Today, we’ll show you the potential home warranty cost when you purchase from 2-10 Home Buyers Warranty (2-10 HBW). As an industry leader, we want to give you the best information possible so you can make the best decision possible for your home and budget. If you’re new to Home Warranty Service Agreements (which is the formal name for a home warranty), read our article about what it is.
So, how much does a Home Warranty Service Agreement cost?
Between $250 and $900 a year for base plans.
We can only speak for ourselves, but generally, a Home Warranty Service Agreement costs between $250 and $900 a year.
This range is for base plans. At 2-10 HBW, these plans include Simply Kitchen, Complete Home, and Pinnacle Home.
A plan like Simply Kitchen—which covers major appliances like your dishwasher and refrigerator—could cost as little as $19 a month and provide budget-saving protection against breakdowns to appliances.
A plan like Pinnacle Home—which can cover home systems like your plumbing and water heater, electrical system, and air conditioner or HVAC; along with appliances like your washer and dryer, among others—would cost more because it protects more.
You can also add coverage options—like Roof Leak protection—which can give you more coverage for a little more money.
What would breakdowns cost me if I didn’t have a home warranty?
We’ll start with the tricky part: Different regions have different costs. However, here’s a general idea for the average costs to repair or replace major breakdowns for a few major home systems and appliances.
Average costs to address breakdowns
|Repair^||Replacement†||With 2-10 HBW, as low as*|
|Air conditioning unit||$425||$3,315||$85|
^Based on estimated average retail cost of replacement and observed claims experiences of 2-10 HBW customers, 2019. Costs in your area may vary.
†National averages based on data collected in November 2021. Costs in your area may vary.
*Service Fee per approved claim. See Service Agreement for all coverage details, limitations, and exclusions.
In short, a Home Warranty Service Agreement could pay for itself after just one breakdown! Plus, it can help blunt the effect of larger, more unexpected costs, giving you a budgetary safety net.
Why do I need this if I have homeowners insurance?
The coverage you get from homeowners insurance usually doesn’t overlap with coverage you get from a Home Warranty Service Agreement.
Homeowners insurance might cover damage from weather or losses from theft. But it won’t cover the costs of routine breakdowns to your systems and appliances. A Home Warranty Service Agreement can cover the costs of routine breakdowns, but it won’t cover damage caused by weather, misuse, or abuse.
In other words, a Home Warranty Service Agreement provides additional coverage and peace of mind, working with your homeowners insurance to help you protect more and pay less.
Speaking of protecting more and paying less, be sure to visit out sister company, 2-10 Insurance, for a free home insurance quote.
So is this like a manufacturer’s warranty?
A manufacturer’s warranty generally covers one item for a set time (usually a year). When it expires, you’d need to purchase an extended warranty to protect that one item, if that’s an option at all. With so many items in your home, that could be a lot of money and a lot of tracking for you.
A Home Warranty Service Agreement can cover multiple systems and appliances within the same Agreement. So right away, you can cover more with a Home Warranty Service Agreement.
Another big difference is in who can use each kind of coverage. Manufacturer’s warranties only apply to the person who originally bought the covered item. In other words, unless you bought the item yourself, the manufacturer’s warranty doesn’t apply to you.
On the other hand, a Home Warranty Service Agreement is transferable. So, if you bought a house from someone who had a Service Agreement from 2-10 HBW, they could transfer it to you, and you could use it.
Finally, age doesn’t matter to a Home Warranty Service Agreement. As long as a Covered Item works before you start your Service Agreement, age isn’t an issue.
2-10 HBW offers the most comprehensive Home Warranty Service Agreements for homeowners. Let us help you protect your home.