APPLIANCES AND HOME WARRANTIES

DISHWASHER

Dishwashers are a home necessity you don’t generally worry about breaking down … until it breaks down. According to the National Association of Home Builders Study of Life Expectancy of Housing components (from where each of these life expectancy averages were taken) you may be missing out on your dishwasher if you’ve had it for more than 9 years. And with dishwashers coming in at about $1,000, that’s a lot of money to spend every decade making sure you don’t have to spend hours scrubbing pans at the sink. Luckily, if you’ve chosen to purchase a home warranty, you can save 94% on the repairs or replacement of your dishwasher.

OVEN

Ah, your oven. You bake cakes and casseroles, fry eggs and vegetables, but at the end of the day, if your gas oven is 15 years old, it may be wearing out. If you have an electric oven, it’s even less time at 13 years old. A new oven can cost anywhere between $500 and $3,000. If your oven has failed, and you have a home warranty, you will only have to spend $60 for repairs or replacements. With a 98% discount, a home warranty is a budget friendly way to get back to cooking.

FRIDGE

Refrigerators and freezers make cooking, eating, and storing a breeze, but when they fail you not only lose money on purchasing a new refrigerator or freezer, but also on the food they contained. Refrigerators last around 13 years and on average cost around $1243, while freezers last just 11 years and cost anywhere between $350 to $3000. With a home warranty, you can save thousands of dollars on each of these prices, and only pay $60, as long as your fridge and freezer are covered by your home warranty plan and failed from normal wear and tear.

 WASHER AND DRYERS

Nobody likes to hand wash clothes, so make sure to pay attention to when your washer and dryer starts to fail. Dryers last about 13 years, while washers last about 10. Dryers cost between $200 and $1,750 for a new machine, and washers cost between $275 and $1,300. With the best home warranty company, you can repair or replace a failed washer or dryer for only $60, as long as it is covered in your home warranty plan. 

HOME SYSTEMS AND YOUR HOME WARRANTY

HEATING and COOLING SYSTEMS

The HVAC system in your home has an average lifespan between 15 and 20 years. Air conditioners only last between 10 and 15 years, while heat pumps last around 16 years. This is one of the costliest systems to replace. When your HVAC (short for Heating, Ventilation, Air Conditioning) system fails, the national average replacement cost is between $4,000 and $5,000. That’s a huge chunk of your bank account going toward making your home comfortable in the summer or winter.

If you have a home warranty plan protecting your budget, you can get a 98.5% discount off of that price, if your HVAC system has failed from normal wear and tear. Most home warranties provide coverage on HVAC systems, and you will pay $60 for the system to be repaired or replaced. 

PLUMBING SYSTEM

Plumbing is one of the most concerning systems that can fail in your home. If your electricity goes out, you can survive without lights and television for an evening, but if your plumbing stops working it stops disposing of waste and bringing fresh water to your home. Water heaters generally last for 10 years, while showers will last 50. The porcelain of a toilet lasts a lifetime, but the components inside of the tank will wear out after 10 years.

If your water heater fails, you’ll most likely pay around $2,000 to replace it.  If your toilet fails, you’ll pay around $600 to replace it. You can replace a shower for $2,698. If you have purchased one of Landmark’s home warranty plans, though, you can cut your price by at least 97%. If your home warranty plan covers plumbing elements, like your water heater, you can spend $60 on repairs or replacements when it fails from normal wear and tear. A home warranty can save you thousands of dollars a year.  

ROOF

The roof over your head has an amazing ability to keep you warm and dry, but depending on what kind of shingles you have you may need to replace your roof more often than you might think. A slate, copper, or clay/concrete mix roof will last over 50 years, but asphalt shingles will last around 20. Fiber cement shingles will need repairs or replacements after 25 years, while wood can last up to 30 years. If you have the best home warranty plan, it may cover limited roof replacement. If there is a leak in the living area of your home, the leak will be repaired, keeping you safe, warm and dry. Normally roof repair costs $327, but with a home warranty you can cut that by 81%. You’ll only have to pay $60 with a home warranty for roof repair.

GARAGE

Garage door openers can be frustrating when they stop working … especially if your car is inside of the garage when it fails. Garage door openers last between 10 and 15 years and they cost around $500 to repair or replace. With a home warranty, though, you can pay only $60 for the replacement. That’s 88% off! Note that most home warranties cover the opener but not the garage door. 

For more information about which home warranty plan is right for you and your home, go to Landmark’s main site at www.LandmarkHW.com. 

Sources:

 http://stevesmallman.com/wp-content/uploads/2013/05/NAHB-Lifetimes.pdf

http://www.costowl.com/home-improvement/kitchen-dishwasher-replacement-cost.html

http://www.thekitchn.com/buying-a-new-oven-a-price-rang-111784

http://www.homewyse.com/services/cost_to_install_refrigerator.html 

http://www.kitchens.com/product-guide/washers-dryers/washer-dryer-prices/washer-dryer-prices

http://www.garaga.com/information/faq/garage-door-cost/

http://www.homeadvisor.com/cost/heating-and-cooling/)

http://www.angieslist.com/articles/how-much-should-water-heater-installation-cost.htm

http://www.komonews.com/news/consumer/Need-a-new-toilet-How-much-will-that-cost-232103481.html

http://www.consumerreports.org/cro/freezers/buying-guide.htm