If you've bought a home, you've probably asked for a home warranty before. I know I have! I don't know how long that hot water heater is going to last and I don't want to cough up $1500 for a new one and replace an old one. Stoves, washer and dryers, dishwashers, refrigerators, the list goes on and on and so does the fear that you're the one that will pay for someone else's junky appliances.

But, also like me, you probably have never renewed your home warranty.  $300-$500 dollars for a home warranty seems like so much money!  What if I told you, there's an app for that?


Many carriers are now coming out with an endorsement called the Equipment Breakdown coverage.  Other companies may call it Mechanical Breakdown or Home Breakdown but they all do a similar job, they cover your large equipment if it breaks.

Now, most companies have a caveat with that, wear and tear are not covered.  Think about your car, you wouldn't make a claim on your tires, or if your paint fades you can't make a claim for that.  Those are wear and tear issues and you can't insured against something that is absolutely going to happen.

Things like electrical hit, vandalism, debris, etc are often covered in this endorsement. The great thing about this endorsement is that it is often less than $100 a year, much cheaper than a home warranty!  Depending on the company, there is also a lower deductible than your main homeowners policy.

If this is a coverage that you'd be interested in, you can always call your insurance agent and ask them to give you all the details.  Not every company is the same so yours may have different deductibles, limits, or definitions than what I've talked about, but your agent will be happy to answer your questions!

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