When buying and owning a home, you will naturally want to fill the rooms with different appliances and systems that you will use daily, whether it be for recreational use, your own comfort or just out of necessity. As time goes on and the more often these appliances are used, they will by nature start to wear down and will fail due to the wear and tear. When you get home maintenance insurance or homeowner warranty insurance, this is a contract for a predetermined amount of time and will provide payment for repairs or replacement of as many different appliances or systems in your house should they fail from normal use.
What Does Home Maintenance Insurance Cover?
The variety of appliances that can get covered by home maintenance insurance will depend on what you have in your household, the space inside your house and also how much you would like to be covered. The most basic coverage should include but not limited to:
- Central heating or air conditioning
- Water and gas lines
- Toilet bowl and tank
- Electrical systems
- Exhaust and ceiling fans
- Refrigerator and freezer
- Oven, stove and microwave
- Dishwasher and garbage disposal
- Garage door
- Failures from lack of maintenance
Again, depending on the size of your house and the range you want your coverage to span, you can stay with the basic coverage or upgrade. The upgrade or optional coverage can include more specific details for the previously stated appliances as well as the following:
- Water well pump
- Washing machine/Dryer
- Swimming pool/Hot tub
- Water softener
Average Cost Of Home Warranty Insurance
To calculate the cost of your specific coverage, you will need to to take into account a wide range of subjects. How much you are willing to spend will first determine whether or not you are qualified to get the optional and upgraded coverage. Generally, the average cost of home warranty insurance will range anywhere from $300 to $500 a year, with the prices varying from $100 to $300 additional depending on if and how much extra coverage you got. Also, how often a particular item brakes down or how high the cost of repair would be effects the final price for coverage.
Before Your Appliances Breakdown, Get Covered!
With technology creating bigger and better appliances for our daily use everyday, we find ourselves drawn to the best item available. Even those of us not drawn to the best, we find ourselves shopping for appliances out of necessity and efficiency. Regardless of the reason you buy something or what systems/appliances you rely on daily, we need a backup plan when it stops working. Along with these items becoming bigger and better, so do the costs of repairs or purchasing a brand new item. Contact us at Compass Insurance Agency and we will make sure that when your equipment breaks down we will be there to pick up the pieces and have your back with the proper homeowner maintenance insurance or home warranty coverage.
