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Girlfriends! We’ve all faced the same frustration, aggravation, and expense when our appliances go on the blink. There is nothing more infuriating than a washing machine that suddenly stops spinning, or a dryer that blows cold air. Perhaps you’ve encountered a faulty dishwasher that coated your kitchen floor with a pool of slippery water? I wish that these inconveniences were somebody else’s problem – but I’ve encountered them several times over the years. When you’re learning to be financially independent, there are a couple of things that the textbooks don’t teach you.

Your Appliances Matter – Take Care of Them

First of all, home warranties are important. These plans, and the coverage they offer, may not appear necessary when you’ve just bought a brand-new double door refrigerator, a convection oven, or a state-of-the-art Bosch dishwasher. You may think – as I mistakenly did – that the warranty provided by the manufacturer is sufficient protection against malfunctions or defective merchandise.

But what happens once that warranty runs out? You certainly don’t want to be left with huge bills to replace these items. Back in the day, I’d call out a handyman and bargain with him for the best price to repair the equipment in my kitchen. The dishwasher disposal, the icemaker in the refrigerator, the heating element in the oven, or the boiler in the bathroom.

No More Sticker Shock

You don’t want to get sticker shock when you repair these household appliances and systems. A double door refrigerator can cost you anywhere from $1200-$1700, a dishwasher runs anywhere from $158-$700, and a water heater ranges from $100-$700, depending on where you buy it.

These are all unnecessary expenses that you can certainly avoid by doing the sensible thing: purchasing a home warranty plan. In the absence of such a subscription, what are your options? You could call that kid up the road who repairs electrical gadgets and gizmos as a part-time hobby. Chances are he’s not that good anyway, and you can end up paying for shoddy work and replacing the appliance.

Home Warranty Plans Cover Normal Wear and Tear

If you go with a professional handyman, you may as well be purchasing a brand-new disposal unit or dishwasher – that’s how expensive their services can be. If your devices or appliances are causing problems to begin with, chances are they need to be replaced.

That’s precisely why home warranty providers should be considered as a money-saving option. In case you’re wondering, this is what a home warranty typically covers: the replacement costs for home appliances and home systems, or the cost of repairing those systems or appliances. The home warranties are structured in such a way that all items included in the plan will be covered according to normal wear and tear.

There are many home warranty service providers on the market, and it’s a little challenging choosing between them. Over the years, I’ve learned that it’s best to conduct a little analysis before signing up with a provider. I was pleased with what I learned from my First American home protection reviewed study.

For starters, this company offers a Basic Plan and a Premier Plan. You can also get additional coverage for extra appliances and systems. And the cost is what grabbed me from the get-go since I’m so budget conscious: just $25 per month for a basic plan. Coverage for your home warranty plan should cover all the main areas, including electrical, heating, plumbing, home appliances and fixtures. My advice to you: watch for what isn’t covered so you’re always in the loop!