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June 28, 2024

What is Home Repair Insurance? 

yellow and black handle hammer and screw driver tools used for home repair insuranceHome repair insurance, also known as a home warranty plan, can offer homeowners a financial safety net against unexpected expenses resulting from breakdowns of household systems and appliances.

These plans can cover major items like heating systems, air conditioners, plumbing and more.

Basics of Home Repair Insurance

If you have home repair insurance, you may be able to file a claim when essential systems or appliances break down due to normal wear and tear.

Professional technicians can address these breakdowns, restoring your daily routine and granting you peace of mind. Home warranty plans may cap coverage at a specific dollar amount per claim or per year.

Always review the fine print and exclusions before purchasing home repair insurance.

What Does it Cover?

Home repair insurance can financially cover the following:

  • Heating system
  • Air conditioner
  • Plumbing system and stoppage
  • Sewer line
  • Electrical system
  • Water heater
  • Refrigerator
  • Oven/range/stove/cooktop
  • Washer and dryer

What Does Home Repair Insurance Exclude?

While a home warranty plan can help cover repair or replacement costs for specific systems or appliances, it doesn’t cover everything that might go wrong with those items. Each provider’s contract includes exceptions and exclusions to their coverage.

The following are some standard exclusions:

  • Areas outside the main house—Coverage typically excludes underground pipes, sewer lines and other areas beyond the central part of the house unless you’ve specifically added them to your plan (e.g., pool or septic tank coverage).
  •  Preexisting conditions—Problems existing before you purchase the warranty are generally not covered. This includes issues found during a home inspection or disclosed by the seller.
  • Sprinkler systems and outdoor plumbing—While some providers offer additional coverage for these, they’re often excluded from a standard policy.
  • Structural parts of new construction or remodeled homes—These are typically covered by builder warranties, not home warranties.
  • Improperly maintained systems and appliances—Neglect or improper installation may lead to exclusions.
  • Recalled items or other warranties—Coverage typically doesn’t extend to recalled items or those already covered under another warranty.
  • Commercial properties—Homes used for commercial purposes (e.g., daycares) are excluded.
  • Multiple appliances or systems—Additional coverage may be needed for more than one of the same appliance or system.
  • Cosmetic damage and pest-related issues—Dents, scratches and pest damage are typically not covered.

Home Repair Insurance in Idaho Falls

Contact Alpine Castle Lake Insurance to discuss your home insurance needs today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.


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