A home warranty is an annual service contract that covers the service, repair, or replacement of your appliances and home systems.
One of the first lessons any new homeowner learns quickly is that whatever can go wrong will go wrong. Not only that, but your house will seemingly know when the least opportune moment will be for something to go wrong. That’s when your HVAC system will need new ductwork, or your septic system will back up into your backyard, or your washing machine will break, leaving you unable to do your laundry.
Without home warranty coverage, you might spend hundreds or even thousands of dollars replacing a major appliance or hiring a technician to come out to your home. Not to mention the time it takes to research a technician who is good at their job and won’t overcharge you. You may not know the first thing about fixing an ice maker that has stopped making ice on its own. But for an experienced technician, that’s a quick job that will take less than an afternoon to return to like-new.
The Cost Breakdown of a Home Warranty
A home warranty has two main costs. The annual premium is the amount you pay every month or annually every year, depending on your home warranty company and plan. This amount is owed for the length of your policy, regardless of whether you use the service, or not. Just because you didn’t need your sump pump serviced this year doesn’t mean that you don’t have to pay for your home warranty.
The service fee is like a co-pay. It is paid directly to the technician at the time of service.
The average cost of a home warranty can run you between $25 and $50 a month, or $300 to $600 a year. The standard service fee for a technician to come out to your home, diagnose a problem, and get it fixed is between $75 and $125 per call. For an exact figure to get started on your home warranty, most companies allow you to request a free home warranty quote.
Are Home Warranties Worth the Cost?
The simple truth of the matter is that home appliances aren’t built the way they used to be. They require more upkeep now and regular service to keep them in working order. When neglected, your appliances and home systems can corrode quickly, costing you more money you may not have in the long run.
A home warranty can prevent you from having to pay an arm and a leg out of pocket when something goes wrong.
Choosing Your Home Warranty Coverage
First Premier Home Warranty makes it easy to choose a home warranty plan that will work for you and your household. Choosing the right home warranty coverage saves you time and energy. Rather than researching qualified technicians in your area yourself, First Premier Home Warranty works with only the best expert technicians around the country that you can trust to do their jobs promptly and professionally.
Because they have been in the appliance and HVAC industry for over 30 years, First Premier Home Warranty has seen first-hand just how unreliable new appliances and home systems can be. Because of that, they know just how important it is to protect yourself from this rise in home repairs. Get in touch with First Premier Home Warranty today for information about their comprehensive and customizable home warranty plans.