Understanding What a 1 Year Home Warranty Covers

When purchasing a home, many new homeowners consider a home warranty for added peace of mind. But what exactly does a 1 year home warranty cover? Let's explore the details.

Basic Coverage of a Home Warranty

A 1 year home warranty typically covers major systems and appliances in your home. This can vary depending on the provider, so it's crucial to understand the specifics of your plan.

Major Systems

Heating and Cooling: Most plans cover your HVAC system, including furnaces and air conditioners.
Plumbing: Leaks, breaks, and other plumbing issues are usually included.
Electrical: Issues with wiring, switches, and circuit breakers are typically covered.

Appliances

Many plans also cover key household appliances. For those specifically interested in appliance protection, exploring appliance warranty plans might be beneficial.

Refrigerators: Coverage often includes the refrigerator itself and sometimes even the ice maker.
Ovens and Stoves: Malfunctions in cooking appliances are generally covered.
Dishwashers: Problems with washing and drying cycles are typically included.

What is Typically Not Covered?

While a home warranty offers broad coverage, there are limitations and exclusions to be aware of.

Pre-existing Conditions

Most plans do not cover issues that existed before the warranty was purchased.

Cosmetic Repairs

Repairs related to aesthetic concerns, like paint and finishes, are usually excluded.

Acts of Nature

Damage from events like floods and earthquakes generally require separate insurance coverage.

Choosing the Right Home Warranty

When selecting a home warranty, it's important to compare options. A list of home warranty companies can help you evaluate different providers.

FAQs

What is the average cost of a 1 year home warranty?

The average cost ranges from $300 to $600 per year, depending on the coverage and provider.

Can I purchase a home warranty at any time?

Yes, home warranties can typically be purchased at any time, but it's often recommended to do so when closing on a new home.

Do home warranties cover roof leaks?

Some home warranties offer optional roof leak coverage, but it's not always included in standard plans.

In conclusion, a 1 year home warranty can offer valuable protection for homeowners. By understanding what is covered, you can make informed decisions and ensure your home is well-protected.