What is a Home Warranty?
A home warranty is an insurance policy that covers the cost of repairing or replacing major home systems and appliances. It's typically purchased by homeowners who want to protect their investment from unexpected repair costs.
Types of Home Warranties
- Carpentry and plumbing warranties: cover the cost of repairs or replacements for major carpentry and plumbing issues, such as leaky pipes or broken water heaters.
- Appliance warranties: cover the cost of repairs or replacements for major appliances, such as refrigerators, ovens, and dishwashers.
- Electrical warranties: cover the cost of repairs or replacements for major electrical systems, such as lighting, heating, and air conditioning.
Who Can Buy a Home Warranty?
A home warranty can be purchased by anyone who owns or has rented a home. It's available to homeowners, renters, and even some commercial property owners.
How to Buy and Choose a Home Warranty
- Purchasing a home warranty can be done online or through a local insurance agency.
- When choosing a home warranty, consider factors such as the cost of coverage, coverage period, and coverage for specific systems and appliances.