Having your own home is one of the greatest accomplishments in life, but along with this accomplishment often comes the struggle of unexpected repairs and maintenance items. A home warranty plan can help protect homeowners from the financial burden associated with many of these repair and maintenance expenses.

A home warranty plan is an annual service contract between a service provider and the homeowner that covers the repair, replacement, or maintenance of certain home system components and appliances. It can cover up for a variety of items in your home, such as your washing machine, refrigerator, electrical systems, and air conditioning system.

A home warranty can be of great help if an item covered by the plan breaks or malfunctions, and it will usually cost the homeowner a much lower price than the cost of repairs. The warranty typically covers any problems that would result from normal wear and tear, which can help protect homeowners against more costly repair bills that may occur if the item is older or has not been properly maintained.

No matter the age, size, or condition of the home you own, there are probably components and appliances that could benefit from a home warranty plan. Home warranties generally cover up to a certain amount of repair costs, with some even offering coverage for additional items such as plumbing, drains, and septic services.

Home warranties can also provide peace of mind to families with small children, who may be exposed to costly repairs and maintenance problems as new home equipment is added as the family grows. Having a home warranty plan in place can help protect a family's finances in the event that something breaks and needs to be replaced.

A home warranty plan is designed to provide protection beyond what your homeowner's insurance covers. Although a home warranty plan cannot replace your homeowner's insurance, it can give you a sense of peace in knowing that you are covered against many of the most common breakdowns and malfunctions in your home.

Overall, a home warranty plan gives you an added layer of protection, convenience, and peace of mind as you work to maintain your home and prevent costly repairs from occurring.