What is an Extended Home Warranty?

Home ownership is an exciting milestone in your life, but there are also expenses involved with owning a home that you may not initially think of. One such expense is the cost of repairing or replacing a broken-down appliance. If you're lucky, the malfunction is covered under warranty, or it's an inexpensive fix for you to handle yourself. But in too many cases -- especially with larger appliances such as refrigerators, washers, dryers, and furnaces -- the expense is significant and not covered by the warranty (either the warranty has expired, or for some reason the repair isn't a covered one), and can certainly take a big chunk out of your savings account.

It's for these reasons that extended home warranties are available through third party companies. These companies offer warranties on just about every appliance out there, from the small and large cooking appliances in your kitchen, to your washer and dryer, your dishwasher, and other appliances around your home that you might not give much thought to until they happen to malfunction. A home appliance warranty can easily save you thousands of dollars while costing less than a few hundred, so consider this type of warranty in order to protect your home and all of the appliances in it.