Home Warranty Facts Home Owners Should Know

Buying a home warranty can be an attractive option for homeowners looking to protect their investment, but it's essential to understand what you're getting into. A home warranty typically covers repairs and replacements of major home systems and appliances, such as plumbing, HVAC, electrical, and roofing.

Key Facts to Know Before Purchasing a Home Warranty

• Check your policy limits: Understand the maximum amount you can receive for repairs under each coverage item. Some policies have tiered limits or may not cover certain issues.
• Know what's covered and what's not: A comprehensive warranty should include coverage for a wide range of systems and appliances, but be aware that some items might be excluded or limited in scope.
• Prior to purchasing a warranty, review your home's condition: Make sure you have documented any existing issues or damage, as this can impact your claim eligibility.

Benefits and Drawbacks of Home Warranty

A well-structured home warranty can provide peace of mind and financial protection. However, it's crucial to weigh the benefits against potential drawbacks, such as increased upfront costs or potential disputes with the insurer.

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