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Home warranty pros and cons: What to know
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TL;DR
- Home warranties cover repair and replacement costs for household items and appliances.
- Pros include affordability (averaging $25-$100/month), access to expert service providers, and peace of mind.
- Cons involve coverage limitations, exclusions for pre-existing or improperly installed items, and less homeowner input in the repair process.
- Homeowners and renters should consider a home warranty for protection against unexpected repair expenses.