An American Home Shield warranty, a type of home warranty, is a service contract that covers the repair or replacement of major home appliances and systems when they break down due to normal wear and tear. For instance, if a homeowner’s air conditioner stops working, their American Home Shield warranty may cover the cost of repairing or replacing it.
Home warranties are important because they can help homeowners save money on unexpected home repairs. They can also provide peace of mind, knowing that they are protected from the financial burden of major repairs. A key historical development in the home warranty industry was the introduction of the first home warranty program by the Sears Roebuck and Company in 1971.
