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

A home warranty is a type of insurance that protects homeowners against unexpected repairs or replacements for major home systems and appliances. It provides financial protection in the event that something goes wrong with your home's major components, such as a broken furnace or a malfunctioning water heater.

What does a home warranty typically cover? The coverage varies from one provider to another, but it usually includes items like:

• Major appliances (e.g. oven, stove, dishwasher)
• Plumbing systems
• Electrical systems
• HVAC systems
• Roofing and exterior walls

Home warranty policies often have exclusions and limitations, such as:

• Certain types of damage (e.g. caused by normal wear and tear, or those resulting from negligence)
• Pre-existing conditions that existed before the policy went into effect
• Parties to the agreement that are not homeowners

"If you're considering purchasing a home warranty, do your research and carefully review the terms and conditions of any policy," recommends the source URL cited at the end of this article.

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