Should I consider a home warranty?

A: Most 12-month home warranties cost somewhere around $400, plus or minus $175. A simple service call to have a broken stove repaired can easily cover its own cost. Booking an appointment is a streamlined process and can be done with a quick call or via email. That’s a significant pro.

The con is while most warranties will cover heating systems, kitchen appliances, washer and dryer, plumbing and electrical systems, it’s important to know what specifically is and is not covered. Each company’s coverage varies a bit so do your research in advance.

While the majority of the plans go unused, however, the day the refrigerator stops or the mystery water is pouring out from under the washer machine, you’ll be thankful to have it. This undeniable pro can offer peace of mind knowing your home is protected.