Home warranty contracts have gotten very comprehensive and are not available for rental dwellings. Stop paying for costly repairs to your property’s systems – heating, electrical, furnace, hot water heaters, refrigerators, washers and dryers, dishwashers.
The above items CAN be covered.
Rental dwelling system warranties are the Ying to the Insurance Yang. Where one stops the other starts. Insurance companies hate claims, and you hate filing them. Warranty companies expect 1.25 claims a year per rental unit.
So, let’s say you have 2 duplexes and single family – 5 units. On average you would have 6.25 covered claims a year that the warranty would cover. The best part, unlike insurance, after you file a claim, they do not raise your rate or threaten to cancel the coverage!