What is a Home Warranty?

A home warranty is an insurance policy that protects homeowners against repairs and replacements of major home systems and appliances. It typically covers issues such as electrical, plumbing, HVAC, and roofing problems.

Types of Home Warranties

• Manufacturers' Warranties: These warranties are provided by the manufacturer of the appliance or system and typically last for a certain period, such as 2-5 years.
• Service Contracts: These contracts provide coverage for routine maintenance and repairs, often with a fixed price per visit.
• Homeowner's Warranties: These warranties cover unexpected issues that arise due to normal wear and tear or accidents.

Home Warranty: Protection And Assurance In North Carolina - The World Financial Review

North Carolina homeowners can benefit from home warranties to protect their investment in their home and provide peace of mind. According to a survey by the National Association of Home Builders, 80% of homeowners in NC have not purchased a home warranty before.

Home warranties offer several benefits, including: (1) protection against costly repairs and replacements; (2) financial savings on unexpected expenses; and (3) added peace of mind knowing that your home is protected.

To get started, homeowners can shop around for the best deals from reputable providers. It's essential to read reviews, compare prices, and understand what is covered under each warranty before making a decision.