The home warranty industry in the United States began in the 1970s. At that point, the real estate sector experienced solid growth, and a variety of home insurance companies began offering contracts of coverage for home systems and appliances. The industry evolved over time, and these insurance options became known as home warranties.
Nowadays, millions of homeowners across the United States have opted for home warranty plans to protect the systems and appliances in their homes. These include AC units, plumbing systems, electrical systems, and heating, as well as washers and dryers, dishwashers, microwaves, garage door motors, Jacuzzis and the like.
Each state has specific rules and regulations vis-à-vis the licensing and coverage plans provided by home warranty companies. Given that the home warranty industry in the US was established 50 years ago, there is a myriad of companies offering their services to homeowners. For the most part, individual states have their own providers of home warranty plans, and it is incumbent upon the homeowner to find a plan that best meets their requirements.