What is a Home Warranty – And Do You Need One!

In this podcast, we discuss home warranties with Acquisition Director, Meredith Sprecher, Acquisition Director, American Home Shield (AHS). Meredith has deep knowledge of the home repair and maintenance market and has been with AHS parent company, Frontdoor Inc. for over eight years. In the United States, approximately 30% of home sales involve the purchase of a home warranty, usually from the seller to include in the purchase of the home. These warranties provide peace of mind to buyers by covering repairs or replacements of major home systems and appliances. The home warranty industry pays out more than $2 billion annually in claims, which is significant and really reflects the importance these contracts play in home maintenance. Key Takeaways: Home warranties are a yearly contract that covers (read your contract for specifics) home systems – generally from HVAC to appliances. These systems are expected to break down at one point in their useful life. Home insurance protects you from unexpected events – such as storm damage and other natural events (again, read your contract for specifics). A homeowner is 25% more likely to file a claim with their home warranty company compared to their home insurance company. AHS is offering a 25% discount on an annual AHS home warranty contract for the Single Lady Estates community. Be sure to signup at https://platform.singleladyestates.com/ Connect with Single Lady Estates! Join our community: https://platform.singleladyestates.com/ Join our mailing list: https://singleladyestates.com/ Connect with @singleladyestates on Facebook, Instagram & LinkedIn Comments? Email us at [e-mail] ________________ Bobbie Wasserman is the founder of Single Lady Estates® and host of the Single Lady Estates (SLE) podcast. SLE’s mission is to solve specific pain points for women in homeownership. We empower women to become confident, successful, and thriving homeowners by supporting them at every stage of the homeowner lifecycle—buying, selling, and life in between. We are more than a company, we are a movement.  To learn more about Single Lady Estates, we invite you to subscribe to the podcast and become a member of the Single Lady Estates community. https://singleladyestates.com #singleladyestates #homeownership #womenhomeowners #homemaintenance #homerepair #americanhomeshield