Most home warranty companies, including 2-10 Home Buyers Warranty (2-10), offer a renewable home warranty that’s good for 12 months. But why would you want a yearly home warranty coverage yearly service agreement?
And while we’re at it, what does a home warranty cover? We’ll answer some of these questions to help you find the right home warranty coverage.
Let’s start with home warranty length:
- Generally, a home warranty is good for one year.
- Most companies offer a yearly service agreement you can renew annually.
- You may qualify for an extended three-year coverage term.
Why Purchase a Yearly Service Agreement?
Over time, your home’s systems and appliances wear down from routine use. This can eventually cause them to break down, which can be expensive.
With a yearly service agreement from 2-10, you can protect your budget against covered breakdowns, access a quality network of Pros to help diagnose issues, and gain peace of mind knowing that you have a solution for expensive covered breakdowns.
How a Home Warranty Can Help You Avoid Expensive Repairs
Repairing or replacing a home’s systems and appliances out-of-pocket can be costly:
Repair/Replacement Costs Without a Home Warranty*
| HVAC System | Up to $6,000 |
| Water Heater | Up to$2,000 |
| Refrigerator | Up to $1,800 |
| Oven | Up to $1,200 |
*Repair/replacement costs are the eightieth percentile of U.S. costs according to a nationwide survey of homeowners conducted in 2024 by ClearVantage for Frontdoor, Inc.
With 2-10 home warranty coverage, you could reduce those costs to a much smaller service fee, on top of accessing a quality, independent Pro to diagnose the issue. That’s a double dose of peace of mind from your yearly service agreement.
What Does a Yearly Service Agreement Cover?
Generally, a yearly service agreement helps protect your budget when covered systems and appliances experience covered breakdowns. 2-10 offers plans that you can personalize with additional coverage to help you protect more and pay less to address covered breakdowns.
Important notes about home warranty coverage in general:
- Damage from natural disasters like fire or flood isn’t covered. Just another reason to have both a home warranty and homeowners insurance.
- Coverage limits and premiums vary based on what you need.
Payment Options for Your Annual Home Warranty
Not necessarily. You have two payment options:
- Full payment upon purchase
- Monthly payments
Having options makes it easier to maintain ongoing coverage under your yearly service agreement.
How Long Before Your Home Warranty Coverage Starts?
Yes, there’s an industry-standard 30-day waiting period before coverage kicks in to make sure that only breakdowns after the home warranty coverage starts are eligible under the yearly service agreement.
How long can you keep your yearly service agreement?
Your agreement is valid for one year—but you can renew it annually to continue receiving home warranty coverage. If your home is newly built and includes the 2-10 structural warranty, you may qualify for an extended three-year coverage term.
That just about covers it. Let’s review...
Home warranty coverage can help protect your budget against expensive, covered breakdowns. When you purchase a yearly service agreement from 2-10, you can access:
- 12 months of budget protection against covered breakdowns
- Access to quality, independent Pros who can diagnose your breakdown
- More budget predictability when you experience a covered breakdown
- Additional benefits, perks, and discounts
Your yearly service agreement can be a powerful way to access the home warranty coverage you need to protect your budget against unexpected, covered breakdowns.
Home Warranty FAQs
Now you know a little more about everything from home warranty length to coverage to payment options. Here are a few other frequently asked questions that may help.
What does a 2-10 home warranty do for you?
A 2-10 home warranty helps you reduce the costs of addressing covered breakdowns to covered systems and appliances; provides access to a network of quality, independent service Pros; and offers the peace of mind of knowing you have budget protection against covered breakdowns.
What is a service agreement?
A service agreement is a contract between you and your home warranty provider outlining exactly what systems and appliances in your home are covered, what's excluded, and how repairs or replacements are handled. It includes details about costs, limitations, and responsibilities for both the homeowner and provider.
