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The Cost of a Home Warranty in Electra

A home warranty is a type of insurance policy that helps protect homeowners from the expensive repairs that can come with owning a home. Home warranties typically cover major systems and appliances in the home, like the HVAC system, the water heater, and the electrical system. Most home warranty policies also cover major appliances like the refrigerator, the oven, and the washer and dryer.


While the cost of a home warranty varies depending on the coverage you choose and the company you purchase it from, most policies cost between $300 and $600 per year. That may seem like a lot of money, but when you consider how much it would cost to repair or replace some of your home’s major systems or appliances, a home warranty starts to look like a pretty good investment.


For example, the average cost to repair an HVAC system is $1,000, and the average cost to replace an HVAC system is $5,000. The average cost to repair a water heater is $600, while the average cost to replace a water heater is $1,200. And if your electrical system needs major repairs, you could be looking at a bill of several thousand dollars.


So, if you’re considering whether or not to purchase a home warranty, weigh the potential costs of repairs and replacements against the annual premium you’ll pay for the policy. In most cases, it’s worth it.


5 Benefits to a Home Warranty

When something in your home breaks, it can be a major inconvenience. Not only do you have to find a way to fix the issue, but you also have to come up with the money to pay for the repairs. A home warranty can help alleviate some of that stress by providing protection for your home’s major systems and appliances.


Here are five benefits to having a home warranty:

  1. Save Money on Repairs

Home warranties can save you money on repairs because they cover the cost of parts and labor for many common issues. For example, if your refrigerator breaks down, the warranty will likely cover the cost of repairing or replacing it.


  1. Get Help from Qualified Technicians

When you have a home warranty, you can get help from qualified technicians. The warranty company will send a technician to your home to diagnose and fix the problem.


  1. Avoid Costly Surprises

Homeowners insurance typically doesn’t cover repairs or replacements for things like appliances or HVAC systems. A home warranty can help avoid costly surprises by providing coverage for these items.


  1. Peace of Mind

A home warranty can give you peace of mind knowing that you’re covered in case something goes wrong with your home. For example, if your furnace breaks down in the middle of winter, you won’t have to worry about how you’re going to pay for the repairs.


  1. Flexible Coverage

Home warranties offer flexible coverage options so you can choose the plan that’s right for you. For example, you can choose to have only your major appliances covered, or you can opt for a comprehensive plan that covers everything from your HVAC system to your plumbing.


A home warranty is a great way to protect your home and save money on repairs. Be sure to shop around and compare plans before choosing one.


What is the Difference Between a Home Warranty and Home Insurance? 

If you’re a new homeowner, or even if you’ve owned your home for a while, you may be wondering what the difference is between a home warranty and home insurance. Both are important to have, but they serve different purposes.


Home insurance protects your home from damage caused by fires, storms, theft, and other disasters. It will also cover you financially if someone is injured on your property. A home warranty, on the other hand, covers repair and replacement of major home systems and appliances when they break down due to normal wear and tear.


So, which one do you need? The answer is both! Home insurance is essential for protecting your investment in case of an unforeseen disaster, while a home warranty provides peace of mind by covering the cost of repairs and replacements of common household items.


Don’t wait until something goes wrong to find out you’re not covered. Contact your local home insurance agent today to get a quote, and be sure to ask about adding a home warranty to your policy. It’s the best way to protect your home and your wallet!


How to Buy a Home Warranty in 5 Steps

A home warranty is an insurance policy that covers the repair or replacement of home systems and appliances. Warranties are usually offered by home builders or sellers as an incentive to purchase a home, but they can also be purchased separately. Home warranties typically cover repairs for a set period of time, usually one year. Before you purchase a home warranty, there are a few things you should keep in mind. 


Here are five tips for how to buy a home warranty:

  1. Know what’s covered. Read the fine print of any home warranty you’re considering to make sure you understand what’s included and what’s excluded. Most home warranties will cover major appliances like refrigerators, dishwashers, and ovens, as well as systems like heating, air conditioning, and plumbing.
  1. Ask about pre-existing conditions. Some home warranty companies may not cover repairs for pre-existing conditions. If you’re buying a home that’s already been lived in, be sure to ask the home warranty company if they have any exclusion for pre-existing conditions. 
  1. Compare prices. Home warranties can vary greatly in price, so it’s important to compare plans and get quotes from multiple companies before you make a decision.
  1. Choose a reputable company. When you’re choosing a home warranty company, be sure to research their reputation and read reviews from past customers. You want to make sure you’re working with a company that has a good track record of providing quality service. 
  1. Read the contract carefully. Once you’ve chosen a home warranty company, be sure to read the contract carefully before you sign anything. Pay close attention to the coverage limits and any exclusions that may apply.

A home warranty can be a valuable asset when you own a home. By following these tips, you can be sure you’re getting the right coverage for your needs.