Https://ipsnews.net/business/2023/07/22/important-home-warranty-facts/

Home warranties are contracts between a homeowner and an insurance company, where the homeowner agrees to pay for repairs or replacements of certain items in their home. These agreements can provide financial protection against costly damages or unexpected expenses.

There are various types of home warranties available, including those offered by manufacturers, service providers, and third-party companies. The most common type is a manufacturer's warranty, which covers parts and labor for specific items like appliances, plumbing fixtures, and HVAC systems. Service providers offer warranties that cover repairs or maintenance services for a wider range of products.

Types of Home Warranties

• Manufacturer's warranty: Covers parts and labor for specific items, usually with no mileage limit.
• Service provider's warranty: Covers repairs or maintenance services for a wider range of products, often with a mileage limit.
• Hybrid warranty: Offers both manufacturer's and service provider's warranties, providing flexibility in coverage options.

Understanding the benefits and limitations of home warranties can help homeowners make informed decisions about their insurance needs. It is essential to carefully review the terms and conditions of any warranty agreement before purchasing or renewing one.

Important Home Warranty Facts

• Home warranties typically have a deductible, which is the amount paid by the homeowner for repairs or replacements.
• Warranties usually last for a specified period, such as 1-5 years, depending on the type of warranty and the manufacturer's agreement.
• Homeowners should keep records of their warranty agreements, including dates, amounts paid, and any issues or repairs required.

https://ipsnews.net/business/2023/07/22/important-home-warranty-facts/