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The cost of a home warranty ranges from about $220 to $1,880 per year, according to HomeAdvisor. The plan can cost more if you want add-on coverage for areas like a guest house or swimming pool.
In 2021, American Home Shield launched three new home warranty plan products. Product names include (ranging from least to most expensive): ShieldSilver - covers the major parts of 14 home systems. ShieldGold - covers the major parts of 14 home systems plus 9 kitchen and laundry appliances.
A home insurance policy protects your finances against specific types of damage to your home and belongings, while a home warranty is a service contract that can cover repairs to major home ...
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Major factors in price estimation include location, coverage, and the amount of insurance, which is based on the estimated cost to rebuild the home ("replacement cost"). [2] If insufficient coverage is purchased to rebuild the home, the claim's payout may be subject to a co-insurance penalty. In this scenario, the insured will be subject to an ...
However, the words "home warranty" are not always used explicitly to mean a legal warranty is being conveyed. In many cases, at least in the United States, a home warranty is not a warranty at all, but rather a home service contract that covers the repair and/or replacement costs of home appliances , major systems such as heating and cooling ...
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