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Beginner Guide to Homeowner Repair Insurance

Real Estate Agent with eXp Realty DRE# 01997670

While homeowner repair insurance provides coverage for significant hazards like fire and hail, it does not cover specific objects if the damage is caused by regular use. Unlike other conventional insurance, homeowner repair insurance is a stand-alone policy that can fill in some of the coverage gaps left by a typical policy. It should be noted that home repair insurance is not necessary for every homeowner; in fact, some California real estate may already have coverage without even recognizing it.

Homeowner Repair Insurance Definition and Function

Homeowner repair insurance, often known as home warranty or home maintenance insurance, is an optional policy that covers homeowners against the wear and tear that occur to realty Fresno home systems and appliances due to normal usage. A conventional homeowners insurance policy does not typically include coverage for California real estate upkeep, which is why it is called homeowner maintenance insurance. 

Consider this: If your air conditioning is having technical problem, your available home insurance will cover the costs. However, ordinary insurance would not.

The companies that provide house guarantees are frequently small in size, and they are not well-known national corporations such as State Farm or Farmers Insurance. According to the insurer, the amount of coverage you receive from your realty Fresno repair insurance can vary significantly. The following are some of the most often discussed items:

  • Mechanical devices in your home, such as ceiling fans, are examples of this.
  • Drains, sinks, faucets, and pipelines are all examples of indoor plumbing.
  • The majority of appliances, including washing machines, refrigerators, washers, dryers, dishwashers, and microwaves, are made of plastic or metal.
  • Wiring systems, which include electrical and cable lines, are referred to as
  • Equipment for heating and cooling, such as air conditioning units and furnaces

Homeowner repair insurance help home maintenance

Home repair insurance policies have specified monetary restrictions for particular objects covered under the policy. For example, a corporation may impose a $1,500 limit on the purchase of washing machines. As a result, even if your washing machine is worth more than $1,500, your coverage for washing machine repair or replacement will not exceed $1,500.

If your insurance's limitations are too low, you'll be responsible for the difference between what your policy covers and the cost of the repairs or replacement you'll need. Most firms have varying coverage limits for different things when it comes to insurance policies, so it's essential to read the fine print before acquiring one, especially for California real estate.

How to File a Claim

When something covered by your home repair insurance coverage fails, the first thing you should do is contact the insurance company that issued the policy to report the problem. The majority of companies will put you in touch with a prescreened contractor in your neighborhood. After that, the contractor will come to your home and inspect the situation. The item will be fixed or replaced if it meets the criteria for coverage under your policy, as long as the cost of doing so does not exceed the limitations of your approach.

Do I Need Homeowner Repair Insurance?

Take an inventory of all of your major appliances and systems, as well as their ages, to determine whether you require home maintenance insurance. Then, according to the International Association of Certified Home Inspectors, compare the periods of the most expensive things and systems in your home to the typical life expectancies of those goods and systems.

If a significant portion of your most expensive appliances and systems are nearing the end of their useful lives, you should consider purchasing California real estate. To be clear, this is assuming you have meticulously documented the systems and appliances in your home.

If you do not have any idea about this, you can go to Realty Fresno. Some of the most common appliances and systems are listed below, along with the expected life spans for each of them:

Appliance or Unit

Life Expectancy

Air Conditioner (central)

Ceiling Fan



Gas Oven

Electric Range


Washing Machine


Microwave Oven

Seven to 15 years

Five to 10 years

15 to 25 years

Nine years

10 to 18 years

13 to 15 years

Nine to 13 years

Five to 15 years

13 years

Nine years

If your realty Fresno appliances and systems are on the more recent side, it's probably best not to get insurance. Typically, new homes are sold with a one-year warranty attached to them. Household appliances, on the other hand, are often excluded from coverage under these warranties. The guarantee on a new home would cover heating, air conditioning, and electricity systems but would not protect appliances such as the dryer, microwave, or oven (for example). New homeowners should consider whether the expense of home repair insurance is justified solely by the cost of repairing or replacing broken appliances.

How Much Does it Cost?

Like homeowners insurance, the cost of homeowner repair insurance varies greatly. Basic coverage, which simply covers appliance repairs and replacement, is roughly $300 per year.

Premium policies can cost up to $600 per year but cover more goods like pools and hot tubs. Many businesses also let you construct your policy, so you may pick and choose what you want covering and what you don't.

Most home repair insurance contracts are renewable for 12 months. Companies usually accept one-time or monthly payments. A service fee is charged in addition to the annual price. Fees range from $50 to $125 peruse. A higher per-use fee will result in a reduced yearly cost, and vice versa.

Old House Repair Insurance

The most significant disadvantage of homeowner repair insurance is that most providers need regular maintenance to maintain units eligible for repairs and replacement. A failure to replace water hoses every six months, for example, would forfeit coverage.

This may not be an issue for new realty Fresno owner, but it may be for buyers of older homes. Most homeowners cannot show documentation that previous owners performed routine maintenance on their home's equipment or systems.

Ask past owners for records of upkeep, home upgrades, and significant appliance manuals. For example, if the previous owners cannot provide paperwork for the realty Fresno systems and big appliances, you may end up paying for coverage but not receiving repairs or replacements. Enquire about routine maintenance of the home's most expensive equipment and systems.

Regardless, you should now keep a home maintenance diary with all of the above details. This will help you get future home repair insurance and use it. Also, Realty Fresno will help you if you have any confusion. Maintaining a complete inventory of your home's belongings may also be valuable in the event of a homeowner's insurance claim.

Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

It does pay to do your homework before purchasing home owner's insurance. Thanks for sharing the information.

Oct 18, 2021 09:13 AM
Linda Peltz

Yes correct, glad you find the information helpful. Wish we could talk and discuss about this soon!

Oct 20, 2021 12:05 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

Dec 08, 2021 06:52 AM