What Is a Home Warranty & How it Can Save You Lots of Money

If you’ve purchased a home or are on the market for one, someone will mention the need for a home warranty policy.

The big questions though are what they cover and whether or actually not you need one. We’re here to help you decide the answers to these questions.

A home warranty is essentially an insurance policy that covers your home. This policy is not to be confused with homeowners insurance.

What Is a Home Warranty?

Home warranties can cost hundreds of dollars annually and often must be paid in full. Some companies offer payment plans to spread out the expense.

How Much Does a Home Warranty Cost?

– Best Overall: American Home Shield – Best Basic Plan: Choice Home Warranty – Best Value: Select Home Warranty

The Best Home Warranty Options

A plan purchased when you first buy a new home can be beneficial because it can provide a buffer to fixing common problems that may arise.

Pros of Having a Home Warranty Plan

If a warranty doesn’t cover the problem that needs fixing or doesn’t cover the total cost, then you are also paying out of pocket.

Cons to Home Warranty Protection

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