Ought to I Purchase an Annual Residence Guarantee?

Many people confuse a home guarantee for a home insurance. That's not the case!

While home insurance can cover loss, destruction, theft, or disaster, a home warranty covers repair and replacement of equipment and home systems. However, a good home warranty service can help save you big bucks. Looking at the reviews of home guarantee companies will help you choose a good home guarantee service.

How much do household guarantees cost and what options are available?

Typically, the cost of a home warranty can range from $ 220 to $ 1,700. With more coverage for home systems such as plumbing, electrical, heating, and air conditioning, prices rise. The prices are also higher for covering more and more devices. In addition to the provision fee, there are also service fees. Whenever a technician or supervisor visits, a fee of $ 60 to $ 100 must be paid. It's not bad business, however, as a covered system or device can only be repaired for this fee, regardless of the actual cost.

Without a home warranty, a household can pay about $ 2,000 to $ 10,000 more for average household repairs and expenses. It is therefore recommended that you commit to good service. A home warranty service can be billed both monthly and annually. An annual house guarantee is recommended, which reduces the net cost over the entire contract period. The annual fees are usually less than the total monthly fees for 12 months.

Average cost of repairing home systems and devices

According to surveys, the average household spends around $ 200 on appliances, $ 1,200 on water heaters, $ 8,000 on a gas stove, and $ 10,000 on central air conditioning repairs. An annual house guarantee can significantly reduce this effort, as you only have to pay the annual fee and the service fee. People can point out what if they don't have a problem in their home? In such cases, the home guarantee fee payment is indeed extra. However, nobody can say whether a device will break or not. With a house guarantee you are at least reassured.

When is an annual house guarantee required?

For some people, an annual home warranty should be a must. This includes buying an old home or realizing that home appliances might not last long after being inspected. In such cases, it is highly recommended that you obtain an annual household guarantee as this will cover the cost of repair or replacement of the home systems and devices. In such cases, a home guarantee should only be considered after looking at the home guarantee company's reviews. Also, the terms and conditions of the service should be carefully checked.

When is an annual house guarantee optional?

If a house is built from scratch, the builder usually gives a guarantee on workmanship and materials. This includes cooling systems, plumbing and heating systems over a longer period of time. Receiving an annual house guarantee does not bring any benefit to the owner in such cases. For some household appliances, there is also a manufacturer's guarantee when purchasing a new one. If the home appliances are still within this warranty period, no additional payment is required for household warranty coverage.


Consider all of the terms and conditions before committing to an annual home warranty service. Be sure to read the reviews of home warranty companies to get a good idea of ​​their services. Please read their terms and conditions and understand their coverage policy. This way you avoid unnecessary additional premiums.

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