You’ve got a home now, and it’s a big investment. So of course you are protecting your investment with home insurance. But is your home totally protected? Maybe not. You might consider adding a home warranty. Think of a home warranty as a partner to home insurance. Home insurance protects you against damage to your property and your home’s structure, in a case like fire or theft. But what about when your air conditioner stops working in the middle of July? Or when your dishwasher floods the kitchen? That’s where a home warranty can come in handy.
Home warranties are a type of service contract that offers access and preferred pricing to many different types of approved service companies, for a monthly or yearly fee. On top of the yearly warranty contract fee, you’ll pay a fixed price for any service call — whether its your water heater or your electricity. These service fee, and coverage limits on specific systems and appliances will vary depending on which warranty company you choose.