What is a Home Warranty?

A home warranty is a protection plan that covers repairs and replacements for home systems, appliances, and components. It's often required by landlords or homeowners association (HOA) rules.

Types of Home Warranties

• Scheduled Maintenance Warranties: Covers routine maintenance tasks, such as plumbing and electrical repairs. Typically covers 24-48 months.
• Temporary Repairs: Covers emergency repairs, such as leaky faucets or broken appliances. Usually covers 6-12 months.
• Replacement Parts Warranties: Covers the replacement of defective parts, rather than labor costs. Often covers 1-5 years.

Home Warranty Regulations in Illinois

In Illinois, home warranty regulations are governed by the Residential Molding and Repair Act (RMRA). The RMRA requires landlords to provide tenants with a written disclosure of their warranty policy. Tenants also have the right to inspect and review their warranty agreement.