First American Home Warranty Expands Into Illinois

Rhea-AI Summary

First American Financial Corporation (FAF) Expands Home Warranty Coverage to Illinois, Offering Affordable Plans for Homeowners. The company introduces three comprehensive home warranty plans: Starter, Essential, and Premium, providing protection for crucial systems and appliances. Homeowners in Illinois can now access reliable services and coverage against unexpected repair or replacement costs.

Positive

• First American Home Warranty's expansion into Illinois demonstrates the company's commitment to providing essential protection to homeowners, leveraging its extensive network of independent contractors for broad coverage. The introduction of three comprehensive home warranty plans offers flexibility and affordability to homeowners, catering to their diverse needs. The company's recognition of an opportunity to extend its reliable services to more homeowners reflects a strategic approach to market expansion and customer satisfaction.

Negative

• None.

—Trusted choice for home warranty coverage at an affordable price now available to Illinois homeowners—

SANTA ROSA, Calif.--(BUSINESS WIRE)-- First American Home Warranty, a subsidiary of First American Financial Corporation and one of the nation’s leading home warranty companies, today announced the company’s expansion into Illinois, providing homeowners in that state a trusted choice for home warranty coverage at an affordable price.

Recognizing an opportunity to extend its reliable services to more homeowners, First American Home Warranty has leveraged its extensive network of independent contractors to offer home warranty protection directly to consumers in Illinois. Three comprehensive home warranty plans are now available: the Starter, Essential, and Premium plans.

“Homeowners in Illinois deserve more choices when it comes to their home warranty coverage and we’re excited to launch our trusted services in the state,” said First American Home Warranty Division President and CEO Matt Wendl. “First American Home Warranty is committed to providing homeowners with essential protection against expensive repairs and replacements for their homes’ crucial systems and appliances.”

First American Home Warranty, an industry leader established in 1984, offers service in multiple counties in northeast and southwest Illinois, leveraging national service providers for broad coverage, while expanding its network of local service providers.

Homeowners can now check coverage in their area and purchase plans to protect their home systems and appliances when they fail due to normal wear and tear.

Protection from Unexpected Repairs and Replacement Costs

A First American home warranty is a renewable service contract that protects a home’s systems and appliances from unexpected repair or replacement costs due to a breakdown. When a covered item breaks, First American Home Warranty sends an independent service contractor to the home to diagnose and repair or replace the item.

Home warranties generally cover systems such as heating, air conditioning and plumbing, as well as household appliances, including dishwashers, ovens, clothes washers and dryers, and refrigerators. Moreover, homeowners can explore various options and upgrades to suit their needs.* In contrast to home insurance, which does not cover mechanical failures, a home warranty bridges this crucial protection gap.

*Home warranty coverage varies by location, plan, and selected options.

Videos:

First American Home Warranty Overview (2 minutes)
First American Home Warranty Overview (30 seconds)

About First American Home Warranty

Established in 1984, First American Home Warranty has provided quality protection for homeowners across the nation, through more than 10 million home warranties, for over 35 years. Today, First American's home warranty products continue to offer homeowners important coverage to protect their budgets from unexpected costs for repairing or replacing home systems and appliances. For more information, visit homewarranty.firstam.com.

About First American

First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.6 billion in 2022, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2023, First American was named one of the 100 Best Companies to Work For by Great Place to Work^® and Fortune Magazine for the eighth consecutive year and was named one of the 100 Best Workplaces for Innovators by Fast Company. More information about the company can be found at www.firstam.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231108420520/en/

Media Contact:

Marcus Ginnaty

Corporate Communications

First American Financial Corporation

(714) 250-3298

Investor Contact:

Craig Barberio

Investor Relations

First American Financial Corporation

(714) 250-5214

Source: First American Home Warranty

What home warranty plans are now available in Illinois?

First American Home Warranty now offers three comprehensive plans: Starter, Essential, and Premium, catering to the diverse needs of homeowners in Illinois.

What does a home warranty cover?

A home warranty protects a home's systems and appliances from unexpected repair or replacement costs due to a breakdown, covering crucial systems such as heating, air conditioning, and plumbing, as well as household appliances like dishwashers, ovens, washers, dryers, and refrigerators.

How does a home warranty differ from home insurance?

Unlike home insurance, which does not cover mechanical failures, a home warranty bridges the protection gap by providing coverage for unexpected repair or replacement costs due to a breakdown of covered items.

How can homeowners in Illinois purchase home warranty plans?

Homeowners in Illinois can check coverage in their area and purchase plans directly from First American Home Warranty to protect their home systems and appliances when they fail due to normal wear and tear.