Domestic US Home Warranty Coverage Experiences 4.4% Annual Growth
The US home warranty market reports a 4.4 percent of annual growth in recent times thanks to the peace of mind and less repair costs for home appliances assured by home warranty.
Edison, United States, April 14, 2016 (Newswire.com) - The American market of home warranty has reportedly experienced a handy 4.4 % annual growth* this time. 8 in 10 home buyers today prefer homes backed by home warranty coverage.
“Appliances like refrigerators or AC systems play a major role in ensuring a healthy functioning home and any problem here can bitter all the excitement of new home. Home warranty coverage is thus much needed here for a quick fix of all such major appliances so that one can have peace of mind. No wonder, the American home warranty market is experiencing a steady growth in recent times,” stated the manager from 365 Home Warranty.
Operating with more than 4 decades of combined industry experience 365 Home Warranty offers a versatile range of home warranty plans including coverage for up to 29 appliances & eleven major systems. The company also offers coverage on many different aspects which are not covered by the regular companies such as PC protection, flat screen TV, home phone, roadside assistance & lockout & re-key assistance.
Speaking further, a senior spokesperson from the company also reported that it’s the burden of high repair costs leading to financial ruin, which has inspired many smart homeowners to take to home warranty plans. Around 62 percent of homeowners feel that a major appliance repair could push them to a risky financial cliff. 65 percent of homeowners had to replace or repair a major home appliance last year and 35 percent had to go through both.
“No matter how premium the home appliances are, they are supposed to have issues at some point of time and one has to repair or replace them. But the home warranty backup here greatly reduces the repair or replacement cost -compared to what one have been forced to shell out for the same job without the warranty insurance.”
While the average replacement cost for home appliances without home warranty coverage can be around $1,200, with warranty the cost goes down to around $840.
About 365 Home Warranty
365 Home Warranty is a leading home warranty and protection company based in NJ which offers coverage for 29 appliances & eleven major systems across US. For more details, go to https://www.365homewarranty.com
*Source: http://www.pwsc.com/blog/infographic-understanding-home-warranties-structural-vs-appliances/
Contact Name: Harry J. Bailey
Address:
55 Carter Drive
Edison, NJ
USA - 08817
Phone Number: 1-800-270-3818
Source: https://www.365homewarranty.com