Planning On Getting A Warranty Plan For Your Home? Here Is What You Should Know

Planning On Getting A Warranty Plan For Your Home? Here Is What You Should Know

When you buy a new home, you’ll probably be offered a home warranty. Most people choose insurance instead of a warranty. Unfortunately, insurance doesn’t cover everything – which is where a warranty comes into play.

A warranty can be a safety net against expensive repairs. There’s a strong chance that at some point during your time as a homeowner, you will encounter a problem that needs to be repaired. If you have a warranty, you won’t have to pay for it yourself.

In this article, you will find out everything that’s worth knowing about home warranties:

What Is A Home Warranty?

As we mentioned in this article’s introduction, a home warranty is not the same as home insurance. Home insurance covers your home against fires, crime, and types of damage that could compromise your home’s structure or destroy your belongings.

home warranty program, on the other hand, helps you to save money on expensive repairs and can provide replacements for things like your furnace, electrical system, plumbing system, and HVAC system.

A home warranty can also cover appliances, such as refrigerators, washers, dryers, and your oven. In most cases, insurance doesn’t cover any of these things. It does not cover the cost of fixing them, either.

You are usually offered a home warranty when you first purchase your home, although you can still purchase a home warranty after closing. Home warranty companies typically have partnerships with home service providers and contractors. This is why warranties are an incredibly convenient thing to have because you never have to worry about finding or paying for a contractor.

How Much Does a Home Warranty Cost?

If you’re interested in purchasing a home warranty, then you probably want to know how much they typically cost. Well, this varies upon the provider and the size of the house that you’re taking a warranty out on.

For the most part, they cost around several hundred dollars a year, which is paid either up-front or in installments. Unlike with home insurance, a home warranty does not become more expensive as the property gets older. It does not increase with the size of the property, either (unless it is larger than 5,000 square feet).

A common misconception about home warranties is that people who hold them never have to pay for their home’s repairs. This is untrue. Unfortunately, some problems can’t be covered by warranty, either because the person didn’t pay for their coverage or because the company didn’t offer them coverage for it. This is usually why it’s good to have insurance and a warranty, so you are covered from two sides.

If you’re going to take out a home warranty, then it’s in your best interest to set out a plan and know exactly which products you are going to cover. If you’re strategic, then you should be able to cover more or less everything that isn’t covered by your insurance company.

Any products that aren’t covered should ideally have their own warranties, provided by their manufacturers. By doing all of this, you can cover virtually everything you own and ensure that you never find yourself out of pocket.

What Are the Benefits of a Home Warranty?

A home warranty can protect a homeowner from expensive repairs, unforeseen disasters, and general stress. They’re particularly useful for homeowners who don’t have savings or have their money tied up in investments.

They’re also very useful for homeowners who don’t have the practical knowledge required to make their own home repairs. If your appliances are particularly expensive, then warranties are a good idea, because instead of having to pay thousands for new appliances, you can have them replaced for free.

Other benefits of a home warranty include:

beautiful living room

Finding Servicemen

uuid-in-package:369c9e6e-f5e4-4d16-909f-4d16f5e4369cc4c9f9b9 984d 476a b660 c8484402657f

Instead of having to search high and low to find a contractor to come in and repair your appliances, you can leave it to the company that you took your warranty out with. This saves you a lot of time and a lot of money.

Your warranty provider will have their own quality repair service, that will be dispatched to inspect and replace your goods (if necessary). If no replacement is required, then they will send out a professional technician who will fix the damaged appliances, items, or goods.

First-Time Property Owners

If you’re a first-time property owner, then you can benefit tremendously from a warranty. All homes experience problems, as we mentioned earlier. First-time property owners often overlook the costs associated with them, because they are used to renting (and their landlord handles repairs for them).

At some point, your plumbing, electrical, or HVAC systems will go on the fritz. Most first-time property owners have already spent a huge amount of money on their deposit and mortgage payments, so don’t have the disposable income required to make repairs. A warranty will cover all of this, saving them money, time, and a lot of stress.

uuid-in-package:e7fdf07b-9ec5-0a3a-f0fa-0a3a9ec5e7fd3ea82aae e09c 4e23 a9c8 bf95eabee5b3

24-hour Service

One of the main benefits of a warranty is 24-hour service. If you didn’t have a warranty, then you would have to wait until you had the money to make a repair or until you could find an affordable tradesperson.

When you have a warranty, you can call your warranty company at any time of the day, and they can dispatch somebody to come and look at your appliances or items for you. This around-the-clock service gives you value for money and the satisfaction of knowing that you’ll never be alone.


It’s impossible to predict when a disaster will strike. Home warranties provide the satisfaction of knowing that you’re always covered, whatever disaster comes your way. For people who are prone to anxiety and worry, warranties are a great solution.

You don’t have to leave your house every day fearing that it might not be there when you get back or that an accident could happen. You can leave satisfied that you’re completely and totally insulated against disaster.

uuid-in-package:98981a55-b869-238c-1b30-238cb86998980fcf5a4f 7425 4cb0 8917 9348fd259d08

If you’re intending on getting a home warranty, then it’s important that you do your research. To save you time and trouble, we’ve included all of the information that you need to know about warranties in this article. Make sure to study them extensively before you commit to taking out a warranty.

Russell Jones

VP of Operations @ Phyxter and Home Improvement Specialist

About our blog

Phyxter (pronounced Fix-ter) is a national home services brand specializing in Residential HVAC, Electrical and Plumbing solutions.

Phyxter is laser-focused on writing the best articles and guides to empower homeowners to get the best out of their homes.

We hope you enjoy it!

Looking for something?

Join our Newsletter!