Myth #1: Home warranties are only for new homes.

This is not entirely true. While it's true that many home warranties were designed to cover newer homes, older homes can also be covered. In fact, some states have laws that require homeowners insurance to include home warranty coverage even in older homes.

Myth #2: Home warranties are only for major repairs, not minor ones.

This is a common misconception. While it's true that home warranties typically cover more expensive repairs like leaky faucets or broken appliances, they can also cover minor issues like squeaky doors or loose baseboards.

Myth #3: Home warranties are only for the homeowner to use and maintain the system.

This is not accurate. While homeowners are responsible for maintaining their home warranty, some systems may require periodic inspections or maintenance by a third-party service provider. Additionally, in some cases, home owners may need to pay deductibles for certain services or repairs.