Seller's Warranty: What It Covers
A seller's warranty typically covers: * Repairs to plumbing, HVAC, electrical, and appliance systems * Replacement of major components such as the water heater, furnace, or air conditioner * Permits and inspections required by local authoritiesSeller's warranties usually have a limited duration, ranging from 1-5 years, depending on the contract terms.
Buyer's Warranty: What It Covers
A buyer's warranty typically covers: * Repairs to plumbing, HVAC, electrical, and appliance systems * Replacement of major components such as the water heater, furnace, or air conditionerBuyer's warranties usually have a longer duration than seller's warranties, often ranging from 10-25 years, depending on the contract terms.
Key Differences Between Seller's and Buyer's Warranty
The main difference between seller's and buyer's warranty is the level of protection provided to each party. A seller's warranty typically offers more comprehensive coverage, while a buyer's warranty provides a lower-cost alternative.A key advantage of buyer's warranties is their cost-effectiveness, with prices often significantly lower than those of seller's warranties.