Quick answer: A home warranty is a service contract that helps pay to repair or replace certain home systems and appliances when they break from normal wear and tear. It's different from homeowners insurance. Whether one makes sense depends on the age of the home's systems, your budget for surprise repairs and the specific plan's coverage.
Most plans also charge a service fee each time a technician comes out, and many cap how much they'll pay for a repair.
| Home warranty | Homeowners insurance | |
|---|---|---|
| Covers | Systems and appliances wearing out | Damage from events like fire, storms or theft |
| Required? | No | Usually required by your lender |
| Cost | Yearly fee plus a service fee per claim | Yearly premium plus a deductible |
For others, setting aside money in a home repair fund works just as well. It depends on the home, the repairs needed and the deal we've worked out. I help buyers weigh that choice during the inspection and offer negotiations, and I can connect you with a couple of great home warranty companies that have local reps.
Tip: If you have a home warranty, contact your local rep before you file a claim. They can help you navigate the claim process.
"Chelsea was amazing from start to finish! She goes above and beyond to make sure the experience is as stress-free as possible."
Anthony D., Google review
It depends on the home's age and systems, the plan's coverage and your comfort with surprise repair costs.
Either one can. Sometimes sellers offer one, and sometimes buyers ask for it in their offer.
No. An inspection tells you the home's condition before you buy. A warranty helps with certain repairs afterward.
I'm happy to help you decide whether one makes sense for your purchase or sale.
Call or text Chelsea: 509.565.1581
Email: chelsea@mcfarlandprey.com
Office: 1402 S Grand Blvd, Suite 201, Spokane, WA 99203
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