It is important for every homeowner to take the time to assess their budgets in order to find ways to reduce expenses and protect their budget from unexpected high costs. Considering a residential home warranty should be included in any budget assessment as there are financial benefits to having such a policy, along with home insurance. Here are a few good reasons why buying a residential home warranty is a smart investment:

Budget Protection

A residential home warranty is a service agreement that covers the repair or replacement of covered major appliances and home systems that typically break down over time due to normal wear and tear, and the age of the unit. A home warranty can help protect your budget by covering many major systems and appliances that can normally be expensive to repair or replace.  

Anticipate Out-Of-Pocket Expenses

 A residential home warranty helps homeowners prepare for the chance of high budget draining expenses associated with a major appliance and system mechanical breakdown. With a home warranty, homeowners feel secure knowing they will not be facing a really costly repair or replacement bill. Depending on the plan selected, and payment of a nominal deductible, homeowners can save hundreds, even thousands. Often, there is a choice between paying a monthly premium or yearly payment. Also, because not all warranty providers are equal, there may be additional costs associated with covered repairs or replacements, so ask questions and review your home service agreement’s terms and conditions.

Time Saver

A residential home warranty can save you valuable time. Because appliances and home systems can break down at the most inconvenient of times, a residential home warranty can be a real time saver. With a warranty plan, homeowners have access to a customer service agent by phone or online 24/7, 365 days per year. The agent can arrange for one of their licensed, pre-screened contractors to come to the home to diagnose the problem, and recommend repair or replacement. There is no need to frantically search for a qualified repair service. 

Adds Value to the Home

If you are planning to sell your home, a residential warranty plan increases the value of your property. It will help attract buyers more quickly because people tend to  look for homes that are protected, particularly older homes. Home warranties are transferable at the time of the home sale.

Residential home warranty pricing and plans cost less than you might think. A trusted and established home warranty provider will offer a range of plans at affordable prices so a homeowner can find a plan that meets their needs and budget. Options can include: customizable plans, extended warranties, coverage for a single item, bundled plan packages, and more. It’s easy to compare plans by getting a free online quote. With a residential home warranty, you will have guaranteed peace of mind knowing you are protected.