A home warranty is a service contract that covers your household appliances and systems in the case of a breakdown – and it can save you a lot of money when it comes to repairs. Read on to find out exactly how a home warranty could help you save a small fortune.
1. No Surprise Bills
The first thing to know is that while home appliance breakdowns might still happen, they don’t have to be a headache for homeowners. Each year there’s a near 70% chance that something in your home will break down, and every time this happens it can cost you hundreds or even thousands of dollars to repair or replace items. Of course, that’s a large outlay that many households simply can’t afford. By taking out a household warranty you can give yourself peace of mind, knowing that there will be no surprise bills heading your way, and you won’t have to dip into emergency funds or seek out credit.
2. Home Warranties Cover Old Appliances Too
It’s a common misconception that you can only cover brand new appliances with a home warranty. In fact, as long as your old appliances are in good working order when you take out the warranty, then you’ll be able to get them covered as well – which means the warranty will do far more work in keeping you covered.
3. Keep Your Appliances In Good Working Order
Home warranties put a significant emphasis on maintaining your appliances and keeping them in a good state of repair. Indeed, it’s often actually a condition of the warranty that you keep your appliances serviced and in good working order. By doing this, the warranty gives you a major incentive to look after your appliances – which will ensure that they last far, far longer. With the longevity of your appliances assured, you’ll then be saving a significant amount of money in the long run.