Making Sense Of A Home Warranty

Apr 25, 2020
Financial Services


Welcome to I Am Future Proof's comprehensive guide on home warranties. In this article, we will explore everything you need to know about home warranties, including what they are, how they work, and why they are important. Our goal is to help you make an informed decision when considering a home warranty for your valuable property.

What is a Home Warranty?

A home warranty is a service contract that provides coverage for major systems and appliances in your home that are prone to breakdowns due to regular wear and tear. It acts as a protection plan, offering financial coverage for repairs or replacements of covered items, potentially saving you from unexpected expenses.

How Does a Home Warranty Work?

When you purchase a home warranty, you enter into a contract with a reputable warranty provider, like I Am Future Proof. The coverage typically lasts for a specific period, usually one year, and can be renewed annually. If a covered system or appliance fails during the coverage period, you can simply contact your warranty provider to initiate a claim.

Upon receiving your claim, the warranty provider will send a qualified technician to assess the issue and repair or replace the covered item, depending on the terms of the contract. You will only be responsible for paying a small service fee, often referred to as a deductible, which is significantly lower than the actual cost of repair or replacement.

Why Are Home Warranties Important?

Home warranties offer several key benefits for homeowners. First, they provide financial protection by helping to cover the cost of unexpected repairs or replacements, which can be substantial. This can help you manage your budget and avoid unexpected financial burdens.

Secondly, home warranties offer peace of mind. Knowing that you have coverage for your major home systems and appliances can alleviate the stress and worry that comes with potential breakdowns. Instead of frantically searching for a reliable repair service or having to purchase new appliances, you can rely on your warranty provider to handle the situation effectively.

What Does a Home Warranty Cover?

The coverage provided by home warranties can vary between providers, so it's essential to review the terms and conditions of your specific policy. However, most home warranties typically cover major systems like HVAC (heating, ventilation, and air conditioning), electrical, plumbing, and appliances such as refrigerators, ovens, and washing machines.

It's important to note that home warranties usually do not cover pre-existing conditions, items already under manufacturer's warranties, or damage resulting from neglect, misuse, or acts of nature. Reading the contract thoroughly and understanding the coverage limitations is crucial for making the most out of your home warranty.

How to Choose the Right Home Warranty

Choosing the right home warranty provider is an important decision that requires careful consideration. To ensure you make an informed choice, consider the following factors:

  • Reputation: Research and read reviews about different warranty providers to assess their reputation and credibility.
  • Coverage: Evaluate the coverage options available and ensure they align with your specific needs and requirements.
  • Cost: Compare pricing structures, including annual fees, deductibles, and additional charges, to determine the most cost-effective option.
  • Contract Terms: Review the terms and conditions of the contract, paying attention to any limitations, exclusions, or waiting periods.
  • Customer Support: Consider the quality of customer service provided by the warranty company, as responsive and helpful support is crucial when filing a claim.


A home warranty can be a valuable investment for homeowners, providing financial protection and peace of mind. By understanding what a home warranty is, how it works, and what it covers, you can make an informed decision when selecting a reliable warranty provider.

At I Am Future Proof, we are committed to offering comprehensive home warranty solutions that prioritize the needs and satisfaction of our customers. Contact us today to learn more about our industry-leading home warranty plans and start protecting your valuable investments.