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Home Warranty: An Integral Part of A Household Budget

The purchase of a home is often the most expensive investment of a lifetime.   Adding a home warranty protects this investment by keeping the covered home systems and appliances in good working order for the term of the Plan.  It also provides peace of mind and budget protection for the homeowner, since repair or replacement of major systems or appliances in today’s dollars can easily cause financial strain.

In addition to budget protection, home warranties offer homeowners a convenient service solution should a system or appliance fail.  Most warranty companies take service calls 24 hours a day, 365 days per year, and can immediately dispatch a qualified contractor to perform the required service.  The homeowner pays only a nominal service fee to the contractor.

Although home warranties cover a multitude of items found in most homes, there are specific industry limitations of which the consumer (and the agent) should be aware.  Most home warranty companies don’t cover general maintenance or cleaning, cosmetic defects, inadequate capacity, secondary damage, or service involving hazardous or toxic materials such as asbestos.

Home warranty companies vary in product and service.  When choosing a company, consider the following:

  • Financial Strength
  • Coverage (including optional coverage availability)
  • Service
  • Premium
  • Service Call Fee
  • Terms and Conditions

When making comparisons, be aware that a Plan with a lower price may also have less coverage, more restrictive terms and conditions, and/or a higher service call fee.

When comparing the coverage received for the price, coupled with the industry claim rate of two calls per home per year, it makes sense for every household to include a home warranty in the budget planning.

~This article is provided courtesy of Old Republic Home Protection, a leader in the home warranty industry, providing superior service, comprehensive coverage and competitive pricing.

For more information on the value and benefits of home warranty coverage or to order a home warranty, please contact local area representative Amanda Wood, serving Santa Barbara, San Luis Obispo and Kern Counties:

Amanda Wood
Account Executive
Old Republic Home Protection
(800) 282-7131 ext. 1210



Written by Amanda Wood - Go to Amanda's Website/Profile