What is a home warranty?*
A home warranty is a service plan offering coverage for the repair and/or replacement of a home’s major systems and appliances for breakdowns due to normal wear and tear. Some people believe that their homeowners insurance will cover this type of repair costs or replacements, but the fact is that it doesn’t cover breakdowns of your home systems due to normal wear and tear.
A home warranty plan from FPL Home will provide coverage for the repair or replacement of your major appliances, such as: ovens, refrigerators, washers and dryers, dishwashers and water heaters, and built-in systems, such as air conditioning, heating, electrical and plumbing due to normal wear and tear.
According to Family Handyman, the lifespan of appliances and systems has significantly decreased over the last 25 years leading to many out-of-pocket expenses for repairs or replacements. Below are some of the costs you could pay without a home warranty plan:
$700 to $4,000
$450 to $1,250
$280 to $1,300
Oven / Range
$680 to $2,750
Repair and replacement costs may vary.