Is a home warranty worth it?

Key tips to remember

                        
  • Home warranty policies aren't typically required, but they cover situations that insurance doesn't
  • Investing a few hundred dollars in a warranty can save you thousands
  • A home warranty can be particularly worthwhile when buying a home
Home Warranty

Many homeowners aren't sure about what home warranties cover, or if they're worth the investment.  

Unlike home insurance, a home warranty isn't required, so getting one typically isn't on the "must-do" list when first purchasing a home or giving your insurance coverage an annual review. But going without a protection plan can be an expensive gamble, because home insurance doesn't cover the same situations. 

Lorraine's story: A $12,000 budget hit
Lorraine Labonne-Storch told HSH.com that she chose not to get a home warranty when she bought her house in 2005. The home inspection revealed that her boiler was on its last legs, but at the time she didn't want to pay the $500 for home warranty coverage on her home systems and appliances.

Unfortunately, less than a week after the deal closed on the home, her boiler burst into flames and had to be completely replaced. She had to pay the entire $12,000 replacement bill out of pocket.

Lorraine is now a real estate agent, and she advises many of her clients to purchase a home warranty policy. "When a buyer is buying a home, you have to keep in mind that these are used items," she told HSH.com. "You never know, because the last thing you want to do is spend big money on big-ticket items."

Protect yourself with an affordable plan
Whether you are purchasing a home, or have been in your current home for a while, you should consider a Cinch Home Protection Plan. Our home warranties limit your out of pocket expenses to as little as $100 per covered repair. And, if we can't repair your appliance, we'll replace it. Best of all, every covered repair is guaranteed for 180 days.

Discover the Cinch difference, and shop our plans today.


The information in this article is intended to provide guidance on the proper maintenance and care of systems and appliances in the home. Not all of the topics mentioned are covered by our home warranty or maintenance plans. Please review your home warranty contract carefully to understand your coverage.