How Does A Home Warranty Work, And What Does It Cover?

A home warranty is a contract between you and a home warranty provider that covers certain repairs and replacements to your home's major systems and appliances. The goal of a home warranty is to provide peace of mind and financial protection in the event of unexpected home repairs or replacements.

What Does A Home Warranty Typically Cover?

A standard home warranty typically includes coverage for major systems such as the heating, ventilation, and air conditioning (HVAC) system, water heater, and plumbing fixtures. It may also cover appliances like refrigerators, ovens, dishwashers, and washing machines.

Who Can Purchase A Home Warranty?

A home warranty is typically purchased by homeowners who want to protect their investment in their home's major systems and appliances. This includes new construction homes, as well as older homes that are being renovated or repaired.

How Does The Warranty Work?

The warranty period for a home warranty varies depending on the provider and the scope of coverage. Typically, warranties last 1-3 years, although some providers may offer lifetime coverage. During the warranty period, you can call your provider to report any issues or request repairs.

What To Do If You Need Repairs Under A Home Warranty?

If you need repairs under a home warranty, follow these steps:

1. Call your provider within 3-5 days of the issue to report it and schedule an appointment with one of their contractors.
2. Provide documentation to verify that the issue was related to the warranty period.
3. The contractor will inspect the issue and provide a written estimate for repairs or replacements. You can then choose which option to accept, provided you meet any necessary requirements (such as age or mileage limitations).

Avoiding Common Home Warranty Claims

Here are some tips to help avoid common home warranty claims:

• Regular maintenance can help prevent issues and reduce the likelihood of needing repairs.
• Keep track of receipts for repair costs, as these may be reimbursed under the warranty program.
• Make timely payments to avoid any potential lapse in coverage or non-compliance with warranty requirements.

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