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If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
How long will home warranty coverage last? Most home warranty terms are one year. This is a 12-month contract which in many cases is renewable from year to year. Make sure to renew your home warranty promptly each year so that you're not caught without coverage.
Purchasing a home warranty, though, can help alleviate some of the financial burden new homeowners face when a major appliance or home system goes out. Yes, you'll pay for a warranty upfront but the savings could be worth the added expense.
If you don't want to worry about paying out of pocket when a key household item breaks down, spending $25 to $50 per month for protection is often worth it. The average home warranty costs between $300 and $600 per year, typically covering more than $20,000 worth of appliances and systems in your home.
What does a $500 home warranty cover? An annual service contract for $500 will typically cover basic systems like air conditioning, electrical, and plumbing, and important appliances like your refrigerator, dishwasher, washer, and dryer.