Is a home warranty worth it?
Did you know you have tens of thousands of dollars of home systems and appliances that are not covered for normal wear and tear by your homeowner's insurance? Most new systems and appliances carry a 1-5 year warranty at most. If your home systems and appliances are older than a few years, you could face huge repair and replacement expenses for big ticket items like your air conditioner, furnace, plumbing repairs, electrical issues, or a water heater failure. A home warranty protects your home and budget from these inevitable break downs.
Homeowners spend an average of 1-4% of their home value on home repairs every year
If your home is worth $200,000 you should expect $2,000 to $8,000 a year in home repair expenses according to the NAHB (National Association of Home Buyers). At an average cost of $450 a year, a home warranty not only helps protect your budget, it also provides you with quick and reliable technicians to do the work.
The longer you carry a home warranty, the more it pays off
In the example below you could save up to $3,200 on just your A/C unit. Imagine all of the other home systems and appliances that would also be covered, repaired or replaced by your Home Warranty over the years.