Unveiling Home Warranty Facts Every Homeowner Should Be Aware Of

Home warranties are contracts between a homeowner and an insurance company that provide protection against certain types of damages or repairs to the home. These warranties can be beneficial for homeowners, especially during major renovations or when purchasing a new property.

Coverage Types

• Mechanical breakdowns: electrical, plumbing, HVAC systems
• Structural damage: walls, floors, ceilings, windows and doors
• System failures: roof leaks, mold, mildew

Exclusions and Limitations

Home warranties typically exclude damages caused by normal wear and tear, accidental damage, or damage due to neglect. Some exclusions may apply to certain types of repairs, such as pest control or termite damage.

Warranty Duration

Home warranties usually have a specific duration, ranging from 1-5 years, depending on the insurance company and policy terms. Some policies may offer lifetime coverage or an unlimited repair guarantee.