Home Warranties: Are They Worth It?
It’s often the first question that comes to mind whenever someone is introduced to the concept of a home warranty: “Are home warranties worth it?” It’s a legitimate question, but to find the answer, you first need to understand just what a home warranty does, what distinguishes a home warranty from “homeowner’s insurance,” and most importantly, what the benefits of a home warranty include. What’s a “home warranty?” A home warranty, often referred to as a “coverage plan,” “protection plan,” or “service contract,” defends homeowners against sudden major appliance and home system breakdowns. When you have a home warranty and something goes wrong, your plan will help you get covered items repaired or replaced by a qualified contractor.
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