A home warranty is a form of insurance that covers your home if repair or replacement of appliances or certain systems are needed. The trick with a home warranty policy is choosing one that will cover the types of repairs that may be needed issued by a company that will not deny your claims.

Companies may deny coverage for reasons such as the homeowner’s “maintenance neglect,” issues of “pre-existing conditions,” or because the nature of the repair falls outside the coverage boundaries. The only way to really protect yourself is to do extensive research before choosing a policy and to read every single line of fine print in the contract.

The typical cost of a policy is between $300 and $450 per year. Most policies have a deductible of from $50 to $100 per incident. With most policies, you cannot combine two or more repairs into one service-call deductible.

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