We’re delighted to be joined today by Chelsey Reilly of Landmark Home Warranty to talk a little bit about home warranties, what they cover, and how you can get one if you don’t have one already.
A home warranty isn’t a true warranty on the home itself; it’s actually a service contract providing coverage on major systems in the home and appliances within the home. It covers the major systems in your home, like your HVAC, your plumbing, as well as appliances like your dishwasher, refrigerator, and washer/dryer.
In the event of a major malfunction to one of the systems or appliances in the home, a home warranty will allow a homeowner to place a call to their warranty company and make them aware of the problem. You will explain everything you know about the problem, then they will send a licensed contractor out there to diagnose the system or appliance and determine whether or not it should be repaired or replaced.
The cost of a home warranty will range anywhere from $300 to $600. Landmark Home Warranty has rates between $300 and $500. When you consider the out of pocket expenses for repairing a major system or replacing an appliance, the $300 to $500 bill is an incredible savings.
If you have any questions for us about home warranties or anything else relating to real estate, don’t hesitate to give us a call or send us an email. You can also contact Chelsey directly at (503) 444-1151 or email her at firstname.lastname@example.org. We look forward to hearing from you.