Welcome to the World of Home Warranties!
A home warranty is a contract between you and your home's manufacturer or seller that covers unexpected repairs and replacements for major components, such as plumbing, electrical, and HVAC systems.
- Typically lasts 1-5 years, depending on the warranty and the specific component
- Can be used to cover a wide range of issues, from leaky faucets to faulty thermostats
- May require you to pay for parts or labor, but won't cost you your home's equity
Getting a Home Warranty: A Step-by-Step Guide
If you're considering purchasing a new home, it's essential to understand what comes with the purchase and how to get a warranty.
- Check your contract or sales document for information on the warranty details
- If you don't have a contract, ask the seller about their warranty policy
- Contact the manufacturer or seller's customer service department to inquire about available options
What to Expect from a Home Warranty
A typical home warranty includes coverage for major components, such as:
- Plumbing systems (water heaters, pipes, etc.)
- Electrical systems (lights, outlets, etc.)
- HVAC systems (heating, cooling, and ventilation)
Some warranties may also cover minor issues, such as leaky faucets or faulty thermostats.