A home warranty can provide peace of mind and financial protection, but there are several myths surrounding these policies. Here are some common ones to be aware of:
This is not entirely true. While it's true that most home warranties are designed for new homes, they can be purchased and used in older homes as well. Some policies may even require a certain level of age or type of property to qualify.
This is a common myth. While home warranties often cover major repairs, such as appliances and plumbing systems, they may not be able to cover all types of repairs or parts replacements. It's essential to carefully review your policy to understand what's covered.
This is another myth. While home warranties may cover replacement costs, they often come with limitations and restrictions. For example, some policies may require a certain level of wear and tear before repairs can be made.