One of the many facets often associated with homeownership is purchasing appliances and getting them repaired when
necessary. This can be expensive, so having a home warranty can be of great help. 

What is a home warranty? 

A home warranty is a contract offering financial coverage for appliances and systems within the home in the case of
damages. The contract is for a set a short period of time, often one year, and can be renewed. 

It’s standard for home warranties to have a deductible which is the amount paid out of pocket before coverage kicks
in. 

What does a home warranty cover? 

After an assessment report is done to examine the damage to an appliance or system and the home warranty company
approves the damages fall under the contract, repairs or replacements can be issued. 

Appliances often covered under home warranty contracts include: 

• Refrigerators.
• Washing machines.
• Stoves.
• Dishwashers. 

Many home warranty companies offer customizable packages, so you can build coverage for your needs – for example, if
you just wanted to cover one major appliance over the other. 

How much do home warranties cost? 

Annually, home warranties cost about $400 to about $1000. Basic plans with standard appliances and system coverage
with a higher detectable is cheaper, but you’ll pay more out of pocket if you need to use the policy. 

Having a home warranty can financially offer protection in the case of the unexpected happening, so consider speaking
with your local home insurance provider to find a plan that works best for your household.