What Is a Home Warranty? - Fridays with Fred

Are you thinking about getting a home warranty for your Southern California home but are not exactly sure what it covers?

A home warranty is a policy that can be purchased at the time of buying a home and even if you own a home right now, you can still purchase this insurance policy.

About the Home Warranty

This annual policy covers many things in your home including appliances like your dishwasher, washer/dryer, furnace, air conditioning system and stove. In many cases, it also will cover your plumbing, roof, and other major parts of your home.

Home Warrant Cost

A typical home warranty policy costs about $300 per year and the cost can go up to $600 per year for more comprehensive home warranty plans.

How to Use Your Home Warranty

Let’s say that your dishwasher stops working; in this case, you will need to call your insurance company first. They will typically charge about $50-$55 to schedule an appointment with a local repair professional to come out to your home to make the repairs to your dishwasher.

Home Warranty Benefits

As a homeowner, what’s great about having a home warranty is that you can have confidence that all of your appliances and most major areas or systems in your home are covered should they break down after you move in.

What’s also great about having a home warranty is that should you decide to sell your home in the future, a home warranty will also be a great selling tool for your agent. They will be able to show buyers that the appliances in your home are protected thanks to the home warranty policy and have been professionally maintained over the years.

Learn More About Home Warranties

To learn more about the importance of the home warranty, or to view homes for sale in Southern California, contact Fred Sed Realty today by calling us at (800) 921-9231 or click here to connect with us online.