7 support so you can call them immediately and within a few days they will send a repairman to come have a look at the problem. Home warranty plans usually require their customers to pay a fee for each repair, which can range from $60 up to $150.

Benefits of a Home Warranty Plan

Between our busy schedules, the last thing anyone needs is to deal with the hassle of home repairs, especially to fix something crucial like plumbing or a refrigerator. A quality home warranty plan relieves the stress of worrying about what to do, plus saves money in the long run.

• A home warranty plan means that help is just a phone call away. Under your plan, you know that you only have to pay a pre-agreed upon fee that won’t break the bank. After all, replacing home systems and appliances can come at a hefty price.

• Not only does a home warranty provide peace of mind, but it saves a lot of time and money. Unexpected repairs can interrupt a budget big time. If the system or appliance requires a repair or full replacement, a home warranty plan will cover the expenses.

• Home warranties don’t just help homeowners. Sellers who have listed their house for sale can also benefit. In addition, real estate professionals can purchase a home warranty to help sell homes. Purchasing a home warranty plan helps to attract buyers and sell a house faster and closer to the asking price.

Weighing the costs, a home warranty makes a lot of sense for homeowners, sellers, and real estate agents alike. A quality home warranty ensures that any covered systems and appliances will get fixed right away without breaking the budget.

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