How Much Does a Home Warranty Cost? | Home Warranty Pricing
Home Warranty Pricing and Plans
The cost of an annual home warranty service contract can vary widely based on the type of coverage you need. Plans start at less than $25 per month, but depending on the coverage you select, pricing may rise. For example, the more options you add, the more you may pay.
Other costs for a home warranty
Most home warranty contracts stipulate a maximum coverage limit. Simply put, that means when you exceed this limit, you may have to pay for repairs out of pocket.
You may also incur costs if the repair you need is not part of your coverage. Prior to buying a home warranty, it’s important to review contract exclusions so you know what coverage you are purchasing.
Is a home warranty worth buying?
A home warranty is worth buying if the coverage you select meets your budget and your coverage needs. As you consider purchasing a home warranty, review the covered items to ensure everything you need covered is on your home warranty plan.
Most complaints about home warranties are directly related to a misunderstanding of the type of coverage the homeowner purchased. Just like car insurance and home insurance, it is important that you understand what you are buying to ensure you get the home warranty plan coverage that fits you best.
Understanding a home warranty
2-10 Home Buyers Warranty (2-10 HBW) offers several coverage plans.
- Appliances coverage: Includes majors appliances like your refrigerator, oven, dishwasher, and built-in microwave
- HVAC + water heater coverage: Includes central heating and cooling, heat pump, thermostats, and water heater
- Everything together: Includes coverage from the plans above, plus coverage for your plumbing and electrical systems
In addition to these coverage plans, 2-10 HBW lets you to add options to cover other things, including swimming pools and additional refrigerators.
A home warranty covers eligible systems and appliances that break down from routine wear and tear. Damage caused by misuse or weather-related issues are not covered.
Learn more about pricing for home warranties from 2-10 Home Buyers Warranty.