Home Warranties 101: What Are They And What You Need To Know Before Buying - Diy Crafts

Buying a home warranty can be a great way to protect your investment, but it's essential to understand what it is and what you need to know before purchasing one. A home warranty is a contract between you and a company that provides coverage for specific areas of your home, such as appliances, plumbing, and electrical systems.

What You Need To Know Before Buying A Home Warranty

• Understand the different types of home warranties: There are two main types: a basic warranty and an upgraded warranty. The basic warranty provides coverage for minor issues, while the upgraded warranty covers more serious problems.
• Check your insurance policy:** Before buying a home warranty, make sure you have adequate homeowners insurance to cover any potential damages or repairs.
• Know what's covered and what's not: Check the warranty contract carefully to understand what areas are covered and what's excluded. Some common exclusions include routine maintenance, normal wear and tear, and cosmetic damage.