Home ownership is generally great. But a downside to home ownership is addressing breakdowns to important home items. In fact, one of the major sources of buyer’s remorse is the cost of maintenance and other expenses. Let 2-10 Home Buyers Warranty (2-10 HBW) show you some of the most common and expensive breakdowns to address.
1. Heating and cooling breakdowns
Average replacement cost: $7,000+*
Heating and cooling breakdowns are among the most expensive to address. On average, it could cost more than $7,000 to replace both systems. Even worse, there are some additional caveats.
First, these numbers are just averages. Anecdotally, the costs could be much higher. Consider the experience of a homeowner who suffered a furnace breakdown in the dead of winter and didn’t have a 2-10 HBW Home Warranty Service Agreement (home warranty).
Our HVAC system was about 20 years old, so we knew it was only a matter of time. But when the furnace finally broke down, we figured that we might as well replace the whole system. At the end of it all, we paid just under $15,000 out of pocket for a new furnace and air conditioner. -Jack P., Denver
Second, when one portion of your system breaks down, the other portion usually isn’t far behind. That can lead to higher costs than expected.
With a 2-10 HBW Home Warranty, you could pay under $100 per claim to diagnose and address heating and cooling breakdowns.
2. Refrigerator breakdowns
Average replacement cost: $1,370
Homeowners have been using their refrigerators much more over the past two years. More use means an increased likelihood of breakdowns. The average cost to replace a refrigerator is over $1,300.
Fortunately, a 2-10 HBW Home Warranty can cover refrigerator breakdowns. For a small Service Fee, you could have your refrigerator up and running again.
3. Oven breakdowns
Average replacement cost: $1,725
It may be surprising, but oven breakdowns can cost up to $1,725 on average. 2-10 HBW has put together some steps you can take to keep your oven running well.
However, when your oven breaks down despite your best efforts, 2-10 HBW can help. A 2-10 HBW Home Warranty can cover your oven, range, and cooktop against common breakdowns, giving you more financial peace of mind.
4. Washer and dryer breakdowns
Average replacement cost: $700+ each
Breakdowns to washers and dryers stink in more ways than one. More frustrating is that they usually don’t break down at the same time, which can increase costs to replace them over time.
To get the most out of your washer and dryer, follow these top washer and dryer tips from 2-10 HBW. And with 2-10 HBW, you can protect your budget when your washer and dryer break down—coverage comes included with the Pinnacle Home plan, or you can add the Washer & Dryer option to other plans!
5. Electronics breakdowns
While life spans and costs to replace vary by device, once thing is constant: Electronics breakdowns make you want to push pause on life. We have something better.
2-10 HBW is working with Asurion to offer Asurion Home+, which covers practically all home electronics. This is just one of many special perks that homeowners who have a 2-10 HBW Home Warranty enjoy.
If you’re a current 2-10 HBW homeowner, take advantage of Asurion Home+ today!
Let 2-10 HBW protect your budget
2-10 HBW can help rouse you from the nightmare of breakdowns and turn home ownership back into the American Dream it was meant to be.
2-10 HBW offers quality Home Warranty Service Agreement coverage for homeowners. Let us help you protect your home and budget.
Already a customer? You can renew your Home Warranty Service Agreement coverage today!
Do you have a 2-10 HBW structural warranty? You can purchase Home Warranty Service Agreement coverage today!
How Long Do Home Systems and Home Appliances Last?
Top Washer and Dryer Maintenance Tips
What Kind of Home Warranty Should I Get?
*All national averages in this article based on data collected in November 2021. Costs in your area may vary.