How Home Warranty Services Are Redefining Household Maintenance and Cost Management
Home warranty services offer homeowners a financial safety net by covering the cost of repairing or replacing major home systems and appliances. These service contracts are particularly popular among new homeowners, those with older properties, or anyone looking to reduce unexpected repair costs. In simple words, these services cover the repair or replacement costs of major household systems and appliances due to normal wear and tear. They differ from homeowners insurance, which protects against structural damage caused by events such as fires or floods. Home warranties focus on mechanical failures rather than external damage . The evolution of home warranty services The home warranty services industry has evolved significantly, adapting to the chang e in needs of homeowners and offering innovative solutions to enhance convenience, coverage, & cost-effectiveness. According to Allied Market Research, the industry is expected to rise at a CAGR of 6.3% from 20...