What is Home Repair Insurance? See What it Covers

Erin Easley

Written By Erin Easley

Published 10/27/21
What Is Home Repair Insurance

There are many different terms for the types of insurance that provide coverage for your home’s appliances. Some of these terms are interchangeable, like homeowners maintenance insurance is sometimes called household repair insurance. The most important thing is to understand the difference in the details and not worry over the titles too much. Every home repair insurance provider is different and you will want to find a plan that best suits the needs of your home.

Home repair insurance is typically called a home warranty. A home warranty is a service contract that covers the costs of repair and replacement of your home’s systems and appliances when they break down over time from normal wear and tear. A home warranty allows you to save money on home repairs, especially when it comes to those big ticket items like replacing a furnace, which can cost thousands of dollars.

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A home warranty also saves the homeowner time. With a home warranty, all you have to do is file a claim with your home warranty provider and they do the rest of the work. They will arrange for a technician to come to your home, diagnose the problem, and do all the necessary repairs. 

What is the difference between a home warranty and insurance?

There is a distinct difference between a home warranty and homeowners insurance. Homeowners insurance provides coverage for your home when disaster or theft hits. Most states require homeowners to purchase this insurance with their mortgage.

A home warranty is optional. It provides coverage of your home systems and appliances when they need repair because of normal wear and tear. A home warranty with Liberty Home Guard will cover these home systems:

  • Electrical

  • Plumbing

  • HVAC

  • Ductwork

  • Water heaters

 A Liberty Home Guard home warranty will cover these appliances:

  • Washer and dryer

  • Refrigerator

  • Oven

  • Built-in microwave

  • Dishwashers

  • Garbage disposals

  • Garage door openers

  • Ceiling and exhaust fans

The home appliances covered by a home warranty vary by plan and provider. Learn more about the different Liberty Home Guard Plans.

What is the difference between manufacturer’s insurance and a home warranty?

Manufacturer’s insurance covers the failed part of a single appliance, but does not include the cost of labor or repair. Often a manufacturer’s warranty -- or sometimes called manufacturer’s insurance--is offered with a newly purchased appliance for a limited time. A home warranty, on the other hand, is expansive coverage that covers the cost of repair. Fee caps for certain repairs may apply with a home warranty.  

How much does home repair insurance cost?

Your home warranty’s cost will vary based on your provider and plan you choose for your home. More coverage for your home usually means a higher monthly premium. Plans generally range anywhere from $20 - $200 per month. At Liberty Home Guard you can choose a plan that is month-to-month, annual, or multi-annual. You will get the most savings with a multi-annual plan. LHG’s most economical home warranty plan is the Total Home Guard plan, which is a combination of our Systems Guard and Appliance Guard plans. 

Don’t be fooled by overly cheap prices. Always read the fine print. Plans that are deceptively cheap often mean you are not getting good coverage, or you may end up with a high service fee. Most home warranties require that you pay a monthly premium and a flat rate service fee for every repair. 

What do home repair plans cover?

The coverage of a home repair plan, or more typically known as a home warranty, varies by provider and plan. Most home warranty providers will offer plans that cover the basic home systems and major appliances, including ovens, washing machines, and refrigerators. See above for more information on what basic coverage usually includes.

It’s important to check with the provider to see what add-ons they offer. Liberty Home Guard offers the most add-ons in the industry because we want to meet your home’s unique needs. Here’s a list of some:

  • Pool and spa

  • Septic system pump

  • Re-key

  • Wine cooler

  • Lawn sprinkler system

  • Lighting fixtures

  • Reverse osmosis water filter 

  • Gutter cleaning

  • Pest control

  • Electronics protection

  • Carpet cleaning

This list is not exhaustive. Read more about our exclusive add-ons here.

What are the best home repair warranty policies?

Appliance home repair can be costly and stressful to manage. Unexpected breakdowns can be expensive, but a home warranty allows you to budget and save time when they do occur. The purpose of a home warranty is to alleviate this stress for homeowners, not add to it. 

When choosing the best plan for your home, first determine what needs coverage and what provider offers top notch customer service and workmanship. Read the customer reviews and talk to the provider’s customer support staff. Ask about the provider’s cancellation and adjustment policies. Knowing this information will give you insight into how the company manages customer service and your potential needs as a homeowner. 

Choosing the best home warranty policy for your home doesn’t have to be overwhelming. There are many providers out there, but not all work with vetted technicians or offer superior customer service. Liberty Home Guard only works with licensed technicians and all repairs come with a 60-day workmanship guarantee. There are no caps on how many repairs you can receive with a Liberty Home Guard home warranty plan. 

What should I know before I sign a contract for a home warranty?

The first thing a homeowner should do before they sign any contract for a home warranty is ask to read a sample contract. The titles of the plans different providers use may vary, whether it’s called home repair insurance or home maintenance insurance,  but providers are most likely referring to what’s typically called a home warranty. Each home warranty varies in its coverage, so do your research before you sign a contract. 

Why Liberty Home Guard?

Liberty Home Guard has been ranked the #1 Home Warranty Company in America by the U.S. News & World Report. We work with the best licensed technicians and are available 24/7 online or by phone. 

Here are some of the reasons that make us the #1 home warranty provider:

  • Competitive pricing

  • Flexible coverage

  • Superior customer service

  • 60-day workmanship guarantee

  • Most add-ons in the industry

  • Fast turnaround rate between your claim and your repair

Contact our customer support team at (866)-225-7958 for a quote.


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