Benefits of a Home Warranty

Your home is one of your biggest investments. Unexpected repair or replacement costs can easily strain your budget. Plus, finding a qualified professional to solve your problem can be stressful and inconvenient. A home warranty cannot prevent systems or appliances from breaking down, but it can help make covered repairs or replacement quicker and less costly.

Let’s walk through the basics of home warranties and see what the benefits are of getting one.

What is a home warranty?

A home warranty is a service contract that covers the repair or replacement of certain home systems and appliances.

Home warranty vs. home insurance. What’s the difference?

A home warranty protects your home’s appliances and systems from issues caused by normal wear and tear. For example, a dishwasher that has finally broken down due to age. A home insurance plan affords protections for things like structural damage caused by unexpected events like weather damage or fire.

To learn more about home insurance, visit Stewart Insurance to get more information.

What does a home warranty cover?

Your home systems and appliances won't last forever. In fact, the average life expectancy of seven critical home systems and appliances is 11 years, according to the International Association of Certified Home Inspectors. You can help protect yourself against many of these financial risks with a Stewart home warranty, which:

Covers most home systems and appliances (home appliances, electrical systems, heating, and cooling systems, plumbing system, and in some cases, other items like a doorbell or garage opener).
Helps pay for repair or replacement of any covered item that breaks down due to normal wear and tear.
Can save you much of the expense, time, and frustration of dealing with unexpected covered repairs.

Who pays for a home warranty during the home buying process?

There is no rule set in stone regarding who pays for a home’s warranty. However, as a home seller, it could give your property value and lend peace of mind to the home buyer if the home’s appliances and electrical/plumbing systems are protected when they move in.

How much does a home warranty cost?

Most home warranty costs range from $45 - $75 a month. Each repair has a service fee that ranges from $50-$100 per visit.

For those interested in getting a home warranty, email homewarranty@stewart.com to learn more and get a quote.