A home warranty keeps you from paying out-of-pocket when your home appliances or systems fail to work. It is a worthy investment that every homeowner should consider purchasing. Keep on reading to know how much a home warranty cost.
What determines the overall cost of a home warranty?
The cost of a home warranty is determined by factors, such as:
- Type of plan
- The size of the home
- The extent of coverage
- Additional services/benefits
Each of these elements plays a significant role when it comes to determining the price of a home warranty. When you want to purchase a home protection warranty, the company will provide you with a contract that explains in-depth the price of the coverage. It is worth mentioning that American home warranty companies are different and they also have different pricing. However, the lesser the cost of a home warranty, the lesser coverage you will get.
What is a home warranty’s annual cost?
A home warranty generally…