If you’re new to homeownership or thinking about buying, little may seem more horrifying than the thought of moving into your new home and your washer/dryer unit, fridge, and air conditioner breaking down all at once!
That’s where a home warranty comes in handy. Homeowners insurance covers from damage caused by events like fires, storms, floods, or other accidents. A home warranty covers repairs on appliances and systems sans disaster, items such as electrical systems, plumbing systems, heating and cooling systems, washer and dryer units, and kitchen appliances.
Cathie Ericson writes via realtor.com that the cost for a home warranty can vary between $300 and $600, depending on the coverage and whether or not the homeowner has a swimming pool or an external well.
In the event something breaks, you just give your provider a call and they direct you on what to do from there – sometime this means them connecting you with a contractor in your area and paying a service call or a deductible.
For more on home warranties, check out this blog.