Is a Home Warranty Worth it?

Home insurance covers significant pitfalls such as hails, thefts, and fires. However, they do not safeguard your home's major appliances and components. A home warranty is a contract that accounts for replacement and repairs of your furnace, air-conditioner, kitchen appliances, water heater, plumbing, and other electrical appliances.

How much does a home warranty cost?

 

The home warranty comes with different plans. The cost varies according to the type of property and the kind of policy you wish to purchase. The average home warranty coverage costs around $300-600 a year. You can pay it in instalments or a lump sum. You are also required to pay a service fee for each home visit ranging from $50-125 per visit.

 

Why should you buy a home warranty?

• Imagine that after spending fortunes to buy a house, some of the significant appliances stop working. 
• The best home warranty plans act as a sheet anchor against such unpredicted expenses. 
• Every time something covered by a home warranty ceases functioning, and they will send their professional technicians to examine and provide for repairs or replacements.
• If you are unable to provide for an emergency fund or not good at finding contractors, then a home warranty will act as a safety net. 
• Replacing or repairing major items will cost thousands of dollars. The best home protection plan will cost you much less and provide you with peace of mind. 

The home warranty plans are worth the cost. It will save you the time, effort, money, and keep your house and its major appliances excellent.