Home Warranty Myths And Misconceptions

Myth #1: Home warranties cover all types of damages. Reality: While home warranties do cover certain damages, they may not be applicable to every type of issue. For example, a kitchen appliance warranty might only cover replacement or repair of the appliance itself, rather than other related costs.

Myth #2: Home warranties are only required for homeowners who have lived in their home for at least 6 months. Reality: This is not necessarily true. While it's true that some states require a certain amount of residency to purchase or maintain a home warranty, most states don't require this requirement.

Myth #3: Home warranties only cover the original purchaser of the property. Reality: This is not accurate either. Most home warranties include coverage for occupants and guests who live in the home, as well as any businesses that use the property (e.g. a rental agreement).

Myth #4: Home warranties only cover physical damage to the property. Reality: While most home warranties do cover some form of physical damage, they may also include coverage for system failures or maintenance-related issues.

Myth #5: Home warranties are only available through licensed contractors. Reality: This is not true. Many home warranty providers offer their services to non-licensed individuals and businesses as well (though it's generally recommended that you hire a licensed contractor for most repairs).

Myth #6: Home warranties are only available in areas with high crime rates. Reality: This is not accurate either. While some states have laws requiring home warranties, the availability and quality of these programs vary widely from state to state.