When it comes to home warranties, there are a lot of things to consider. What does a home warranty cover? How much does it cost? Is it worth the investment? In this blog post, we will answer all of your questions about home warranties and provide you with everything you need to know in order to make an informed decision about whether or not a home warranty is right for you.

How much does it cost?

The cost of a home warranty varies depending on the coverage you choose and the provider you use. Most home warranty plans start at around $300/£260 per year, but the price can increase to over $1,000/£865 per year for premium coverage. So, to determine what your home warranty cost per year will be, you need to decide what type of coverage you want. You can then compare prices from different home warranty companies. For example, if you want it to cover only major systems and appliances, then you can expect to pay on the lower end of the spectrum. 

However, if you want comprehensive coverage that includes things like your HVAC system, pool, spa, and more, then you can expect to pay on the higher end of the spectrum.

What does it cover?

Home warranty coverage varies depending on the plan you choose. Most home warranty plans cover major systems and appliances, such as your furnace, air conditioner, electrical system, plumbing system, dishwasher, oven, etc. Some home warranty plans also offer coverage for things like your pool, spa, washer and dryer, refrigerator, and more. In order to determine what is covered under your home warranty plan, you will need to read the fine print of your contract or speak to a representative from your home warranty company.

How is it different from home insurance?

Home insurance protects your home from damages caused by events that are out of your control, such as fire, theft, and weather. Home insurance does not cover damages that occur due to normal wear and tear. A home warranty, on the other hand, covers damages that occur due to normal wear and tear. So, if your boiler breaks down due to normal wear and tear, a home warranty will cover the repair or replacement costs. However, if your furnace is damaged in a fire, home insurance will cover the repair or replacement costs.

Who needs a home warranty?

A home warranty is a good idea for anyone who wants peace of mind knowing that their home systems and appliances are covered in case something goes wrong. A home warranty is especially beneficial for those who live in an older home, as the chances of something breaking down are much higher. It can also be a good idea for those who have recently purchased a new home, as it can help to offset the costs of any repairs or replacements that may be needed during the first few years. You’ll also need it if you’re selling your home, as most home buyers will want to see that there is a home warranty in place.

How do I choose a home warranty company?

There are a few things you should consider when choosing a home warranty company. First, you need to make sure that the company offers coverage for the systems and appliances that are most important to you. Second, you need to compare the prices of different home warranty companies and make sure you are getting a good deal. Third, you need to read the fine print of the contract and make sure you understand what is covered. Finally, you should speak to someone from the company to get a feel for their level of customer service.

These are just a few things to keep in mind when choosing a home warranty company. Whether or not a home warranty is worth the investment is a decision that you will need to make based on your specific needs and situation. For some people, a home warranty is an absolute necessity. If you live in an old home, have a lot of expensive appliances, or simply want the peace of mind that comes with knowing you are covered in case something goes wrong, then a home warranty may be worth the investment.

However, if you live in a new home with few major appliances, then you may not feel that a home warranty is necessary. Ultimately, the decision of whether or not to purchase a home warranty is up to you.