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Real Estate

What is a home warranty?

Quick Answer

A home warranty is a service contract (not insurance) that covers repair or replacement of major home systems and appliances when they fail from normal wear. Costs $400–$700 annually plus a $75–$150 service-call fee.

Home warranty cost structure and coverage.
Warren Team
Updated April 26, 2026
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The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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