If you’re 50 or older, keeping your home running smoothly while sticking to a budget is more important than ever. A home warranty plan can be a smart way to avoid surprise repair costs, especially if you’re planning for retirement or looking to simplify home maintenance.

A home warranty is a service contract that helps cover the cost of repairs or replacements for major home systems and appliances that break down over time. This can include things like your heating system, air conditioning, plumbing, electrical systems, washer and dryer, refrigerator, and more.

Unlike homeowners insurance, which typically covers damage from fire, storms, or theft, a home warranty kicks in when something just stops working from everyday use. That means no more panicking if your water heater goes out or your oven quits right before hosting dinner guests.

For many people 50 and over, the idea of not having to research repair companies or pay out-of-pocket for big-ticket fixes is a huge relief. Most plans come with access to a network of qualified service professionals, making it easier to get help quickly without the hassle of finding someone on your own.

That said, not every plan covers every item, and there can be limits on what’s included. It’s important to read the fine print, compare companies, and consider the age of your home and appliances. Some warranties even offer add-on options like roof leak repair or coverage for a second refrigerator or well pump.