Frequently Asked Questions About Home Warranties

Home Warranties can cover Garage door openers, Clothing dryers, Refrigerators, Microwave ovens, Garbage disposals, Ovens, Ceiling and exhaust fans, Clothing washers, Swimming pools, Air conditioning, Plumbing, Water heaters, Solar panels, Thermostats, Coffee machines, Cell phones, Tablets, Televisions, Computers and more

Home warranties are priced annually and vary depending on the company you chose, the number of appliances and systems you would like to cover, and also based on your location. They range at around $370-$800/year. The best option when it comes to choosing the right plan is to talk to your home warranty consultant in order to get an exact cost.

A home warranty deductible is a price you pay for a service call. For example, if your refrigerator breaks down then you would need to call a contractor to come to fix it. If you have a home warranty then you would call the home warranty provider that would in turn send a licensed contractor to inspect the refrigerator. For every service call like this, you will need to pay a deductible. Usually, there are no more additions on top of that.

Yes. A home warranty can be canceled at any time usually with a 30-60 day notice policy that should be attached to your legal agreement.

No. First, the home warranty company would send you a contractor for a service call. If you are unsatisfied with that contractor, then you would be able to choose your own.

The coverage time for home warranties is for a 12 month period and should be renewed at the end of every 12 month period.

Yes. If you have tenants and you want to save yourself the time and money of servicing their repairs then the ideal option for you is to have a home warranty. In fact, you can put the tenants in touch directly with the home warranty company.

There is no guarantee about how much money you can save from having a home warranty. However, the average consumer saves around $1,500 on home repairs if they have a home warranty.