4/18/2020 0 Comments How Much is a Home WarrantyOwning a home is a big step in the right direction and an investment that will pay return for a long time. But you should ensure you are taking the right steps to secure your most precious asset by buying a home warranty. The average cost of a home warranty however comes to down to three factors which are; your warranty’s scope, the monthly payments and your service fee. Before you purchase a home warranty, you should take into consideration these three factors to ensure you are making the right choice. Home warranty is an important investment that you should have to help you enjoy peace of mind knowing you are covered. Here are a few important things you should k now when considering how a home warranty cost. The scope of your coverage plan is the first thin g you should be looking at; the cost of a home warranty will vary depending on the number of things it is covering within the house. A warranty plan that covers appliances only is more affordable compared to one that covers home systems too like plumbing. Therefore, the amount you will pay for a home warranty will be dependent on the number of things that need covering in your house. Your monthly or yearly payment is another factor to consider when you are trying to figure out how much you will be paying for a home warranty. This is the main factor you should consider before buying a home warranty. The monthly or yearly home warranty payment is dependent on whether it is covering your appliances or plus your home systems. Roughly, you will be paying between thirty-six and forty-two dollars for home warranty monthly which adds up to about five hundred dollars a year, which of course is dependent on what is covered. How much is a home warranty? Click here to find out more. The day-of service fee should be factored in when you are figuring out how much your home warranty will cost. If any of the covered assets breakdown, a technician from your warranty provider will come to fix it. During this time, you will be required to pay a day-of service warranty fee which is not dependent on the value of your warranty, and is usually a flat fee. Before you buy a warranty, ensure you are comfortable with the day-of service fee required by the provider. These are the things you should know when considering investing in a home warranty. For more information, click on this link: https://en.wikipedia.org/wiki/Home_warranty.
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