What Is a Home Warranty, and Do I Really Need One?
- By Jim Blackburn
- on
- 100 first time home buyer FAQs
1. A Home Warranty Covers Systems That Wear Out Over Time
Unlike homeowner’s insurance, which covers things like fire or weather damage, a home warranty covers functional items inside your home. That includes:
- Heating and cooling systems (HVAC)
- Plumbing and electrical systems
- Major appliances like your fridge, oven, or dishwasher
If one of these breaks down due to normal wear and tear, the warranty company helps pay for repair or replacement—saving you from unexpected costs.
Work with insurance professionals who understand homeowner protection through our insurance brokers network to discuss both warranty and insurance coverage options.
2. It’s Different From Homeowner’s Insurance
Think of it this way: insurance protects your home from sudden events, while a warranty protects you from day-to-day breakdowns. You’ll still pay a service fee when something goes wrong (usually $75–$125 per visit), but it can help offset much larger repair bills—especially during your first year of homeownership.
Connect with advisors who can explain all your homeowner protection options through our insurance brokers who specialize in new homeowner needs.
3. A Home Warranty Can Be Worth It—In the Right Situation
If you’re buying a pre-owned or older home, a home warranty can be a smart short-term safety net. It’s also great if you’re not quite ready to take on unexpected repair costs. Just make sure to read the fine print—coverage varies, and not every policy includes every appliance or repair.
As you evaluate home warranties, also calculate what you can afford using our FHA Purchase Loan or Conventional Purchase Loan calculator to understand your complete budget including protection costs.
Want to Protect Your Home Investment Wisely?
Understanding warranties, insurance, and your budget helps you buy with confidence. Here’s where to start:
🛡️ Connect with protection specialists through our insurance brokers network
💰 Calculate your complete budget with FHA Purchase Loan or Conventional Purchase Loan calculators
📚 Learn all first-time buyer essentials at our buy a house page
🤝 Build your complete homebuying team through our professional network
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