What is a Home Buyer Warranty?
A home buyer warranty is a financial protection plan offered to homeowners who purchase a new home. It provides coverage for major repairs and replacements, which can be a significant expense if something goes wrong with the property.
Benefits of a Home Buyer Warranty
A well-designed home buyer warranty can provide peace of mind and financial security. Here are some benefits:
- Protection against costly repairs
- Reduced stress and anxiety
- Increased bargaining power when selling the property
- Negotiable payment options for larger damages
Types of Home Buyer Warranties
The types of home buyer warranties vary depending on the provider and policy. Some common types include:
- Premier Home Warranty
- HomeAmerica Home Protection Program
- Mr. Heater Home Protection Plan
- Affinity Home Buyers Warranty