That's one way to get referral business and repeat business. One should be aware that systems and appliances are always failing. A house may have no expenses for years then all of a sudden there are a series of repairs. Maintain an emergency fund of, say, $10,000 and you will be able to deal with almost all repairs when necessary. The cost of warranties over many years can be about the same as simply fixing or replacing the items when these break. As an A/C contractor which has done work for home warranty companies, This is a complete waste of money for any homeowner.
home warranty cost average
After all, why do you want to cover potential tenants if you don’t foresee subletting your house?That is just one example of modifications or extras that you may or may not need. Within your warranty's contract, you will find a set standard for costs. It will detail which costs you are responsible for. The amount that you have to pay is the deductible. The deductible is likely to vary depending on the appliance and will vary per repair. For example, you may need to replace your septic system.