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What is a home warranty?

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A home warranty (also known as a home protection plan or home service plan) is a contract that provides repair and replacement coverage for your home’s major appliances or systems. Many homeowners define home warranty coverage as an optional or “nice to have” feature, but when one or two major appliances or systems malfunction, it can quickly change their perspective.


Why you need a home warranty plan

According to The National Association of Realtors, there is a 60 percent chance that at least one key home system or appliance will fail in any year — and that average repair cost will be $900. Factor in how long you plan to stay in your home, how long its appliances and systems were there before you moved in and Murphy’s law — and you’ll realize that the average cost to keep your home running can add up quickly. That’s where home warranties come in handy.

Cinch’s customizable home warranty plans help protect your major home systems, such as air conditioning, heating and plumbing systems. You may also protect your major appliances, such as your stove, oven, and water heater and more.

Many people make the costly mistake of believing that their insurance provider will cover these types of repair costs or replacements. But homeowners insurance instead pays for losses or damages incurred from unforeseen occurrences.


Benefits of home warranties

Now that you know what a home warranty is, you may be wondering how one can benefit you and your family. For starters, researching and securing a home warranty plan will provide you with peace of mind.

Once there is a problem identified that is covered by your protection plan, as the owner of the home, you will file a claim, and an independent, approved contractor will make a house call to assess the repair.

Cinch’s plans are easy to access. Homeowners pay a monthly premium and a one-time service fee, or deductible, to the service provider anytime a covered item breaks down. The warranty covers the rest of the cost to repair or replace the item in question.


What do home warranties cover?

You started off wondering what a home warranty was, but now you may be wondering what precisely a home warranty covers. And what is a home warranty’s role when it comes to pre-existing conditions? 

Different home warranties may cover different sets of home appliances or home systems. For example, home warranty coverage may include the following:

Which is the best home warranty for you?

A home warranty is something your real estate agent may suggest in your closing checklist along with your homeowners insurance. But how do you know which home warranty to choose. What is the best home warranty for you?

Choose a service provider that works best for you: one that offers excellent customer service and has a clear contract explaining what it covers. Cinch offers an easy-to-read explanation of the terms of our home warranty. There is no hidden fine print.

A Cinch plan is something that can save you a significant amount of money when compared to the cost of repairing and replacing each malfunctioning system or appliance. The most powerful benefit is convenience. You will receive:

  • Year-round service. You will not have any frantic night or weekend calls to find an available technician. Cinch’s customer service is available 24/7, and yes, that includes holidays and weekends. Cinch is always here to take your call and will send a service provider as soon as possible.
  • Trusted service. Every service partner in our network is pre-screened for your protection. We ensure they meet all of your state’s licensing requirements before they visit your home. In addition, we provide you with their contact information so you can schedule an appointment at your convenience.
  • Quality service. No aggravations over substandard work quality. We stand behind our providers’ work with a six-month guarantee. No exceptions.


How much does a home warranty cost?

It’s not enough to answer the question “what is a home warranty” without also mentioning something about the cost. But your home warranty cost is contingent on what you need covered, what type of home you live in and what state, city or town you live in as well. Before you enroll in a warranty you can get a quote that will explain the costs to you. 

There may be a waiting period before your home protection plan is effective. The timeline usually ranges from 15 to 45 days. Also, you may also be responsible for additional costs that are associated with incidental costs such as modifications to existing systems or appliances.

Finally, your home protection plan comes second to a manufacturer’s warranty. Therefore, you will have to contact the manufacturer to have a repair or replacement within the warranty period.


Why Cinch Home Services?

At Cinch Home Service, we strive to be the most outstanding home warranty company, providing you with the absolute best home warranty in terms of coverage, service networks, and ease of use. Simply put, Cinch covers more than other home warranty companies. We also guarantee workmanship for a period of 180 days. The claims process is easy to follow and can be done online. 

At Cinch, we provide better and easier home care services. But don’t just take our word for it. Now that you know what a home warranty is and how it benefits you, see what our nearly 1 million customers across the country have to say about Cinch home protection plans in these real customer home warranty reviews, and start protecting your home today.


See Next: What Does a Home Warranty Cover?


A home warranty is an annual service contract that covers the replacement of a built-in system or appliance. Learn more about how a Cinch Home Services warranty can benefit you by visiting our website.